M Holdings Securities Inc. Acquires Shares of 100,000 Virtu Financial Inc (NASDAQ:VIRT)

M Holdings Securities Inc. acquired a new stake in shares of Virtu Financial Inc (NASDAQ:VIRT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the financial services provider’s stock, valued at approximately $2,375,000.

Several other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in Virtu Financial in the first quarter worth about $807,000. Callodine Capital Management LP lifted its stake in Virtu Financial by 20.2% in the first quarter. Callodine Capital Management LP now owns 257,049 shares of the financial services provider’s stock worth $6,105,000 after purchasing an additional 43,264 shares during the last quarter. TCW Group Inc. bought a new stake in shares of Virtu Financial during the first quarter valued at approximately $238,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Virtu Financial by 124.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,287,025 shares of the financial services provider’s stock valued at $54,317,000 after acquiring an additional 1,267,225 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Virtu Financial by 3.9% during the first quarter. Private Advisor Group LLC now owns 38,579 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 1,444 shares in the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.

In other news, EVP Stephen Cavoli sold 7,500 shares of Virtu Financial stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $23.48, for a total transaction of $176,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 63.70% of the company’s stock.

NASDAQ:VIRT opened at $21.61 on Monday. Virtu Financial Inc has a 12 month low of $19.65 and a 12 month high of $30.45. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $4.11 billion, a PE ratio of 11.03, a P/E/G ratio of 2.84 and a beta of -0.56.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.06). Virtu Financial had a return on equity of 19.13% and a net margin of 7.56%. The company had revenue of $363.00 million for the quarter, compared to analyst estimates of $245.86 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was down 55.5% on a year-over-year basis. On average, equities analysts predict that Virtu Financial Inc will post 1.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.44%. Virtu Financial’s payout ratio is currently 48.98%.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of Virtu Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, May 13th. ValuEngine downgraded shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. UBS Group decreased their price target on shares of Virtu Financial from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Zacks Investment Research raised shares of Virtu Financial from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Saturday, April 13th. Finally, TheStreet lowered shares of Virtu Financial from a “b” rating to a “c+” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.63.

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Virtu Financial Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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