Virtu Financial, Inc. $VIRT Stock Holdings Increased by Amundi

Key Points

• Amundi increased its stake in Virtu Financial by 117.6% in the first quarter, acquiring an additional 103,714 shares, bringing its total ownership to approximately $7.2 million.
• The company also announced a quarterly dividend of $0.24 per share, reflecting a 2.5% dividend yield, with the record date set for September 1st.
• Analysts have varying ratings on Virtu Financial, with price targets ranging from $35.00 to $48.00, indicating a consensus rating of Hold among analysts.

Amundi raised its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 117.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,879 shares of the financial services provider's stock after acquiring an additional 103,714 shares during the period. Amundi owned approximately 0.12% of Virtu Financial worth $7,176,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in Virtu Financial by 243.0% during the 1st quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 554 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Virtu Financial in the 1st quarter worth $32,000. Penserra Capital Management LLC bought a new stake in shares of Virtu Financial in the 1st quarter worth $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 worth $64,000 after buying an additional 345 shares in the last quarter. Finally, Krane Funds Advisors LLC bought a new stake in shares of Virtu Financial in the 1st quarter worth $213,000. Institutional investors own 45.78% of the company's stock.

Insider Activity

In other news, COO Brett Fairclough sold 90,701 shares of Virtu Financial stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The sale was disclosed in a filing with the SEC, which is available at this link. 46.70% of the stock is owned by insiders.

Virtu Financial Stock Performance

Shares of NASDAQ VIRT opened at $38.55 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.14 and a beta of 0.69. The stock's fifty day simple moving average is $42.60 and its 200 day simple moving average is $40.41. Virtu Financial, Inc. has a 52-week low of $29.82 and a 52-week high of $45.77.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 2.5%. The ex-dividend date is Friday, August 29th. Virtu Financial's payout ratio is presently 21.82%.

Analyst Ratings Changes

A number of analysts have recently commented on VIRT shares. Piper Sandler boosted their price objective on Virtu Financial from $44.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Morgan Stanley boosted 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. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. 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. Finally, UBS Group reissued a "neutral" rating and issued a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $39.75.

Virtu Financial 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.

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