Alamea Verwaltungs GmbH acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,684 shares of the financial services provider's stock, valued at approximately $407,000.
A number of other institutional investors have also modified their holdings of the business. Foundry Partners LLC grew its position in shares of Virtu Financial by 1.5% during the 1st quarter. Foundry Partners LLC now owns 18,031 shares of the financial services provider's stock valued at $687,000 after buying an additional 275 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of Virtu Financial by 0.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 33,397 shares of the financial services provider's stock valued at $1,273,000 after buying an additional 281 shares during the last quarter. Mariner LLC grew its position in shares of Virtu Financial by 4.2% during the 4th quarter. Mariner LLC now owns 8,074 shares of the financial services provider's stock valued at $288,000 after buying an additional 324 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Virtu Financial by 26.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider's stock valued at $64,000 after buying an additional 345 shares during the last quarter. Finally, Optimist Retirement Group LLC grew its position in shares of Virtu Financial by 4.6% during the 1st quarter. Optimist Retirement Group LLC now owns 8,146 shares of the financial services provider's stock valued at $311,000 after buying an additional 355 shares during the last quarter. Institutional investors own 45.78% of the company's stock.
Virtu Financial Price Performance
Shares of Virtu Financial stock traded up $0.11 on Wednesday, hitting $41.46. The company had a trading volume of 530,340 shares, compared to its average volume of 940,495. The business has a 50-day simple moving average of $43.13 and a 200-day simple moving average of $40.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market cap of $6.34 billion, a PE ratio of 11.98, a PEG ratio of 1.14 and a beta of 0.69. Virtu Financial, Inc. has a 52 week low of $29.82 and a 52 week high of $45.77.
Virtu Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.24 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. Virtu Financial's dividend payout ratio (DPR) is 21.82%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Morgan Stanley upped their target price on shares of Virtu Financial from $31.00 to $35.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Wall Street Zen cut shares of Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Piper Sandler upped their target price on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Bank of America cut shares of Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 target price for the company. in a research report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Virtu Financial presently has a consensus rating of "Hold" and a consensus price target of $39.75.
Get Our Latest Report on VIRT
Insider Activity
In other news, COO Brett Fairclough sold 90,701 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $42.40, for a total value of $3,845,722.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 47.20% of the stock is owned by company insiders.
Virtu Financial Profile
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Free Report)
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.
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