Hsbc Holdings PLC Makes New $662,000 Investment in Virtu Financial, Inc. $VIRT

Key Points

• Hsbc Holdings PLC has made a new investment of $662,000 in Virtu Financial, purchasing 17,464 shares of the company.
• Several hedge funds adjusted their positions in Virtu Financial during the first quarter, with a notable increase of 243.0% in holdings by Brooklyn Investment Group.
• Virtu Financial recently announced a quarterly dividend of $0.24 per share, with a dividend yield of 2.3%.

Hsbc Holdings PLC bought a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 17,464 shares of the financial services provider's stock, valued at approximately $662,000.

Several other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group lifted its position in Virtu Financial by 243.0% during 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 during the period. Financial Management Professionals Inc. purchased a new position in Virtu Financial during the first quarter valued at $32,000. Penserra Capital Management LLC purchased a new stake in shares of Virtu Financial in the first quarter worth $54,000. SBI Securities Co. Ltd. increased its holdings in shares of 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 valued at $64,000 after acquiring an additional 345 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Virtu Financial during the 4th quarter valued at about $203,000. 45.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the company's stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 47.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on VIRT. UBS Group reiterated a "neutral" rating and set a $45.00 target price (up from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. Morgan Stanley boosted their target price on Virtu Financial from $31.00 to $35.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. 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 research note on Thursday, May 15th. Wall Street Zen downgraded shares of Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Piper Sandler lifted 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. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $39.75.

Virtu Financial Stock Down 1.3%

VIRT stock opened at $41.84 on Monday. Virtu Financial, Inc. has a twelve month low of $29.82 and a twelve month high of $45.77. The stock has a market cap of $6.40 billion, a P/E ratio of 12.09, a PEG ratio of 1.14 and a beta of 0.69. The business's 50-day moving average price is $43.20 and its 200-day moving average price is $40.30. 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 company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. Virtu Financial's payout ratio is 21.82%.

Virtu Financial Company 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.

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