Virtu Financial Inc. (VIRT) Trading Down 0.9%
Virtu Financial Inc. (NASDAQ:VIRT) shares fell 0.9% on Tuesday . The stock traded as low as $17.78 and last traded at $17.84, with a volume of 80,478 shares. The stock had previously closed at $18.00.
Several research firms have weighed in on VIRT. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Virtu Financial in a research report on Sunday, April 10th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $24.50 price target (down previously from $26.00) on shares of Virtu Financial in a research report on Tuesday, April 5th.
The firm has a 50-day moving average price of $17.76 and a 200-day moving average price of $20.48. The firm’s market cap is $669.11 million.
Virtu Financial (NASDAQ:VIRT) last released its earnings results on Wednesday, May 4th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by $0.04. The company earned $192.60 million during the quarter, compared to analyst estimates of $134.72 million. On average, equities research analysts anticipate that Virtu Financial Inc. will post $1.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a dividend of $0.24 per share. The ex-dividend date was Friday, May 27th. This represents a $0.96 annualized dividend and a yield of 5.47%.
In other Virtu Financial news, SVP Venu Palaparthi bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average price of $17.36 per share, with a total value of $34,720.00. Following the completion of the purchase, the senior vice president now directly owns 3,032 shares of the company’s stock, valued at approximately $52,635.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Other large investors have added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its stake in Virtu Financial by 454.9% in the fourth quarter. Nationwide Fund Advisors now owns 67,069 shares of the company’s stock valued at $1,518,000 after buying an additional 54,982 shares in the last quarter. Swiss National Bank purchased a new position in shares of Virtu Financial during the fourth quarter valued at about $1,127,000. First Trust Advisors LP raised its position in shares of Virtu Financial by 0.5% in the fourth quarter. First Trust Advisors LP now owns 100,048 shares of the company’s stock valued at $2,265,000 after buying an additional 464 shares during the last quarter. Boston Partners purchased a new position in shares of Virtu Financial during the fourth quarter valued at about $2,335,000. Finally, Gratus Capital LLC raised its position in shares of Virtu Financial by 7.8% in the fourth quarter. Gratus Capital LLC now owns 104,371 shares of the company’s stock valued at $2,363,000 after buying an additional 7,545 shares during the last quarter.
Virtu Financial, Inc is a financial holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets. The Company is engaged in buying and selling securities and other financial instruments. The Company provides liquidity and competitive pricing in foreign currency markets directly to market participants on its own trading platform called VFX and through other customized liquidity arrangements.
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