Stephens Investment Management Group LLC increased its position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 485,557 shares of the financial services provider's stock after buying an additional 34,829 shares during the period. Stephens Investment Management Group LLC owned about 0.31% of Virtu Financial worth $18,509,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in shares of Virtu Financial in the first quarter valued at approximately $32,000. Penserra Capital Management LLC acquired a new position in shares of Virtu Financial in the first quarter valued at approximately $54,000. Huntington National Bank raised its position in shares of Virtu Financial by 528.9% in the fourth quarter. Huntington National Bank now owns 3,182 shares of the financial services provider's stock valued at $114,000 after buying an additional 2,676 shares during the last quarter. AlphaQuest LLC raised its position in shares of Virtu Financial by 2,749.7% in the fourth quarter. AlphaQuest LLC now owns 4,702 shares of the financial services provider's stock valued at $168,000 after buying an additional 4,537 shares during the last quarter. Finally, Wexford Capital LP acquired a new position in shares of Virtu Financial in the fourth quarter valued at approximately $203,000. Institutional investors and hedge funds own 45.78% of the company's stock.
Insider Buying and Selling at Virtu Financial
In other news, Director John Nixon sold 6,965 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $42.82, for a total value of $298,241.30. Following the completion of the transaction, the director directly owned 33,923 shares in the company, valued at approximately $1,452,582.86. This represents a 17.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas A. Cifu sold 178,320 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $38.57, for a total transaction of $6,877,802.40. Following the completion of the transaction, the chief executive officer owned 408,867 shares of the company's stock, 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 sold 362,846 shares of company stock valued at $14,079,615 over the last 90 days. Insiders own 47.20% of the company's stock.
Virtu Financial Trading Down 1.3%
Shares of Virtu Financial stock traded down $0.58 during trading hours on Tuesday, hitting $44.22. The company's stock had a trading volume of 668,768 shares, compared to its average volume of 1,053,947. Virtu Financial, Inc. has a 1-year low of $22.73 and a 1-year high of $45.18. The business has a fifty day moving average of $42.28 and a 200 day moving average of $39.06. The company has a market capitalization of $6.82 billion, a PE ratio of 12.78, a P/E/G ratio of 1.14 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.31. The business had revenue of $497.14 million during the quarter, compared to the consensus estimate of $444.23 million. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The business's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, equities analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.
Virtu Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $0.24 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.17%. Virtu Financial's dividend payout ratio (DPR) is presently 27.75%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on VIRT shares. Wall Street Zen lowered shares of Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 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 report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on shares of 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 upped their price target 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. Finally, Piper Sandler upped their price target on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Virtu Financial currently has a consensus rating of "Hold" and an average price target of $39.13.
View Our Latest Analysis on VIRT
About Virtu Financial
(
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.
See Also
Before you consider Virtu Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Virtu Financial wasn't on the list.
While Virtu Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
