Swiss National Bank Increases Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Swiss National Bank lifted its position in Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) by 9.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 217,900 shares of the financial services provider’s stock after purchasing an additional 18,700 shares during the quarter. Swiss National Bank’s holdings in Virtu Financial were worth $5,101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Treasurer of the State of North Carolina raised its stake in shares of Virtu Financial by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 32,301 shares of the financial services provider’s stock worth $1,202,000 after purchasing an additional 505 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of Virtu Financial by 2.8% in the second quarter. Clear Harbor Asset Management LLC now owns 32,301 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 880 shares during the last quarter. Mirador Capital Partners LP raised its stake in shares of Virtu Financial by 1.1% in the second quarter. Mirador Capital Partners LP now owns 86,525 shares of the financial services provider’s stock worth $2,026,000 after purchasing an additional 916 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Virtu Financial by 9.8% in the second quarter. Assenagon Asset Management S.A. now owns 10,420 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 933 shares during the last quarter. Finally, Congress Asset Management Co. MA raised its stake in shares of Virtu Financial by 0.5% in the second quarter. Congress Asset Management Co. MA now owns 228,063 shares of the financial services provider’s stock worth $5,339,000 after purchasing an additional 1,190 shares during the last quarter. 50.91% of the stock is currently owned by hedge funds and other institutional investors.

Virtu Financial Stock Down 1.1 %

Shares of VIRT opened at $22.29 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. Virtu Financial, Inc. has a 12 month low of $20.42 and a 12 month high of $38.63. The stock’s 50 day moving average is $22.03 and its two-hundred day moving average is $23.23. The firm has a market cap of $3.77 billion, a P/E ratio of 7.38 and a beta of 0.03.

Virtu Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Wednesday, November 30th. Virtu Financial’s payout ratio is currently 31.79%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Piper Sandler reduced their price target 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. StockNews.com assumed coverage on Virtu Financial in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup assumed coverage on Virtu Financial in a research report on Tuesday, October 11th. They set a “buy” rating and a $26.00 price target for the company. Morgan Stanley lifted their price target on Virtu Financial from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, November 10th. Finally, UBS Group reduced their price target 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 issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.50.

Insider Buying and Selling at Virtu Financial

In other news, Director Joanne Minieri purchased 4,000 shares of the stock in a transaction dated Monday, November 7th. The shares were purchased at an average cost of $22.63 per share, with a total value of $90,520.00. Following the completion of the purchase, the director now directly owns 16,187 shares of the company’s stock, valued at approximately $366,311.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 42.10% of the stock is owned by corporate insiders.

Virtu Financial 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.

Read More

Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. (NASDAQ:VIRTGet Rating).

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

Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.