Oak Associates Ltd. OH purchased a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,100 shares of the financial services provider's stock, valued at approximately $309,000.
Other large investors have also made changes to their positions in the company. Brooklyn Investment Group increased its position in shares of Virtu Financial by 243.0% during the first quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider's stock worth $30,000 after purchasing an additional 554 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Virtu Financial during the first quarter worth $32,000. Penserra Capital Management LLC acquired a new position in shares of Virtu Financial during the first quarter worth $54,000. SBI Securities Co. Ltd. increased its position 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 worth $64,000 after purchasing an additional 345 shares in the last quarter. Finally, Wexford Capital LP acquired a new position in shares of Virtu Financial during the fourth quarter worth $203,000. 45.78% of the stock is owned by institutional investors and hedge funds.
Virtu Financial Stock Performance
Shares of NASDAQ VIRT traded down $0.55 during mid-day trading on Monday, hitting $41.84. The stock had a trading volume of 994,469 shares, compared to its average volume of 943,983. Virtu Financial, Inc. has a twelve month low of $29.82 and a twelve month high of $45.77. 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 firm has a market cap of $6.40 billion, a PE ratio of 12.09, a PEG ratio of 1.14 and a beta of 0.69. The company has a 50 day moving average of $43.20 and a two-hundred day moving average of $40.30.
Virtu Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. Virtu Financial's dividend payout ratio (DPR) is currently 21.82%.
Insiders Place Their Bets
In other Virtu Financial news, COO Brett Fairclough sold 90,701 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 47.20% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Bank of America downgraded Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price target on the stock. in a research report on Thursday, May 15th. Morgan Stanley upped their target price on Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. UBS Group reissued a "neutral" rating and issued a $45.00 target price (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Finally, Piper Sandler upped their target price on Virtu Financial from $44.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $39.75.
Check Out Our Latest Stock Analysis on VIRT
Virtu Financial Profile
(
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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