Virtu Financial, Inc. (NASDAQ:VIRT) major shareholder North Island Ventures, Llc acquired 338,124 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $15.44 per share, with a total value of $5,220,634.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Virtu Financial, Inc. (NASDAQ VIRT) traded up 1.54% during trading on Thursday, reaching $16.50. The company’s stock had a trading volume of 786,675 shares. Virtu Financial, Inc. has a 12-month low of $12.35 and a 12-month high of $19.07. The stock has a market cap of $673.43 million, a P/E ratio of 35.87 and a beta of 0.39. The stock’s 50-day moving average is $16.86 and its 200-day moving average is $16.81.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.10. The company had revenue of $77.10 million during the quarter, compared to analysts’ expectations of $82.23 million. Virtu Financial had a return on equity of 16.40% and a net margin of 3.42%. The firm’s quarterly revenue was down 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. Equities research analysts anticipate that Virtu Financial, Inc. will post $0.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 5.82%. Virtu Financial’s dividend payout ratio is currently 188.24%.

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A number of research firms have recently commented on VIRT. BidaskClub cut Virtu Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet raised Virtu Financial from a “d-” rating to a “c-” rating in a report on Friday, May 19th. Zacks Investment Research raised Virtu Financial from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Citigroup Inc. cut Virtu Financial from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $17.00 to $16.00 in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $16.00 price target on shares of Virtu Financial in a report on Thursday. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Several hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP boosted its stake in Virtu Financial by 1,479.0% in the first quarter. Quantbot Technologies LP now owns 6,316 shares of the financial services provider’s stock valued at $107,000 after buying an additional 5,916 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Virtu Financial during the first quarter valued at about $109,000. First Bank & Trust boosted its stake in Virtu Financial by 28.4% in the first quarter. First Bank & Trust now owns 8,967 shares of the financial services provider’s stock valued at $152,000 after buying an additional 1,983 shares during the last quarter. WBI Investments Inc. acquired a new stake in Virtu Financial during the second quarter valued at about $194,000. Finally, Eagle Ridge Investment Management acquired a new stake in Virtu Financial during the first quarter valued at about $250,000. 43.88% of the stock is currently owned by institutional investors.

Virtu Financial Company Profile

Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.

Insider Buying and Selling by Quarter for Virtu Financial (NASDAQ:VIRT)

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