Hussman Strategic Advisors Inc. Acquires Shares of 63,000 Virtu Financial, Inc. $VIRT

Hussman Strategic Advisors Inc. acquired a new position in Virtu Financial, Inc. (NASDAQ:VIRT) in the second quarter, HoldingsChannel.com reports. The fund acquired 63,000 shares of the financial services provider’s stock, valued at approximately $2,822,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Virtu Financial by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 9,568,548 shares of the financial services provider’s stock valued at $364,753,000 after purchasing an additional 165,396 shares in the last quarter. Invesco Ltd. increased its position in shares of Virtu Financial by 83.6% in the first 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. AQR Capital Management LLC increased its position in shares of Virtu Financial by 50.9% in the first 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 raised its stake in shares of Virtu Financial by 13.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,202,847 shares of the financial services provider’s stock worth $53,876,000 after buying an additional 139,836 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Virtu Financial by 3.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 960,406 shares of the financial services provider’s stock worth $41,662,000 after buying an additional 30,296 shares during the period. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Stock Performance

VIRT opened at $34.90 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $35.86 and its 200 day moving average price is $39.88. The firm has a market capitalization of $5.33 billion, a PE ratio of 10.09, a PEG ratio of 1.14 and a beta of 0.62. Virtu Financial, Inc. has a twelve month low of $31.10 and a twelve month high of $45.77.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Tuesday, March 12th. The financial services provider reported $0.37 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 for the quarter. As a group, sell-side analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Virtu Financial’s dividend payout ratio is presently 20.78%.

Insider Activity at Virtu Financial

In other news, COO Brett Fairclough sold 90,701 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 47.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Virtu Financial 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.