Virtu Financial Inc. (VIRT) Trading Down 1.7%
Shares of Virtu Financial Inc. (NASDAQ:VIRT) were down 1.7% during trading on Wednesday . The stock traded as low as $16.27 and last traded at $16.45, with a volume of 255,065 shares. The stock had previously closed at $16.74.
Several analysts have commented on VIRT shares. Goldman Sachs Group Inc. restated a “buy” rating and issued a $24.50 price objective (down from $26.00) on shares of Virtu Financial in a report on Tuesday, April 5th. Credit Suisse Group AG restated a “sell” rating and issued a $16.50 price objective on shares of Virtu Financial in a report on Wednesday, June 29th.
The stock’s 50-day moving average is $17.55 and its 200-day moving average is $19.96. The firm’s market capitalization is $625.14 million.
Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $174.20 million for the quarter, compared to analysts’ expectations of $105.12 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that Virtu Financial Inc. will post $1.12 EPS for the current fiscal year.
In other news, SVP Venu Palaparthi purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average cost of $17.36 per share, for a total transaction of $34,720.00. Following the acquisition, the senior vice president now 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 can be accessed through the SEC website.
Other institutional investors have recently modified their holdings of the company. UBS Oconnor LLC purchased a new position in shares of Virtu Financial during the fourth quarter valued at approximately $1,077,000. Swiss National Bank purchased a new position in shares of Virtu Financial during the fourth quarter valued at approximately $1,127,000. Nationwide Fund Advisors increased its position in shares of 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 during the last quarter. First Trust Advisors LP increased 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. Finally, Boston Partners purchased a new position in shares of Virtu Financial during the fourth quarter valued at approximately $2,335,000.
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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