Brucke Financial Inc. purchased a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,733 shares of the financial services provider's stock, valued at approximately $240,000.
Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Virtu Financial by 13.0% during the 4th quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider's stock valued at $100,000 after buying an additional 322 shares during the last quarter. Mariner LLC raised its position in shares of Virtu Financial by 4.2% during the fourth 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. Cerity Partners LLC lifted its stake in Virtu Financial by 2.7% in the 4th quarter. Cerity Partners LLC now owns 14,826 shares of the financial services provider's stock worth $516,000 after purchasing an additional 392 shares in the last quarter. Atlas Capital Advisors Inc. boosted its stake in Virtu Financial by 2.2% during the fourth quarter. Atlas Capital Advisors Inc. now owns 19,635 shares of the financial services provider's stock valued at $701,000 after buying an additional 426 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Virtu Financial by 172.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after purchasing an additional 551 shares during the last quarter. Institutional investors own 45.78% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on VIRT. JPMorgan Chase & Co. boosted their price objective on shares of Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. UBS Group reaffirmed a "neutral" rating and issued a $40.00 price objective (up previously from $38.00) on shares of Virtu Financial in a research report on Thursday, April 24th. Wall Street Zen lowered Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Morgan Stanley lifted their price objective 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. Finally, Evercore ISI lifted their price objective on shares of Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $37.25.
Check Out Our Latest Report on Virtu Financial
Insider Activity at Virtu Financial
In related news, Director John Nixon sold 6,965 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total transaction of $298,241.30. Following the completion of the transaction, the director now directly owns 33,923 shares of the company's stock, valued at $1,452,582.86. The trade was a 17.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas A. Cifu sold 177,561 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $38.88, for a total transaction of $6,903,571.68. Following the transaction, the chief executive officer now owns 231,306 shares of the company's stock, valued at $8,993,177.28. This trade represents a 43.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 362,846 shares of company stock worth $14,079,615. Insiders own 46.70% of the company's stock.
Virtu Financial Price Performance
VIRT traded down $0.62 on Friday, reaching $39.99. 1,319,218 shares of the company's stock were exchanged, compared to its average volume of 1,190,828. Virtu Financial, Inc. has a twelve month low of $21.55 and a twelve month high of $44.58. The stock has a market cap of $6.17 billion, a PE ratio of 13.46, a P/E/G ratio of 1.43 and a beta of 0.68. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. The stock's fifty day moving average price is $39.20 and its 200-day moving average price is $37.66.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.31. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. The firm had revenue of $497.14 million during the quarter, compared to analyst estimates of $444.23 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Virtu Financial's quarterly revenue was up 30.3% on a year-over-year basis. Sell-side analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current year.
Virtu Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, May 30th. Virtu Financial's dividend payout ratio (DPR) is presently 27.75%.
Virtu Financial Company 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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