Sheets Smith Wealth Management purchased a new stake in Virtu Financial Inc (NASDAQ:VIRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,845 shares of the financial services provider’s stock, valued at approximately $272,000.
Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Virtu Financial in the 3rd quarter valued at about $104,000. Ffcm LLC purchased a new position in shares of Virtu Financial in the 3rd quarter valued at about $116,000. WBI Investments Inc. purchased a new position in shares of Virtu Financial in the 2nd quarter valued at about $194,000. Stevens Capital Management LP purchased a new position in shares of Virtu Financial in the 3rd quarter valued at about $179,000. Finally, Jane Street Group LLC purchased a new position in shares of Virtu Financial in the 3rd quarter valued at about $291,000. Hedge funds and other institutional investors own 26.58% of the company’s stock.
Shares of Virtu Financial Inc (VIRT) opened at $19.00 on Friday. Virtu Financial Inc has a 52 week low of $13.10 and a 52 week high of $19.20. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $3,519.55, a P/E ratio of 118.76 and a beta of 0.39.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.96 annualized dividend and a yield of 5.05%. Virtu Financial’s dividend payout ratio (DPR) is currently 600.04%.
Several equities analysts recently weighed in on VIRT shares. Sandler O’Neill set a $19.00 price target on Virtu Financial and gave the company a “buy” rating in a research note on Tuesday, November 7th. TheStreet upgraded Virtu Financial from a “d+” rating to a “c-” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Evercore ISI lifted their price target on Virtu Financial from $17.00 to $18.00 and gave the company an “in-line” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.86.
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Virtu Financial 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.
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