Virtu Financial, Inc. $VIRT Shares Bought by USA Financial Formulas

USA Financial Formulas boosted its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 581.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,778 shares of the financial services provider’s stock after buying an additional 4,930 shares during the period. USA Financial Formulas’ holdings in Virtu Financial were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VIRT. Brooklyn Investment Group raised its holdings in shares of Virtu Financial by 243.0% in the 1st quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 554 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Virtu Financial during the 1st quarter worth $32,000. Jones Financial Companies Lllp raised its stake in Virtu Financial by 1,624.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 942 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Virtu Financial during the 1st quarter worth $54,000. Finally, Farther Finance Advisors LLC grew its position in Virtu Financial by 410.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,297 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 1,043 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Stock Up 0.4%

Shares of NASDAQ:VIRT opened at $34.24 on Friday. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.14 and a beta of 0.69. The firm’s 50-day simple moving average is $39.84 and its 200-day simple moving average is $40.36. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial, Inc. has a fifty-two week low of $29.82 and a fifty-two week high of $45.77.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a $0.24 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. Virtu Financial’s dividend payout ratio (DPR) is 21.82%.

Insider Activity at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $42.40, for a total value of $3,845,722.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on VIRT shares. Morgan Stanley raised their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 15th. Piper Sandler raised their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Finally, UBS Group reissued a “neutral” rating and set a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.29.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.