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Strs Ohio Increases Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

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Strs Ohio increased its position in shares of Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,623 shares of the financial services provider’s stock after buying an additional 982 shares during the period. Strs Ohio’s holdings in Virtu Financial were worth $1,884,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VIRT. Fuller & Thaler Asset Management Inc. purchased a new position in Virtu Financial in the fourth quarter valued at about $37,552,000. Allspring Global Investments Holdings LLC purchased a new position in Virtu Financial in the fourth quarter valued at about $28,799,000. Lazard Asset Management LLC grew its stake in Virtu Financial by 517.1% in the fourth quarter. Lazard Asset Management LLC now owns 419,226 shares of the financial services provider’s stock valued at $12,086,000 after purchasing an additional 351,294 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Virtu Financial in the fourth quarter valued at about $5,415,000. Finally, Miller Howard Investments Inc. NY purchased a new position in Virtu Financial in the first quarter valued at about $4,839,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

In other Virtu Financial news, COO Brett Fairclough sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $29.25, for a total value of $1,462,500.00. Following the completion of the transaction, the chief operating officer now directly owns 27,488 shares of the company’s stock, valued at $804,024. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Cavoli sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $28.80, for a total value of $576,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,277 shares of the company’s stock, valued at $4,126,377.60. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock valued at $2,905,500 over the last three months. 42.10% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on VIRT shares. The Goldman Sachs Group cut their target price on Virtu Financial from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Piper Sandler raised their price target on Virtu Financial from $38.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, April 1st. Rosenblatt Securities raised their price target on Virtu Financial from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, April 14th. JPMorgan Chase & Co. lowered their price target on Virtu Financial from $40.00 to $37.50 in a report on Friday, April 29th. Finally, StockNews.com assumed coverage on Virtu Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Virtu Financial currently has an average rating of “Hold” and an average price target of $36.50.

Virtu Financial stock opened at $22.66 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.06. Virtu Financial, Inc. has a 52 week low of $22.25 and a 52 week high of $38.63. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 7.66 and a beta of -0.11. The stock has a 50-day moving average price of $25.03 and a 200 day moving average price of $30.42.

Virtu Financial (NASDAQ:VIRTGet Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. Virtu Financial had a return on equity of 39.13% and a net margin of 13.99%. The firm had revenue of $522.31 million during the quarter, compared to the consensus estimate of $483.93 million. During the same quarter in the previous year, the company posted $2.04 earnings per share. The company’s revenue was down 28.3% compared to the same quarter last year. Research analysts anticipate that Virtu Financial, Inc. will post 3.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 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 4.24%. The ex-dividend date was Tuesday, May 31st. Virtu Financial’s dividend payout ratio (DPR) is 32.43%.

About Virtu Financial (Get Rating)

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.

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



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