Vicus Capital Purchases Shares of 6,423 Virtu Financial, Inc. $VIRT

Vicus Capital purchased a new position in Virtu Financial, Inc. (NASDAQ:VIRT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,423 shares of the financial services provider’s stock, valued at approximately $288,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Virtu Financial by 1.8% in the first quarter. Vanguard Group Inc. now owns 9,568,548 shares of the financial services provider’s stock valued at $364,753,000 after purchasing an additional 165,396 shares during the period. Invesco Ltd. raised its position in Virtu Financial by 83.6% in the 1st quarter. Invesco Ltd. now owns 1,473,165 shares of the financial services provider’s stock valued at $56,157,000 after purchasing an additional 670,774 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Virtu Financial by 50.9% in the 1st quarter. AQR Capital Management LLC now owns 1,320,356 shares of the financial services provider’s stock valued at $49,764,000 after buying an additional 445,586 shares during the period. Allianz Asset Management GmbH grew its position in shares of Virtu Financial by 69.5% during the first quarter. Allianz Asset Management GmbH now owns 1,063,011 shares of the financial services provider’s stock worth $40,522,000 after buying an additional 435,958 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Virtu Financial by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 930,110 shares of the financial services provider’s stock worth $35,856,000 after buying an additional 95,692 shares during the period. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Tuesday, July 15th. UBS Group reissued a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Finally, Piper Sandler raised their price target on Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Virtu Financial presently has an average rating of “Hold” and an average target price of $41.29.

Insider Buying and Selling at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The sale was disclosed in a document filed with the SEC, which is available at this link. 46.70% of the stock is currently owned by company insiders.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT opened at $34.24 on Friday. Virtu Financial, Inc. has a 52 week low of $29.82 and a 52 week high of $45.77. The company has a 50-day moving average price of $39.84 and a 200 day moving average price of $40.36. The company has a market cap of $5.23 billion, a P/E ratio of 9.90, a PEG ratio of 1.14 and a beta of 0.69. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 29th. Virtu Financial’s dividend payout ratio (DPR) is currently 21.82%.

About Virtu Financial

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.