Virtu Financial Inc. (VIRT) Sees Large Volume Increase
Shares of Virtu Financial Inc. (NASDAQ:VIRT) saw unusually-strong trading volume on Friday . Approximately 321,935 shares traded hands during trading, a decline of 6% from the previous session’s volume of 341,938 shares.The stock last traded at $17.43 and had previously closed at $17.29.
Separately, Credit Suisse Group AG reiterated a “sell” rating and set a $16.50 price objective on shares of Virtu Financial in a research note on Wednesday, June 29th.
The firm has a market cap of $665.29 million and a price-to-earnings ratio of 16.65. The firm has a 50-day moving average price of $17.10 and a 200-day moving average price of $19.29.
Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.24. During the same quarter in the prior year, the business earned $0.27 EPS. The company earned $174.20 million during the quarter, compared to the consensus estimate of $105.12 million. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Virtu Financial Inc. will post $1.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.52%.
In other news, CEO Douglas A. Cifu bought 60,000 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was acquired at an average cost of $16.51 per share, with a total value of $990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at approximately $990,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
A hedge fund recently bought a new stake in Virtu Financial stock. Swiss National Bank purchased a new position in shares of Virtu Financial Inc. (NASDAQ:VIRT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,800 shares of the company’s stock, valued at approximately $1,127,000. Swiss National Bank owned 0.15% of Virtu Financial as of its most recent SEC filing.
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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