Strs Ohio Buys Shares of 7,582 Virtu Financial Inc (VIRT)
Strs Ohio bought a new position in Virtu Financial Inc (NASDAQ:VIRT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,582 shares of the financial services provider’s stock, valued at approximately $201,000.
A number of other institutional investors have also recently modified their holdings of the stock. Summit Trail Advisors LLC boosted its holdings in shares of Virtu Financial by 2,855.4% during the 1st quarter. Summit Trail Advisors LLC now owns 478,953 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 462,747 shares during the last quarter. Smith Asset Management Group LP bought a new position in shares of Virtu Financial during the 2nd quarter valued at about $9,919,000. Bank of Montreal Can boosted its holdings in shares of Virtu Financial by 4,189.9% during the 2nd quarter. Bank of Montreal Can now owns 302,954 shares of the financial services provider’s stock valued at $8,044,000 after purchasing an additional 295,892 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Virtu Financial by 536,926.2% during the 2nd quarter. Sei Investments Co. now owns 225,551 shares of the financial services provider’s stock valued at $5,988,000 after purchasing an additional 225,509 shares during the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in shares of Virtu Financial during the 2nd quarter valued at about $5,629,000. 54.15% of the stock is owned by institutional investors.
Shares of NASDAQ:VIRT opened at $21.85 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.70. Virtu Financial Inc has a 12 month low of $13.10 and a 12 month high of $37.85. The stock has a market capitalization of $3.99 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 2.77 and a beta of -0.78.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Thursday, August 30th. Virtu Financial’s payout ratio is 168.42%.
In other Virtu Financial news, Director John Nixon purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was purchased at an average price of $20.15 per share, with a total value of $100,750.00. Following the acquisition, the director now owns 24,894 shares in the company, valued at $501,614.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 73.50% of the stock is currently owned by company insiders.
VIRT has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Virtu Financial in a report on Wednesday, May 23rd. They set a “buy” rating and a $37.00 price objective for the company. BidaskClub downgraded shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Thursday, May 24th. Zacks Investment Research downgraded shares of Virtu Financial from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. Citigroup dropped their price objective on shares of 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 reissued a “buy” rating and set a $27.00 price objective on shares of Virtu Financial in a report on Friday, July 27th. One research 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 has an average rating of “Hold” and an average price target of $30.80.
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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