297,010 Shares in Virtu Financial Inc (VIRT) Purchased by Mirae Asset Global Investments Co. Ltd.
Mirae Asset Global Investments Co. Ltd. bought a new stake in Virtu Financial Inc (NASDAQ:VIRT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 297,010 shares of the financial services provider’s stock, valued at approximately $6,074,000. Mirae Asset Global Investments Co. Ltd. owned 0.16% of Virtu Financial at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in VIRT. Parallel Advisors LLC boosted its holdings in Virtu Financial by 19,303.8% in the third quarter. Parallel Advisors LLC now owns 5,045 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 5,019 shares during the period. Strs Ohio purchased a new position in Virtu Financial in the second quarter valued at $201,000. State of Wisconsin Investment Board purchased a new position in Virtu Financial in the second quarter valued at $203,000. State Board of Administration of Florida Retirement System purchased a new position in Virtu Financial in the second quarter valued at $206,000. Finally, Trexquant Investment LP purchased a new position in Virtu Financial in the third quarter valued at $208,000. Hedge funds and other institutional investors own 55.59% of the company’s stock.
A number of research analysts recently issued reports on VIRT shares. Morgan Stanley started coverage on Virtu Financial in a report on Wednesday, August 8th. They issued an “equal weight” rating and a $22.00 target price for the company. BidaskClub upgraded Virtu Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th. Compass Point initiated coverage on Virtu Financial in a report on Wednesday, September 19th. They set a “neutral” rating and a $23.00 price target for the company. Citigroup reaffirmed a “hold” rating on shares of Virtu Financial in a report on Friday, October 5th. Finally, ValuEngine raised Virtu Financial from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.64.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $177.92 million for the quarter, compared to analysts’ expectations of $171.99 million. Virtu Financial had a return on equity of 19.85% and a net margin of 12.32%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. As a group, equities research analysts forecast that Virtu Financial Inc will post 1.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is presently 168.42%.
Virtu Financial Company Profile
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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