OMERS ADMINISTRATION Corp Invests $471,000 in Virtu Financial, Inc. (NASDAQ:VIRT)

OMERS ADMINISTRATION Corp acquired a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,200 shares of the financial services provider's stock, valued at approximately $471,000.

Several other institutional investors and hedge funds have also bought and sold shares of VIRT. FMR LLC lifted its holdings in Virtu Financial by 28.2% in the 4th quarter. FMR LLC now owns 6,375,783 shares of the financial services provider's stock worth $227,488,000 after buying an additional 1,401,688 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Virtu Financial in the 4th quarter worth approximately $39,993,000. Arrowstreet Capital Limited Partnership lifted its holdings in Virtu Financial by 180.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 948,590 shares of the financial services provider's stock worth $33,846,000 after buying an additional 609,821 shares during the period. Northern Trust Corp lifted its holdings in Virtu Financial by 48.2% in the 4th quarter. Northern Trust Corp now owns 1,448,866 shares of the financial services provider's stock worth $51,696,000 after buying an additional 471,526 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Virtu Financial in the 4th quarter worth approximately $12,196,000. Hedge funds and other institutional investors own 45.78% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on VIRT shares. UBS Group reiterated a "neutral" rating and issued a $40.00 price objective (up previously from $38.00) on shares of Virtu Financial in a report on Thursday, April 24th. Evercore ISI increased their target price on Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a research report 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 report on Thursday, April 24th. Morgan Stanley increased their target price on Virtu Financial from $26.00 to $28.00 and gave the stock an "underweight" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen lowered Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $37.25.

Insider Activity at Virtu Financial

In other Virtu Financial news, Director John Nixon sold 6,965 shares of Virtu Financial 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 completion of the sale, the director now owns 33,923 shares of the company's stock, valued at approximately $1,452,582.86. This trade represents a 17.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas A. Cifu sold 177,561 shares of Virtu Financial stock in a transaction on Monday, April 28th. The stock was sold at an average price of $38.88, for a total value of $6,903,571.68. Following the completion of the sale, the chief executive officer now directly owns 231,306 shares of the company's stock, valued at approximately $8,993,177.28. The trade was a 43.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 362,846 shares of company stock valued at $14,079,615 in the last 90 days. Corporate insiders own 47.20% of the company's stock.

Virtu Financial Stock Down 0.6%

VIRT stock traded down $0.23 on Friday, reaching $40.75. 724,095 shares of the company traded hands, compared to its average volume of 1,189,265. Virtu Financial, Inc. has a one year low of $21.55 and a one year high of $44.58. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. The company has a market cap of $6.28 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The firm has a fifty day simple moving average of $38.95 and a 200-day simple moving average of $37.47.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.31. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. The company had revenue of $497.14 million during the quarter, compared to analyst estimates of $444.23 million. During the same quarter last year, the company earned $0.76 EPS. The firm's revenue for the quarter was up 30.3% on a year-over-year basis. Research analysts anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, May 30th. Virtu Financial's dividend payout ratio (DPR) is presently 27.75%.

About Virtu Financial

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.