NBC Securities Inc. grew its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 101,925.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,162 shares of the financial services provider's stock after buying an additional 8,154 shares during the quarter. NBC Securities Inc.'s holdings in Virtu Financial were worth $311,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in Virtu Financial by 4,474.9% during the first quarter. GAMMA Investing LLC now owns 260,131 shares of the financial services provider's stock valued at $9,916,000 after acquiring an additional 254,445 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Virtu Financial during the 4th quarter valued at approximately $954,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Virtu Financial by 26.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,657 shares of the financial services provider's stock valued at $594,000 after purchasing an additional 3,468 shares during the period. Brucke Financial Inc. acquired a new position in shares of Virtu Financial in the 4th quarter valued at $240,000. Finally, Virtue Capital Management LLC boosted its holdings in Virtu Financial by 6.8% during the fourth quarter. Virtue Capital Management LLC now owns 28,967 shares of the financial services provider's stock worth $1,034,000 after buying an additional 1,849 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.
Insider Transactions at Virtu Financial
In related news, Director John Nixon sold 6,965 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $42.82, for a total transaction of $298,241.30. Following the completion of the sale, the director now directly owns 33,923 shares in the company, valued at approximately $1,452,582.86. This trade represents a 17.03% decrease in their ownership of the stock. 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 178,320 shares of Virtu Financial stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $38.57, for a total transaction of $6,877,802.40. Following the transaction, the chief executive officer now directly owns 408,867 shares in the company, valued at $15,770,000.19. This trade represents a 30.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 362,846 shares of company stock worth $14,079,615 in the last ninety days. Insiders own 47.20% of the company's stock.
Virtu Financial Price Performance
Shares of Virtu Financial stock traded down $1.49 during mid-day trading on Tuesday, reaching $39.90. 814,477 shares of the stock traded hands, compared to its average volume of 1,161,053. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. Virtu Financial, Inc. has a fifty-two week low of $21.59 and a fifty-two week high of $44.58. The stock has a market capitalization of $6.15 billion, a PE ratio of 13.43, a PEG ratio of 1.43 and a beta of 0.68. The business has a 50-day moving average of $39.57 and a 200 day moving average of $37.90.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results 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. The business had revenue of $497.14 million during the quarter, compared to analysts' expectations of $444.23 million. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. The company's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. On average, analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.
Virtu Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, May 30th. Virtu Financial's dividend payout ratio is currently 27.75%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on VIRT. Wall Street Zen cut shares of Virtu Financial from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Morgan Stanley lifted their price target on Virtu Financial from $26.00 to $28.00 and gave the company an "underweight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Evercore ISI raised their price objective on Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Finally, UBS Group reiterated a "neutral" rating and set a $40.00 target price (up previously from $38.00) on shares of Virtu Financial in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $37.25.
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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