Virtu Financial, Inc. $VIRT Shares Acquired by Versor Investments LP

Versor Investments LP increased its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 63.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,062 shares of the financial services provider’s stock after buying an additional 10,162 shares during the period. Versor Investments LP’s holdings in Virtu Financial were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VIRT. Invesco Ltd. lifted its position in shares of Virtu Financial by 83.6% during the 1st quarter. Invesco Ltd. now owns 1,473,165 shares of the financial services provider’s stock valued at $56,157,000 after buying an additional 670,774 shares in the last quarter. Nuveen LLC purchased a new position in shares of Virtu Financial during the 1st quarter valued at approximately $18,956,000. AQR Capital Management LLC lifted its position in shares of Virtu Financial by 50.9% during the 1st quarter. AQR Capital Management LLC now owns 1,320,356 shares of the financial services provider’s stock valued at $49,764,000 after buying an additional 445,586 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Virtu Financial by 69.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,063,011 shares of the financial services provider’s stock valued at $40,522,000 after buying an additional 435,958 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Virtu Financial during the 1st quarter valued at approximately $9,918,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Insider Activity

In other Virtu Financial news, COO Brett Fairclough sold 90,701 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total value of $3,845,722.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 47.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VIRT. UBS Group reiterated a “neutral” rating and set a $45.00 target price (up previously from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. The Goldman Sachs Group decreased their target price on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Morgan Stanley raised their price objective on Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Tuesday, July 15th. Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, October 28th. Finally, Piper Sandler raised their price objective on Virtu Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.71.

Virtu Financial Trading Up 0.5%

Shares of VIRT stock opened at $34.80 on Monday. The stock’s fifty day moving average is $36.01 and its two-hundred day moving average is $39.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $5.32 billion, a P/E ratio of 10.06, a PEG ratio of 1.14 and a beta of 0.62. Virtu Financial, Inc. has a fifty-two week low of $30.51 and a fifty-two week high of $45.77.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The business had revenue of $274.00 million during the quarter. Research analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. Virtu Financial’s dividend payout ratio (DPR) is 20.78%.

About Virtu Financial

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.