Virtu Financial Inc. (VIRT) Stock Price Up 2.7%
Virtu Financial Inc. (NASDAQ:VIRT)’s share price rose 2.7% during mid-day trading on Tuesday . The company traded as high as $17.21 and last traded at $17.20, with a volume of 144,861 shares changing hands. The stock had previously closed at $16.75.
Separately, Credit Suisse Group AG reaffirmed a “sell” rating and set a $16.50 price target on shares of Virtu Financial in a research note on Wednesday, June 29th.
The stock has a market capitalization of $653.73 million and a PE ratio of 16.21. The stock’s 50-day moving average price is $17.27 and its 200 day moving average price is $19.59.
Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $174.20 million for the quarter, compared to analyst estimates of $105.12 million. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts predict that Virtu Financial Inc. will post $1.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date of this dividend is Tuesday, August 30th.
In other news, SVP Venu Palaparthi bought 2,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was bought at an average price of $17.36 per share, for a total transaction of $34,720.00. Following the completion of the purchase, the senior vice president now owns 3,032 shares of the company’s stock, valued at approximately $52,635.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas A. Cifu bought 60,000 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was purchased at an average price of $16.51 per share, with a total value of $990,600.00. Following the purchase, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at approximately $990,600. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors recently bought and sold shares of the company. UBS Oconnor LLC bought a new position in Virtu Financial during the fourth quarter valued at $1,077,000. Wells Fargo & Company MN boosted its position in Virtu Financial by 14.1% in the fourth quarter. Wells Fargo & Company MN now owns 733,207 shares of the company’s stock valued at $16,600,000 after buying an additional 90,840 shares during the period. Finally, Swiss National Bank bought a new position in Virtu Financial during the fourth quarter valued at $1,127,000.
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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