Virtu Financial Inc. (VIRT) Position Cut by Macquarie Group Ltd.
Macquarie Group Ltd. cut its stake in shares of Virtu Financial Inc. (NASDAQ:VIRT) by 33.2% during the second quarter, Holdings Channel reports. The firm owned 68,310 shares of the company’s stock after selling 33,892 shares during the period. Macquarie Group Ltd. owned 0.18% of Virtu Financial worth $1,230,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. CAPROCK Group Inc. purchased a new stake in shares of Virtu Financial during the second quarter valued at about $180,000. HighTower Advisors LLC increased its stake in shares of Virtu Financial by 1.3% in the second quarter. HighTower Advisors LLC now owns 10,394 shares of the company’s stock valued at $187,000 after buying an additional 138 shares during the period. FDx Advisors Inc. increased its stake in shares of Virtu Financial by 14.1% in the second quarter. FDx Advisors Inc. now owns 10,363 shares of the company’s stock valued at $187,000 after buying an additional 1,278 shares during the period. TFS Capital LLC bought a new stake in shares of Virtu Financial during the second quarter valued at about $193,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Virtu Financial during the second quarter valued at about $211,000. Institutional investors and hedge funds own 94.31% of the company’s stock.
Shares of Virtu Financial Inc. (NASDAQ:VIRT) opened at 16.64 on Wednesday. Virtu Financial Inc. has a 12 month low of $15.88 and a 12 month high of $25.72. The firm has a market capitalization of $636.23 million, a P/E ratio of 15.92 and a beta of -0.05. The firm’s 50-day moving average is $16.74 and its 200 day moving average is $18.73.
Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company earned $174.20 million during the quarter, compared to the consensus estimate of $105.12 million. Virtu Financial had a net margin of 5.15% and a return on equity of 20.34%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts anticipate that Virtu Financial Inc. will post $1.00 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend was Tuesday, August 30th. Virtu Financial’s payout ratio is presently 91.43%.
Separately, Credit Suisse Group AG restated a “sell” rating and set a $16.50 price objective on shares of Virtu Financial in a research report on Wednesday, June 29th.
In other Virtu Financial news, CEO Douglas A. Cifu bought 60,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was bought 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 in the company, valued at approximately $990,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 71.00% of the company’s stock.
Virtu Financial Company Profile
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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