GLOBALT Investments LLC GA grew its holdings in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 60.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,157 shares of the financial services provider's stock after buying an additional 57,405 shares during the quarter. GLOBALT Investments LLC GA owned 0.10% of Virtu Financial worth $5,838,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in shares of Virtu Financial during the first quarter worth approximately $32,000. Penserra Capital Management LLC acquired a new position in Virtu Financial during the first quarter worth $54,000. SBI Securities Co. Ltd. boosted its stake in Virtu Financial by 26.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider's stock worth $64,000 after buying an additional 345 shares during the last quarter. Huntington National Bank boosted its stake in Virtu Financial by 528.9% during the fourth quarter. Huntington National Bank now owns 3,182 shares of the financial services provider's stock worth $114,000 after buying an additional 2,676 shares during the last quarter. Finally, Wexford Capital LP acquired a new position in Virtu Financial during the fourth quarter worth $203,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.
Virtu Financial Price Performance
VIRT stock traded down $0.79 during midday trading on Monday, hitting $43.41. 825,947 shares of the stock were exchanged, compared to its average volume of 952,644. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The stock's 50-day moving average price is $42.58 and its 200-day moving average price is $39.51. Virtu Financial, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $45.77. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.14 and a beta of 0.70.
Virtu Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.24 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.21%. Virtu Financial's dividend payout ratio is currently 27.75%.
Insider Activity
In other news, Director John Nixon sold 6,965 shares of the company's stock in a transaction 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 sale, the director directly owned 33,923 shares in the company, valued at $1,452,582.86. This represents a 17.03% decrease in their ownership of the stock. The sale 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 corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on VIRT. Wall Street Zen lowered Virtu Financial from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. UBS Group reaffirmed a "neutral" rating and issued a $40.00 price target (up previously from $38.00) on shares of Virtu Financial in a research note on Thursday, April 24th. Evercore ISI upped their price target on Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley increased their target price on Virtu Financial from $31.00 to $35.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Virtu Financial currently has an average rating of "Hold" and a consensus price target of $39.13.
Check Out Our Latest Research Report on Virtu Financial
About Virtu Financial
(
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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