7,378 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Bought by TrueMark Investments LLC

TrueMark Investments LLC purchased a new stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,378 shares of the financial services provider's stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIRT. Smartleaf Asset Management LLC raised its stake in shares of Virtu Financial by 172.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 551 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Virtu Financial during the 1st quarter valued at $32,000. SBI Securities Co. Ltd. acquired a new stake in Virtu Financial during the 4th quarter valued at $47,000. Principal Securities Inc. raised its position in Virtu Financial by 439.0% in the 4th quarter. Principal Securities Inc. now owns 2,361 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Virtu Financial by 528.9% in the fourth quarter. Huntington National Bank now owns 3,182 shares of the financial services provider's stock worth $114,000 after purchasing an additional 2,676 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIRT has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. UBS Group reissued a "neutral" rating and set a $40.00 price objective (up previously from $38.00) on shares of Virtu Financial in a report on Thursday, April 24th. Morgan Stanley boosted their target price on shares of Virtu Financial from $26.00 to $28.00 and gave the stock an "underweight" rating in a research note on Thursday, April 24th. Wall Street Zen lowered shares of Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Bank of America lowered shares of Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price target for the company. in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $37.25.

Insiders Place Their Bets

In related news, Director John Nixon sold 6,965 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total value of $298,241.30. Following the completion of the transaction, the director now directly owns 33,923 shares in the company, valued at approximately $1,452,582.86. The trade was a 17.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas A. Cifu sold 178,320 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $38.57, for a total transaction of $6,877,802.40. Following the sale, the chief executive officer now owns 408,867 shares in the company, valued at $15,770,000.19. This trade represents a 30.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 362,846 shares of company stock worth $14,079,615. Insiders own 47.20% of the company's stock.

Virtu Financial Trading Up 1.4%

Shares of NASDAQ:VIRT traded up $0.63 during trading on Friday, hitting $44.38. 985,745 shares of the company's stock were exchanged, compared to its average volume of 1,064,011. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The firm has a market cap of $6.84 billion, a P/E ratio of 12.83, a PEG ratio of 1.14 and a beta of 0.68. The firm has a 50-day moving average price of $41.04 and a two-hundred day moving average price of $38.31. Virtu Financial, Inc. has a 1-year low of $21.59 and a 1-year high of $44.73.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $0.99 by $0.31. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The company had revenue of $497.14 million during the quarter, compared to analysts' expectations of $444.23 million. During the same quarter in the previous year, the company posted $0.76 EPS. The business's revenue for the quarter was up 30.3% compared to the same quarter last year. Equities analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, May 30th. Virtu Financial's payout ratio is 27.75%.

Virtu Financial Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.