AQR Capital Management LLC Has $49.76 Million Stock Holdings in Virtu Financial, Inc. $VIRT

Key Points

• AQR Capital Management LLC increased its stake in Virtu Financial by 50.9% in the first quarter, owning over 1.3 million shares valued at approximately $49.76 million.
• The stock has seen various analyst ratings, with a consensus rating of "Hold" and a target price of $39.75.
• Virtu Financial announced a quarterly dividend of $0.24, reflecting an annualized yield of 2.5% and a payout ratio of 21.82%.

AQR Capital Management LLC increased its position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 50.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,320,356 shares of the financial services provider's stock after buying an additional 445,586 shares during the period. AQR Capital Management LLC owned 0.86% of Virtu Financial worth $49,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its position in Virtu Financial by 243.0% in the first quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider's stock worth $30,000 after acquiring an additional 554 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Virtu Financial in the first quarter worth $32,000. Penserra Capital Management LLC acquired a new position in Virtu Financial during the first quarter worth $54,000. SBI Securities Co. Ltd. raised its holdings in Virtu Financial by 26.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider's stock valued at $64,000 after buying an additional 345 shares in the last quarter. Finally, Krane Funds Advisors LLC bought a new position in Virtu Financial during the first quarter valued at about $213,000. Institutional investors own 45.78% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group restated a "neutral" rating and issued a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. 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. 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 report on Tuesday, July 15th. Piper Sandler upped their target price on shares of Virtu Financial from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen cut Virtu Financial from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.75.

Insider Buying and Selling at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 47.20% of the stock is owned by corporate insiders.

Virtu Financial Trading Down 1.1%

NASDAQ:VIRT traded down $0.43 during mid-day trading on Friday, hitting $36.66. The company had a trading volume of 952,246 shares, compared to its average volume of 967,632. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. Virtu Financial, Inc. has a fifty-two week low of $29.82 and a fifty-two week high of $45.77. The firm has a market cap of $5.60 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.14 and a beta of 0.69. The business's fifty day moving average is $42.29 and its two-hundred day moving average is $40.43.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 29th. Virtu Financial's payout ratio is 21.82%.

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.