Virtu Financial, Inc. (NASDAQ:VIRT) CEO Acquires $810,500.00 in Stock

Virtu Financial, Inc. (NASDAQ:VIRTGet Free Report) CEO Douglas A. Cifu purchased 50,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $16.21 per share, with a total value of $810,500.00. Following the purchase, the chief executive officer now owns 584,132 shares in the company, valued at $9,468,779.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Virtu Financial Stock Up 2.0 %

Shares of Virtu Financial stock opened at $16.61 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.52 and a quick ratio of 0.52. The company has a 50-day moving average of $19.04 and a 200 day moving average of $18.44. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 4.09 and a beta of 0.37. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $21.03.

Virtu Financial (NASDAQ:VIRTGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.13). Virtu Financial had a return on equity of 16.51% and a net margin of 6.22%. The business had revenue of $535.98 million during the quarter, compared to the consensus estimate of $272.96 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Virtu Financial, Inc. will post 2.03 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.78%. The ex-dividend date is Thursday, February 29th. Virtu Financial’s dividend payout ratio (DPR) is 68.57%.

Institutional Trading of Virtu Financial

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in shares of Virtu Financial during the 2nd quarter valued at about $25,000. Tower Research Capital LLC TRC boosted its holdings in shares of Virtu Financial by 123.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 883 shares during the last quarter. Quarry LP boosted its holdings in shares of Virtu Financial by 236.4% during the 2nd quarter. Quarry LP now owns 1,581 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,111 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Virtu Financial by 8,400.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,700 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,680 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Virtu Financial by 112.3% during the 4th quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,127 shares during the last quarter. 46.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Virtu Financial from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, January 29th. Citigroup cut their price objective on shares of Virtu Financial from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, January 26th. UBS Group cut their price objective on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Bank of America assumed coverage on shares of Virtu Financial in a research note on Tuesday, November 28th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, StockNews.com cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Virtu Financial has a consensus rating of “Hold” and a consensus price target of $20.17.

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Virtu Financial Company Profile

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Virtu Financial, Inc, a financial services company in New York. The company operates through 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. The company's solutions enable clients to trade on various venues across countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrencies, and other commodities.

Further Reading

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