Virtu Financial Inc. (VIRT) Stock Price Down 1.6%
Virtu Financial Inc. (NASDAQ:VIRT) shares traded down 1.6% during mid-day trading on Wednesday . The company traded as low as $17.60 and last traded at $17.66, with a volume of 228,418 shares changing hands. The stock had previously closed at $17.94.
A number of research analysts have issued reports on the company. Credit Suisse Group AG reissued a “sell” rating on shares of Virtu Financial in a report on Sunday, April 10th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $24.50 target price (down from $26.00) on shares of Virtu Financial in a research note on Tuesday, April 5th.
The firm’s market capitalization is $675.23 million. The firm’s 50 day moving average price is $17.71 and its 200 day moving average price is $20.63.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.31 earnings per share 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. Equities research analysts predict that Virtu Financial Inc. will post $1.20 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were given a dividend of $0.24 per share. The ex-dividend date was Friday, May 27th. This represents a $0.96 annualized dividend and a dividend yield of 5.44%.
In other news, SVP Venu Palaparthi bought 2,000 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average cost of $17.36 per share, for a total transaction of $34,720.00. Following the completion of the transaction, the senior vice president now owns 3,032 shares of the company’s stock, valued at $52,635.52. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
A number of institutional investors have recently bought and sold shares of VIRT. Nationwide Fund Advisors increased its position 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 bought a new stake in shares of Virtu Financial during the fourth quarter valued at $1,127,000. First Trust Advisors LP boosted its stake 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 bought a new stake in shares of Virtu Financial during the fourth quarter valued at $2,335,000. Finally, Gratus Capital LLC boosted its stake 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.