Virtu Financial, Inc. (NASDAQ:VIRT) Holdings Raised by Focus Partners Wealth

Focus Partners Wealth boosted its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 901,566 shares of the financial services provider’s stock after acquiring an additional 592 shares during the quarter. Focus Partners Wealth’s holdings in Virtu Financial were worth $32,168,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VIRT. R Squared Ltd bought a new position in shares of Virtu Financial in the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC bought a new position in Virtu Financial during the 4th quarter valued at $28,000. Smartleaf Asset Management LLC increased its position in shares of Virtu Financial by 172.7% during 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 during the period. Albion Financial Group UT bought a new stake in shares of Virtu Financial in the 4th quarter worth $45,000. Finally, SBI Securities Co. Ltd. bought a new position in Virtu Financial during the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Virtu Financial from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 24th. UBS Group reissued a “neutral” rating and set a $40.00 target price (up from $38.00) on shares of Virtu Financial in a research note on Thursday, April 24th. Evercore ISI lifted their price target on shares of Virtu Financial from $41.00 to $42.00 and gave the stock an “in-line” rating in a research report on Thursday, April 24th. Morgan Stanley increased their price objective on Virtu Financial from $26.00 to $28.00 and gave the company an “underweight” rating in a research report on Thursday, April 24th. Finally, Bank of America decreased their target price on Virtu Financial from $56.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Virtu Financial currently has a consensus rating of “Hold” and an average target price of $37.88.

Virtu Financial Stock Performance

Shares of Virtu Financial stock opened at $43.15 on Friday. Virtu Financial, Inc. has a 12 month low of $21.55 and a 12 month high of $43.45. 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 stock has a market cap of $6.65 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The business has a fifty day simple moving average of $37.77 and a 200-day simple moving average of $36.75.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.30 EPS 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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. On average, sell-side analysts anticipate that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.24 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.96 annualized dividend and a yield of 2.22%. Virtu Financial’s dividend payout ratio is presently 27.75%.

Insiders Place Their Bets

In related news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 157,703 shares in the company, valued at approximately $5,899,669.23. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas A. Cifu sold 177,561 shares of Virtu Financial stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $38.88, for a total transaction of $6,903,571.68. Following the completion of the sale, the chief executive officer now owns 231,306 shares of the company’s stock, valued at $8,993,177.28. This trade represents a 43.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 496,848 shares of company stock worth $18,995,338 in the last quarter. 47.20% of the stock is currently owned by corporate insiders.

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.