Virtu Financial, Inc. (VIRT) to Distribute Quarterly Dividend of $0.24 on December 15th

Virtu Financial, Inc. (NYSE:VIRT) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.24 per share on Tuesday, December 15th. This represents a $0.96 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, December 1st.

Virtu Financial has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Virtu Financial to earn $6.31 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 15.2%.

Virtu Financial Trading Up 0.2%

NYSE:VIRT opened at $54.05 on Friday. The company has a market cap of $8.39 billion, a PE ratio of 8.99, a P/E/G ratio of 0.39 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $57.63 and its two-hundred day moving average is $52.43. Virtu Financial has a 52 week low of $31.55 and a 52 week high of $68.76.

Virtu Financial (NYSE:VIRT) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.52 by $0.25. The company had revenue of $956.39 million during the quarter, compared to analysts’ expectations of $647.02 million. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. Virtu Financial’s revenue was up 147.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. On average, analysts predict that Virtu Financial will post 6.46 EPS for the current year.

Insider Transactions at Virtu Financial

In related news, Director John Nixon sold 9,094 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $60.13, for a total value of $546,822.22. Following the transaction, the director owned 30,902 shares in the company, valued at $1,858,137.26. The trade was a 22.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph Grano, Jr. sold 8,400 shares of Virtu Financial stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $60.94, for a total transaction of $511,896.00. Following the completion of the sale, the director directly owned 33,814 shares of the company’s stock, valued at $2,060,625.16. The trade was a 19.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 46.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VIRT. Tidal Investments LLC bought a new position in shares of Virtu Financial in the second quarter worth approximately $1,792,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Virtu Financial during the second quarter worth about $1,001,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Virtu Financial by 41.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company’s stock worth $85,607,000 after acquiring an additional 569,057 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Virtu Financial in the 2nd quarter worth about $1,404,000. Finally, Wellington Management Group LLP increased its stake in shares of Virtu Financial by 39.8% in the second quarter. Wellington Management Group LLP now owns 782,114 shares of the company’s stock worth $46,591,000 after acquiring an additional 222,859 shares during the last quarter. 45.78% of the stock is owned by institutional investors.

About Virtu Financial

Virtu Financial, Inc is a global financial services company that provides liquidity, trading, and technology solutions to the financial markets. Through its market-making business, Virtu facilitates trading in a broad range of products, including equities, exchange-traded funds, options, fixed income, foreign exchange, commodities, and certain digital assets.

The company also operates an execution services business that provides trading and workflow technology to institutional investors, asset managers, broker-dealers, and other financial institutions.