Quantinno Capital Management LP boosted its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 84.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,315 shares of the financial services provider's stock after purchasing an additional 23,455 shares during the period. Quantinno Capital Management LP's holdings in Virtu Financial were worth $1,831,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in VIRT. Man Group plc increased its holdings in shares of Virtu Financial by 530.5% during the fourth quarter. Man Group plc now owns 53,250 shares of the financial services provider's stock worth $1,900,000 after buying an additional 44,804 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Virtu Financial during the 4th quarter valued at $471,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Virtu Financial by 5.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 812,749 shares of the financial services provider's stock worth $28,999,000 after acquiring an additional 38,797 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in Virtu Financial by 11.6% in the 4th quarter. EP Wealth Advisors LLC now owns 13,510 shares of the financial services provider's stock worth $482,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Corton Capital Inc. increased its holdings in Virtu Financial by 14.9% in the 4th quarter. Corton Capital Inc. now owns 9,179 shares of the financial services provider's stock worth $328,000 after purchasing an additional 1,193 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.
Analysts Set New Price Targets
VIRT has been the topic of a number of recent research reports. Bank of America lowered Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price target on the stock. in a research note on Thursday, May 15th. Evercore ISI lifted their target price on shares of 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. boosted their target price on shares of Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. UBS Group reaffirmed a "neutral" rating and set a $40.00 price target (up previously from $38.00) on shares of Virtu Financial in a research note on Thursday, April 24th. Finally, Morgan Stanley lifted their price target on shares of Virtu Financial from $26.00 to $28.00 and gave the stock an "underweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $37.25.
Read Our Latest Report on Virtu Financial
Virtu Financial Stock Performance
NASDAQ:VIRT opened at $41.51 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. Virtu Financial, Inc. has a fifty-two week low of $21.55 and a fifty-two week high of $44.58. The company has a 50 day simple moving average of $38.77 and a two-hundred day simple moving average of $37.31. The company has a market capitalization of $6.40 billion, a PE ratio of 13.98, a P/E/G ratio of 1.43 and a beta of 0.68.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.31. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. The company had revenue of $497.14 million for the quarter, compared to analyst estimates of $444.23 million. During the same period in the prior year, the firm posted $0.76 EPS. The company's quarterly revenue 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.31%. Virtu Financial's dividend payout ratio (DPR) is currently 27.75%.
Insiders Place Their Bets
In other Virtu Financial news, Director John Nixon sold 6,965 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 33,923 shares of the company's stock, valued at approximately $1,452,582.86. The trade was a 17.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas A. Cifu sold 177,561 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 231,306 shares in the company, valued at $8,993,177.28. The trade was a 43.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 362,846 shares of company stock worth $14,079,615. Company insiders own 47.20% of the company's stock.
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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