First Trust Advisors LP lifted its stake in shares of Virtu Financial Inc (NASDAQ:VIRT) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,799 shares of the financial services provider’s stock after purchasing an additional 18,753 shares during the quarter. First Trust Advisors LP’s holdings in Virtu Financial were worth $3,565,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd grew its holdings in shares of Virtu Financial by 65.1% during the 3rd quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock valued at $329,354,000 after purchasing an additional 8,012,821 shares during the last quarter. North Island ManageCo LLC bought a new stake in shares of Virtu Financial during the 4th quarter valued at approximately $733,173,000. Sheets Smith Wealth Management bought a new stake in shares of Virtu Financial during the 4th quarter valued at approximately $272,000. Royce & Associates LP grew its holdings in shares of Virtu Financial by 3.1% during the 3rd quarter. Royce & Associates LP now owns 668,300 shares of the financial services provider’s stock valued at $10,826,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Virtu Financial during the 2nd quarter valued at approximately $566,000. 47.93% of the stock is currently owned by institutional investors.
Shares of Virtu Financial Inc (NASDAQ:VIRT) opened at $33.20 on Monday. Virtu Financial Inc has a 1-year low of $13.10 and a 1-year high of $34.00. 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 firm has a market cap of $6,215.37, a P/E ratio of 150.92 and a beta of -0.50.
Virtu Financial announced that its board has authorized a share buyback program on Thursday, February 8th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, February 28th. Virtu Financial’s payout ratio is 436.38%.
VIRT has been the topic of several research reports. Zacks Investment Research lowered shares of Virtu Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. JPMorgan Chase & Co. set a $22.00 price target on shares of Virtu Financial and gave the company a “neutral” rating in a report on Tuesday, February 13th. Goldman Sachs Group lifted their price target on shares of Virtu Financial from $17.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, February 9th. BidaskClub raised shares of Virtu Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Finally, Evercore ISI lifted their price target on shares of Virtu Financial from $18.00 to $27.00 and gave the company an “in-line” rating in a report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Virtu Financial presently has a consensus rating of “Buy” and a consensus price target of $26.00.
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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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