Ieq Capital LLC increased its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 74.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,353 shares of the financial services provider's stock after buying an additional 9,093 shares during the quarter. Ieq Capital LLC's holdings in Virtu Financial were worth $814,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group raised its stake in shares of Virtu Financial by 243.0% in the 1st quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 554 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Virtu Financial in the 1st quarter valued at about $32,000. Penserra Capital Management LLC acquired a new stake in shares of Virtu Financial in the 1st quarter valued at about $54,000. SBI Securities Co. Ltd. raised its stake in shares of Virtu Financial by 26.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 345 shares during the period. Finally, Wexford Capital LP acquired a new stake in shares of Virtu Financial in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 45.78% of the company's stock.
Virtu Financial Price Performance
Shares of NASDAQ VIRT traded down $0.30 during midday trading on Monday, reaching $38.59. The company's stock had a trading volume of 105,934 shares, compared to its average volume of 945,581. Virtu Financial, Inc. has a fifty-two week low of $29.82 and a fifty-two week high of $45.77. The company has a market cap of $5.90 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.14 and a beta of 0.69. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The business's 50 day moving average price is $42.95 and its two-hundred day moving average price is $40.42.
Virtu Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. Virtu Financial's payout ratio is currently 21.82%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on VIRT shares. Morgan Stanley lifted their price target on Virtu Financial from $31.00 to $35.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. UBS Group reiterated a "neutral" rating and set a $45.00 price target (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Wall Street Zen cut Virtu Financial from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Piper Sandler boosted their price objective on Virtu Financial from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Bank of America cut Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $39.75.
View Our Latest Research Report on VIRT
Insider Buying and Selling at Virtu Financial
In related news, COO Brett Fairclough sold 90,701 shares of the business's 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 SEC, which is accessible through this link. 47.20% of the stock is currently owned by corporate insiders.
Virtu Financial Profile
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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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