MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 812,749 shares of the financial services provider's stock after purchasing an additional 38,797 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.53% of Virtu Financial worth $28,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VIRT. R Squared Ltd bought a new stake in shares of Virtu Financial in the fourth quarter valued at about $25,000. Kestra Investment Management LLC purchased a new position in Virtu Financial during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC raised its holdings in shares of Virtu Financial by 172.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 551 shares in the last quarter. Albion Financial Group UT bought a new stake in shares of Virtu Financial in the 4th quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Virtu Financial in the 4th quarter worth approximately $47,000. 45.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on VIRT. Evercore ISI lifted their price objective on shares of Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Bank of America cut Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 target price on the stock. in a research report on Thursday. Morgan Stanley increased their target price on Virtu Financial from $26.00 to $28.00 and gave the company an "underweight" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Finally, UBS Group reaffirmed 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 issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $37.25.

Virtu Financial Stock Up 1.1%

Shares of Virtu Financial stock traded up $0.47 during trading on Friday, reaching $41.45. The company's stock had a trading volume of 939,160 shares, compared to its average volume of 1,193,622. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 1.43 and a beta of 0.68. Virtu Financial, Inc. has a 1-year low of $21.55 and a 1-year high of $44.58. The company has a 50-day simple moving average of $38.35 and a two-hundred day simple moving average of $37.13.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.31. The firm had revenue of $497.14 million during the quarter, compared to analysts' expectations of $444.23 million. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. The business's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. As a group, equities analysts forecast that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.32%. Virtu Financial's dividend payout ratio (DPR) is 27.75%.

Insider Buying and Selling

In related news, Director John Nixon sold 6,965 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total value of $298,241.30. Following the completion of the transaction, the director now owns 33,923 shares in the company, valued at $1,452,582.86. This trade represents a 17.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Cavoli sold 34,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total value of $1,271,940.00. Following the completion of the transaction, the executive vice president now owns 157,703 shares of the company's stock, valued at $5,899,669.23. This trade represents a 17.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 396,846 shares of company stock worth $15,351,555 in the last 90 days. Insiders own 47.20% of the company's stock.

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.