Sei Investments Co. grew its holdings in shares of Virtu Financial, Inc. (NYSE:VIRT – Free Report) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,873 shares of the company’s stock after acquiring an additional 14,144 shares during the period. Sei Investments Co.’s holdings in Virtu Financial were worth $4,524,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Transamerica Financial Advisors LLC boosted its position in shares of Virtu Financial by 480.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 836 shares of the company’s stock valued at $28,000 after purchasing an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Virtu Financial by 103.8% in the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after buying an additional 387 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Virtu Financial by 51.9% in the third quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock valued at $35,000 after buying an additional 332 shares during the period. Quarry LP acquired a new position in Virtu Financial in the third quarter valued at approximately $35,000. Finally, International Assets Investment Management LLC bought a new position in shares of Virtu Financial during the 4th quarter worth approximately $37,000. 45.78% of the stock is owned by institutional investors.
Virtu Financial Stock Up 2.7%
VIRT stock opened at $58.54 on Thursday. The stock’s 50 day simple moving average is $58.58 and its 200 day simple moving average is $49.34. The company has a market cap of $9.08 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.45 and a current ratio of 0.45. Virtu Financial, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $68.02.
Virtu Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 1st. Virtu Financial’s dividend payout ratio (DPR) is currently 15.95%.
Insider Transactions at Virtu Financial
In other Virtu Financial news, COO Brett Fairclough sold 30,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $50.06, for a total transaction of $1,501,800.00. Following the completion of the sale, the chief operating officer owned 42,473 shares in the company, valued at approximately $2,126,198.38. The trade was a 41.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 46.76% of the company’s stock.
Analysts Set New Price Targets
VIRT has been the subject of several recent analyst reports. Zacks Research downgraded shares of Virtu Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Morgan Stanley increased their target price on shares of Virtu Financial from $39.00 to $57.00 and gave the stock an “underweight” rating in a research note on Friday, July 10th. Piper Sandler raised their price target on shares of Virtu Financial from $61.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Virtu Financial in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Virtu Financial from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $58.80.
Get Our Latest Stock Report on Virtu Financial
Virtu Financial Company Profile
Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.
The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.
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