Dupont Capital Management Corp Buys Shares of 9,960 Virtu Financial, Inc. (NASDAQ:VIRT)

Dupont Capital Management Corp bought a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,960 shares of the financial services provider’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VIRT. First Bank & Trust grew its holdings in shares of Virtu Financial by 3.5% during the third quarter. First Bank & Trust now owns 20,307 shares of the financial services provider’s stock valued at $421,000 after buying an additional 679 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Virtu Financial by 128.9% during the third quarter. Ronald Blue Trust Inc. now owns 1,403 shares of the financial services provider’s stock valued at $33,000 after buying an additional 790 shares during the last quarter. Clear Harbor Asset Management LLC grew its holdings in shares of Virtu Financial by 2.8% during the second quarter. Clear Harbor Asset Management LLC now owns 32,301 shares of the financial services provider’s stock valued at $756,000 after buying an additional 880 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Virtu Financial by 3.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 30,980 shares of the financial services provider’s stock valued at $725,000 after buying an additional 892 shares during the last quarter. Finally, Credit Suisse AG grew its holdings in shares of Virtu Financial by 1.1% during the second quarter. Credit Suisse AG now owns 79,418 shares of the financial services provider’s stock valued at $1,859,000 after buying an additional 895 shares during the last quarter. Institutional investors own 50.17% of the company’s stock.

Analyst Upgrades and Downgrades

VIRT has been the topic of several research reports. StockNews.com initiated coverage on shares of Virtu Financial in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Piper Sandler dropped their target price on shares of Virtu Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, January 11th. UBS Group dropped their target price on shares of Virtu Financial from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, January 6th. Citigroup cut shares of Virtu Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $26.00 to $22.50 in a report on Thursday, January 12th. Finally, Morgan Stanley dropped their target price on shares of Virtu Financial from $20.00 to $19.00 and set an “underweight” rating on the stock in a report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued 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 $27.94.

Insider Activity

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

Virtu Financial Stock Down 2.1 %

VIRT opened at $20.14 on Tuesday. 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 1-year low of $19.59 and a 1-year high of $38.63. The company has a market capitalization of $3.40 billion, a PE ratio of 6.67 and a beta of 0.04. The firm’s 50 day simple moving average is $21.38 and its two-hundred day simple moving average is $22.21.

Virtu Financial (NASDAQ:VIRT – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. Virtu Financial had a net margin of 13.27% and a return on equity of 38.81%. The business had revenue of $331.14 million for the quarter, compared to the consensus estimate of $307.23 million. As a group, equities analysts forecast that Virtu Financial, Inc. will post 2.92 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, November 30th. This represents a $0.96 annualized dividend and a dividend yield of 4.77%. Virtu Financial’s payout ratio is 31.79%.

Virtu Financial Company Profile

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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.