Trexquant Investment LP Has $8.60 Million Stock Position in Virtu Financial, Inc. $VIRT

Key Points

• Trexquant Investment LP increased its ownership in Virtu Financial by 324.2%, now holding 225,504 shares valued at approximately $8.6 million.
• Virtu Financial announced a quarterly dividend of $0.24 per share, with an ex-dividend date of August 29th, yielding around 2.3% annually.
• Analysts have varying views on Virtu Financial, with price targets ranging from $35 to $48 and a current consensus rating of "Hold."

Trexquant Investment LP boosted its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 324.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 225,504 shares of the financial services provider's stock after acquiring an additional 172,338 shares during the period. Trexquant Investment LP owned 0.15% of Virtu Financial worth $8,596,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Oak Associates Ltd. OH acquired a new stake in shares of Virtu Financial during the first quarter worth $309,000. Ieq Capital LLC raised its holdings in Virtu Financial by 74.2% in the first quarter. Ieq Capital LLC now owns 21,353 shares of the financial services provider's stock worth $814,000 after purchasing an additional 9,093 shares during the period. Redwood Investment Management LLC acquired a new stake in Virtu Financial in the first quarter worth $1,314,000. AlphaQuest LLC raised its holdings in Virtu Financial by 151.2% in the first quarter. AlphaQuest LLC now owns 11,810 shares of the financial services provider's stock worth $450,000 after purchasing an additional 7,108 shares during the period. Finally, Credit Agricole S A raised its holdings in Virtu Financial by 48.6% in the first quarter. Credit Agricole S A now owns 59,179 shares of the financial services provider's stock worth $2,256,000 after purchasing an additional 19,346 shares during the period. 45.78% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Stock Up 0.3%

VIRT stock traded up $0.11 during midday trading on Wednesday, hitting $41.46. The company's stock had a trading volume of 259,639 shares, compared to its average volume of 938,628. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. Virtu Financial, Inc. has a twelve month low of $29.82 and a twelve month high of $45.77. The company's fifty day moving average price is $43.16 and its 200 day moving average price is $40.34. The stock has a market capitalization of $6.34 billion, a P/E ratio of 12.00, a PEG ratio of 1.14 and a beta of 0.69.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a $0.24 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. Virtu Financial's dividend payout ratio (DPR) is currently 21.82%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group reaffirmed a "neutral" rating and set a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. Morgan Stanley raised their price objective on Virtu Financial from $31.00 to $35.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Bank of America downgraded Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price objective on the stock. in a research note on Thursday, May 15th. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Piper Sandler boosted their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $39.75.

Insider Buying and Selling

In other Virtu Financial news, COO Brett Fairclough sold 90,701 shares of the 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 legal filing with the Securities & Exchange Commission, which is available at this link. 47.20% of the stock is currently owned by corporate 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.