Virtu Financial Inc (NASDAQ:VIRT) CEO Douglas A. Cifu purchased 20,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of $16.24 per share, for a total transaction of $324,800.00. Following the transaction, the chief executive officer now owns 255,000 shares of the company’s stock, valued at $4,141,200. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of VIRT stock opened at $16.23 on Friday. Virtu Financial Inc has a 1 year low of $15.32 and a 1 year high of $29.17. The company has a current ratio of 1.22, a quick ratio of 0.63 and a debt-to-equity ratio of 1.78. The firm’s fifty day simple moving average is $16.87 and its 200 day simple moving average is $20.40. The firm has a market capitalization of $3.14 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 3.33 and a beta of -0.55.
Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $245.00 million for the quarter, compared to the consensus estimate of $241.79 million. Virtu Financial had a net margin of 2.55% and a return on equity of 18.75%. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. Equities research analysts anticipate that Virtu Financial Inc will post 0.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.24 per share. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 5.91%. Virtu Financial’s dividend payout ratio (DPR) is 48.98%.
A number of research firms have recently commented on VIRT. Zacks Investment Research raised shares of Virtu Financial from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Sunday, November 3rd. Compass Point set a $18.00 price target on shares of Virtu Financial and gave the company a “hold” rating in a research report on Wednesday, October 9th. ValuEngine raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 11th. UBS Group lowered shares of Virtu Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $21.00 to $17.00 in a research report on Friday. Finally, BidaskClub lowered shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Virtu Financial presently has a consensus rating of “Hold” and an average target price of $21.50.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in Virtu Financial by 208.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,127 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in Virtu Financial by 31.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 5,068 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,222 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Virtu Financial by 39.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,256 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,773 shares in the last quarter. Parallel Advisors LLC lifted its position in Virtu Financial by 32.6% during the 2nd quarter. Parallel Advisors LLC now owns 6,689 shares of the financial services provider’s stock worth $146,000 after buying an additional 1,644 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Virtu Financial during the 2nd quarter worth about $149,000. Institutional investors and hedge funds own 64.93% of the company’s stock.
About Virtu Financial
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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