Quantinno Capital Management LP raised its position in Virtu Financial, Inc. (NYSE:VIRT – Free Report) by 39.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 130,351 shares of the company’s stock after acquiring an additional 36,834 shares during the period. Quantinno Capital Management LP owned approximately 0.08% of Virtu Financial worth $5,733,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in VIRT. EverSource Wealth Advisors LLC raised its holdings in Virtu Financial by 103.8% during the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock worth $34,000 after purchasing an additional 387 shares in the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Virtu Financial by 480.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 836 shares of the company’s stock valued at $28,000 after purchasing an additional 692 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Virtu Financial by 51.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock valued at $35,000 after purchasing an additional 332 shares in the last quarter. Quarry LP acquired a new position in Virtu Financial during the 3rd quarter worth approximately $35,000. Finally, Jones Financial Companies Lllp increased its position in Virtu Financial by 1,624.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the company’s stock worth $38,000 after purchasing an additional 942 shares during the period. Hedge funds and other institutional investors own 45.78% of the company’s stock.
Virtu Financial Price Performance
VIRT stock opened at $55.67 on Friday. The firm has a 50 day moving average of $58.72 and a 200-day moving average of $49.47. Virtu Financial, Inc. has a 12-month low of $31.55 and a 12-month high of $68.02. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.40 and a beta of 0.60.
Virtu Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.96 annualized dividend and a yield of 1.7%. Virtu Financial’s dividend payout ratio is 15.95%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Morgan Stanley raised their price target on Virtu Financial from $39.00 to $57.00 and gave the company an “underweight” rating in a report on Friday, July 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Virtu Financial in a report on Friday, May 29th. Zacks Research cut Virtu Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their target price on Virtu Financial from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Virtu Financial from $51.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $58.80.
View Our Latest Research Report on VIRT
Virtu Financial Profile
Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.
The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.
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