Lecap Asset Management Ltd. Invests $311,000 in Virtu Financial, Inc. (NASDAQ:VIRT)

Lecap Asset Management Ltd. acquired a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,349 shares of the financial services provider’s stock, valued at approximately $311,000.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Virtu Financial by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 735,611 shares of the financial services provider’s stock valued at $14,903,000 after purchasing an additional 64,086 shares during the period. International Assets Investment Management LLC raised its holdings in Virtu Financial by 1,867.8% in the 4th quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 3,885 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Virtu Financial by 16.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 98,435 shares of the financial services provider’s stock valued at $1,980,000 after acquiring an additional 13,633 shares during the period. Oak Thistle LLC bought a new position in Virtu Financial in the 4th quarter valued at about $389,000. Finally, Bangor Savings Bank raised its holdings in Virtu Financial by 4.2% in the 4th quarter. Bangor Savings Bank now owns 83,384 shares of the financial services provider’s stock valued at $1,689,000 after acquiring an additional 3,358 shares during the period. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Stock Performance

Shares of Virtu Financial stock opened at $20.65 on Tuesday. The firm has a market capitalization of $3.27 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.58 and a beta of 0.40. The company’s 50 day moving average price is $18.84 and its two-hundred day moving average price is $18.65. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.46 and a quick ratio of 0.46. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $21.58.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. The company had revenue of $535.98 million for the quarter, compared to the consensus estimate of $272.96 million. During the same period last year, the company earned $0.32 EPS. On average, equities analysts forecast that Virtu Financial, Inc. will post 1.76 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.24 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.96 annualized dividend and a yield of 4.65%. Virtu Financial’s payout ratio is 68.57%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VIRT. Piper Sandler raised their target price on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup raised their target price on shares of Virtu Financial from $21.00 to $22.50 and gave the stock a “buy” rating in a report on Tuesday, March 26th. UBS Group lowered their target price on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Morgan Stanley raised their target price on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.75.

Insider Activity at Virtu Financial

In other Virtu Financial news, CEO Douglas A. Cifu purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of $16.21 per share, with a total value of $810,500.00. Following the transaction, the chief executive officer now owns 584,132 shares in the company, valued at $9,468,779.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 44.80% of the stock is owned by insiders.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.