Fmr LLC raised its position in shares of Virtu Financial Inc (NASDAQ:VIRT) by 48.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,875,035 shares of the company’s stock after buying an additional 612,189 shares during the period. Fmr LLC’s holdings in Virtu Financial were worth $29,906,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in VIRT. First Bank & Trust acquired a new position in shares of Virtu Financial during the fourth quarter worth about $111,000. Advisors Asset Management Inc. raised its position in shares of Virtu Financial by 3,318.8% in the third quarter. Advisors Asset Management Inc. now owns 10,530 shares of the company’s stock worth $158,000 after buying an additional 10,222 shares during the last quarter. Fox Run Management L.L.C. raised its position in shares of Virtu Financial by 47.0% in the third quarter. Fox Run Management L.L.C. now owns 17,200 shares of the company’s stock worth $257,000 after buying an additional 5,500 shares during the last quarter. Princeton Alpha Management LP raised its position in shares of Virtu Financial by 48.7% in the third quarter. Princeton Alpha Management LP now owns 19,222 shares of the company’s stock worth $288,000 after buying an additional 6,298 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Virtu Financial by 17.7% in the third quarter. UBS Asset Management Americas Inc. now owns 23,266 shares of the company’s stock worth $348,000 after buying an additional 3,500 shares during the last quarter. 89.85% of the stock is currently owned by institutional investors.
Shares of Virtu Financial Inc (NASDAQ:VIRT) opened at 17.10 on Tuesday. Virtu Financial Inc has a 52-week low of $12.35 and a 52-week high of $22.42. The firm has a market capitalization of $695.41 million, a price-to-earnings ratio of 20.48 and a beta of 0.43. The company’s 50 day moving average price is $17.61 and its 200 day moving average price is $15.80.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $100.30 million for the quarter, compared to analyst estimates of $96.91 million. Virtu Financial had a return on equity of 19.37% and a net margin of 4.94%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. Analysts forecast that Virtu Financial Inc will post $1.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend was Monday, February 27th. Virtu Financial’s dividend payout ratio is 109.09%.
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Separately, Zacks Investment Research lowered Virtu Financial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 18th.
In related news, insider Tjmt Holdings Llc acquired 6,700 shares of the stock in a transaction dated Thursday, December 29th. The shares were acquired at an average price of $15.98 per share, with a total value of $107,066.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 126,512 shares of company stock worth $2,019,817. 71.00% of the stock is currently owned by insiders.
Virtu Financial Company 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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