Virtu Financial, Inc. (VIRT) Position Boosted by HighTower Advisors LLC
HighTower Advisors LLC boosted its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 86.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,219 shares of the financial services provider’s stock after acquiring an additional 62,845 shares during the quarter. HighTower Advisors LLC owned 0.33% of Virtu Financial worth $2,390,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP boosted its holdings in Virtu Financial by 1,479.0% during the 1st quarter. Quantbot Technologies LP now owns 6,316 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 5,916 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Virtu Financial during the 1st quarter valued at $109,000. WBI Investments Inc. purchased a new position in Virtu Financial during the 2nd quarter valued at $194,000. American International Group Inc. boosted its holdings in Virtu Financial by 7.1% during the 1st quarter. American International Group Inc. now owns 15,512 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 1,023 shares during the period. Finally, US Bancorp DE boosted its holdings in Virtu Financial by 80.1% during the 1st quarter. US Bancorp DE now owns 16,312 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 7,256 shares during the period. Institutional investors own 21.91% of the company’s stock.
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Shares of Virtu Financial, Inc. (NASDAQ VIRT) opened at 16.85 on Friday. Virtu Financial, Inc. has a one year low of $12.35 and a one year high of $19.07. The stock has a market capitalization of $1.47 billion, a PE ratio of 36.63 and a beta of 0.32. The firm has a 50 day moving average price of $17.04 and a 200 day moving average price of $16.59.
Virtu Financial (NASDAQ:VIRT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ 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 net margin of 3.42% and a return on equity of 16.54%. The company’s revenue for the quarter was down 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. Analysts predict that Virtu Financial, Inc. will post $0.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.70%. Virtu Financial’s dividend payout ratio (DPR) is presently 188.24%.
A number of equities analysts recently issued reports on VIRT shares. Zacks Investment Research upgraded Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Citigroup Inc. cut Virtu Financial from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $17.00 to $16.00 in a report on Wednesday, July 12th. BidaskClub cut Virtu Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $16.00 target price on shares of Virtu Financial in a report on Thursday, August 10th. Finally, Rosenblatt Securities assumed coverage on Virtu Financial in a report on Friday, September 15th. They issued a “neutral” rating and a $18.00 target price for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.17.
In related news, major shareholder North Island Ventures, Llc bought 338,124 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $15.44 per share, for a total transaction of $5,220,634.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Holdings (Private) Ltd Temasek bought 6,346,155 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was bought at an average price of $15.60 per share, with a total value of $99,000,018.00. The disclosure for this purchase can be found here. Company insiders own 69.90% of the company’s stock.
About Virtu Financial
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.
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