Prana Capital Management LP bought a new stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,612 shares of the financial services provider's stock, valued at approximately $985,000.
Several other large investors have also bought and sold shares of the stock. FMR LLC lifted its position in shares of Virtu Financial by 28.2% during the fourth quarter. FMR LLC now owns 6,375,783 shares of the financial services provider's stock valued at $227,488,000 after purchasing an additional 1,401,688 shares in the last quarter. Northern Trust Corp lifted its position in shares of Virtu Financial by 48.2% during the 4th quarter. Northern Trust Corp now owns 1,448,866 shares of the financial services provider's stock worth $51,696,000 after buying an additional 471,526 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Virtu Financial in the 4th quarter worth approximately $39,993,000. Los Angeles Capital Management LLC grew its holdings in shares of Virtu Financial by 5.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,031,630 shares of the financial services provider's stock valued at $36,809,000 after acquiring an additional 52,800 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Virtu Financial by 180.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 948,590 shares of the financial services provider's stock valued at $33,846,000 after acquiring an additional 609,821 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors.
Virtu Financial Trading Up 0.2%
NASDAQ:VIRT traded up $0.10 during trading hours on Tuesday, hitting $42.24. The company had a trading volume of 262,019 shares, compared to its average volume of 1,188,042. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. The stock has a 50-day moving average price of $38.49 and a 200 day moving average price of $37.25. The company has a market capitalization of $6.51 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. Virtu Financial, Inc. has a 52 week low of $21.55 and a 52 week high of $44.58.
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 analysts' consensus estimates of $0.99 by $0.31. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. The firm had revenue of $497.14 million for the quarter, compared to analyst estimates of $444.23 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The company's revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities research analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.
Virtu Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, May 30th. Virtu Financial's dividend payout ratio is currently 27.75%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Bank of America cut shares of Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 target price on the stock. in a research note on Thursday, May 15th. Morgan Stanley boosted their price objective on shares of Virtu Financial from $26.00 to $28.00 and gave the company an "underweight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Evercore ISI increased their target price on Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $40.00 price objective (up previously from $38.00) on shares of Virtu Financial in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $37.25.
Read Our Latest Analysis on Virtu Financial
Insider Activity
In related news, CEO Douglas A. Cifu sold 177,561 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $38.88, for a total value of $6,903,571.68. Following the sale, the chief executive officer now owns 231,306 shares in the company, valued at $8,993,177.28. This represents a 43.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Nixon sold 6,965 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 33,923 shares of the company's stock, valued at approximately $1,452,582.86. This trade represents a 17.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 362,846 shares of company stock worth $14,079,615 in the last quarter. 47.20% of the stock is owned by company insiders.
Virtu Financial Company 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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