Verition Fund Management LLC purchased a new position in Virtu Financial Inc (NASDAQ:VIRT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,380 shares of the financial services provider’s stock, valued at approximately $1,444,000.

Several other large investors also recently modified their holdings of VIRT. Swiss National Bank boosted its position in shares of Virtu Financial by 3.1% in the first quarter. Swiss National Bank now owns 83,700 shares of the financial services provider’s stock worth $2,762,000 after buying an additional 2,500 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Virtu Financial by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 177,070 shares of the financial services provider’s stock worth $5,844,000 after buying an additional 9,341 shares during the period. Aperio Group LLC acquired a new stake in shares of Virtu Financial in the first quarter worth $210,000. Private Advisor Group LLC acquired a new stake in shares of Virtu Financial in the first quarter worth $533,000. Finally, BlackRock Inc. boosted its position in shares of Virtu Financial by 2.0% in the first quarter. BlackRock Inc. now owns 2,100,566 shares of the financial services provider’s stock worth $69,319,000 after buying an additional 40,362 shares during the period. 54.14% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director John Nixon bought 5,000 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were bought at an average cost of $20.15 per share, for a total transaction of $100,750.00. Following the completion of the acquisition, the director now directly owns 24,894 shares in the company, valued at $501,614.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 73.50% of the stock is owned by company insiders.

NASDAQ VIRT traded up $0.13 during trading on Friday, hitting $23.02. 1,491,527 shares of the company traded hands, compared to its average volume of 1,024,374. Virtu Financial Inc has a 12 month low of $13.10 and a 12 month high of $37.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $3.89 billion, a P/E ratio of 40.39, a price-to-earnings-growth ratio of 2.71 and a beta of -0.77.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Friday, July 27th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). Virtu Financial had a net margin of 11.30% and a return on equity of 19.62%. The company had revenue of $328.10 million for the quarter, compared to the consensus estimate of $236.08 million. During the same quarter last year, the business earned $0.13 earnings per share. Virtu Financial’s quarterly revenue was up 126.4% on a year-over-year basis. On average, equities analysts expect that Virtu Financial Inc will post 1.51 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.96 annualized dividend and a yield of 4.17%. Virtu Financial’s dividend payout ratio (DPR) is currently 168.42%.

A number of analysts recently issued reports on VIRT shares. Jefferies Financial Group reissued a “buy” rating and set a $25.00 price objective on shares of Virtu Financial in a research report on Monday, July 30th. BidaskClub cut Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, September 28th. Citigroup reduced their price objective on Virtu Financial from $37.00 to $28.00 and set a “$26.55” rating for the company in a research report on Wednesday, July 18th. Morgan Stanley started coverage on Virtu Financial in a research report on Wednesday, August 8th. They set an “equal weight” rating and a $22.00 price objective for the company. Finally, Zacks Investment Research cut Virtu Financial from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.09.

About Virtu Financial

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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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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