Lecap Asset Management Ltd. Sells 11,616 Shares of Virtu Financial, Inc. $VIRT

Key Points

• Lecap Asset Management Ltd. reduced its stake in Virtu Financial, Inc. by 44.8%, selling 11,616 shares and now holding 14,299 shares worth approximately $640,000.
• Virtu Financial recently announced a quarterly dividend of $0.24 per share, reflecting an annualized payout of $0.96 and a yield of 2.8%.
• Analyst ratings for Virtu Financial show mixed opinions, with price target upgrades ranging from $31.00 to $48.00 and an average rating of Hold.

Lecap Asset Management Ltd. cut its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 44.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,299 shares of the financial services provider's stock after selling 11,616 shares during the period. Lecap Asset Management Ltd.'s holdings in Virtu Financial were worth $640,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group raised its holdings in shares of Virtu Financial by 243.0% during the 1st quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider's stock worth $30,000 after acquiring an additional 554 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Virtu Financial during the first quarter valued at $32,000. Jones Financial Companies Lllp lifted its position in Virtu Financial by 1,624.1% during the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 942 shares during the last quarter. Farther Finance Advisors LLC grew its stake 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 worth $58,000 after buying an additional 1,043 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in shares of Virtu Financial by 89.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,368 shares of the financial services provider's stock worth $61,000 after buying an additional 647 shares during the last quarter. Institutional investors own 45.78% of the company's stock.

Virtu Financial Stock Performance

VIRT stock opened at $34.24 on Friday. Virtu Financial, Inc. has a twelve month low of $29.82 and a twelve month high of $45.77. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.14 and a beta of 0.69. The business's fifty day simple moving average is $39.84 and its two-hundred day simple moving average is $40.36. 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. Investors of record on Monday, September 1st were issued a dividend of $0.24 per share. The ex-dividend date was Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. Virtu Financial's dividend payout ratio (DPR) is presently 21.82%.

Analyst Ratings Changes

A number of brokerages recently commented on VIRT. Morgan Stanley increased their price target on shares of Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. Piper Sandler raised their price objective on Virtu Financial from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, UBS Group reissued a "neutral" rating and set a $45.00 target price (up previously from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $41.29.

Insider Transactions at Virtu Financial

In other Virtu Financial news, COO Brett Fairclough sold 90,701 shares of the company's stock in a transaction dated 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 SEC, which is available through this link. 46.70% of the stock is currently owned by company insiders.

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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