Virtu Financial, Inc. (NASDAQ:VIRT) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its position in Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) by 14.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 17,195 shares of the financial services provider’s stock after acquiring an additional 2,139 shares during the quarter. Cerity Partners LLC’s holdings in Virtu Financial were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Fuller & Thaler Asset Management Inc. raised its stake in shares of Virtu Financial by 93.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,522,975 shares of the financial services provider’s stock worth $93,905,000 after purchasing an additional 1,220,456 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Virtu Financial by 29.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,460,336 shares of the financial services provider’s stock worth $57,595,000 after purchasing an additional 554,953 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Virtu Financial by 11.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,678,929 shares of the financial services provider’s stock worth $39,306,000 after purchasing an additional 167,001 shares during the last quarter. Capital World Investors purchased a new stake in shares of Virtu Financial during the first quarter worth approximately $58,287,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Virtu Financial by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,483,311 shares of the financial services provider’s stock worth $55,212,000 after purchasing an additional 78,044 shares during the last quarter. Hedge funds and other institutional investors own 50.91% of the company’s stock.

Virtu Financial Trading Up 1.6 %

Shares of VIRT stock opened at $21.86 on Friday. Virtu Financial, Inc. has a fifty-two week low of $20.42 and a fifty-two week high of $38.63. The stock has a market cap of $3.69 billion, a P/E ratio of 7.24 and a beta of 0.03. The business has a fifty day simple moving average of $22.03 and a 200-day simple moving average of $23.36. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.07.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given 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 is Wednesday, November 30th. Virtu Financial’s dividend payout ratio is currently 31.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com assumed coverage on Virtu Financial in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup began coverage on Virtu Financial in a research report on Tuesday, October 11th. They issued a “buy” rating and a $26.00 price objective for the company. Piper Sandler cut their price objective on Virtu Financial from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, September 30th. Morgan Stanley increased their price objective on Virtu Financial from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, November 10th. Finally, UBS Group cut their price objective on Virtu Financial from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.50.

Insider Activity

In other news, Director Joanne Minieri purchased 4,000 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was acquired at an average price of $22.63 per share, for a total transaction of $90,520.00. Following the completion of the transaction, the director now directly owns 16,187 shares in the company, valued at approximately $366,311.81. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 42.10% of the company’s stock.

Virtu Financial Company Profile

(Get Rating)

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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