Counterpoint Mutual Funds LLC Acquires New Position in Virtu Financial, Inc. $VIRT

Key Points

• Counterpoint Mutual Funds LLC acquired a new position in Virtu Financial, purchasing 9,319 shares valued at approximately $417,000 during the 2nd quarter.
• Virtu Financial recently paid a quarterly dividend of $0.24 per share, which amounts to an annualized dividend of $0.96 and a yield of 2.7%.
• Analyst ratings for Virtu Financial include two "Buy" ratings, five "Hold" ratings, and one "Sell" rating, with a consensus price target of $39.75.

Counterpoint Mutual Funds LLC bought a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 9,319 shares of the financial services provider's stock, valued at approximately $417,000.

A number of other large investors have also modified their holdings of VIRT. Brooklyn Investment Group boosted its stake in shares of Virtu Financial by 243.0% in the first quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider's stock valued at $30,000 after buying an additional 554 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Virtu Financial in the first quarter valued at $32,000. Jones Financial Companies Lllp boosted its position in shares of Virtu Financial by 1,624.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider's stock worth $38,000 after purchasing an additional 942 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Virtu Financial during the 1st quarter worth $54,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Virtu Financial by 410.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,297 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 1,043 shares in the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the firm's 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 SEC, which is available through this link. 47.20% of the stock is currently owned by insiders.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT opened at $34.94 on Wednesday. The company has a market cap of $5.34 billion, a P/E ratio of 10.10, a P/E/G ratio of 1.14 and a beta of 0.69. The business has a fifty day simple moving average of $41.08 and a 200-day simple moving average of $40.41. Virtu Financial, Inc. has a 52 week low of $29.82 and a 52 week high of $45.77. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Virtu Financial's dividend payout ratio is currently 21.82%.

Analysts Set New Price Targets

VIRT has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Morgan Stanley lifted their price target on shares of Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Finally, UBS Group restated a "neutral" rating and issued a $45.00 price target (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.