Federated Investors Inc. PA bought a new position in shares of Virtu Financial Inc (NASDAQ:VIRT) during the second quarter, HoldingsChannel reports. The fund bought 204,336 shares of the financial services provider’s stock, valued at approximately $5,425,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of Virtu Financial during the second quarter worth approximately $125,000. Successful Portfolios LLC purchased a new stake in shares of Virtu Financial during the first quarter worth approximately $206,000. Lucia Wealth Services LLC purchased a new stake in shares of Virtu Financial during the first quarter worth approximately $206,000. Aperio Group LLC purchased a new stake in shares of Virtu Financial during the first quarter worth approximately $210,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Virtu Financial during the first quarter worth approximately $231,000. Hedge funds and other institutional investors own 54.15% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Zacks Investment Research downgraded Virtu Financial from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. Jefferies Financial Group started coverage on Virtu Financial in a report on Wednesday, May 23rd. They issued a “buy” rating and a $37.00 price target for the company. Citigroup lowered their price target on Virtu Financial from $37.00 to $28.00 and set a “$26.55” rating for the company in a report on Wednesday, July 18th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $27.00 price target on shares of Virtu Financial in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.80.

In related news, CEO Douglas A. Cifu sold 82,521 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $30.17, for a total value of $2,489,658.57. Following the completion of the transaction, the chief executive officer now directly owns 324,637 shares of the company’s stock, valued at $9,794,298.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Nixon acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The stock was purchased at an average cost of $20.15 per share, with a total value of $100,750.00. Following the completion of the acquisition, the director now directly owns 24,894 shares of the company’s stock, valued at approximately $501,614.10. The disclosure for this purchase can be found here. Insiders sold 287,868 shares of company stock valued at $8,655,429 over the last ninety days. 73.50% of the stock is currently owned by corporate insiders.

Shares of VIRT opened at $21.80 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $4.16 billion, a P/E ratio of 38.25, a price-to-earnings-growth ratio of 2.89 and a beta of -0.79. Virtu Financial Inc has a 52-week low of $13.10 and a 52-week high of $37.85.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Friday, July 27th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). The business had revenue of $328.10 million during the quarter, compared to analyst estimates of $236.08 million. Virtu Financial had a net margin of 11.30% and a return on equity of 19.62%. The business’s revenue for the quarter was up 126.4% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. sell-side analysts predict that Virtu Financial Inc will post 1.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Thursday, August 30th. Virtu Financial’s dividend payout ratio (DPR) is 168.42%.

About Virtu Financial

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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