Several institutional investors have recently traded shares of Virtu Financial. O Shaughnessy Asset Management alone increased its stake by 76.5%, now holding 73,572 shares worth about $1.51 million after acquiring 31,884 shares. Other companies like GSA Capital Partners, Diversify Advisory Services, and Seven Eight Capital also started new positions, with investments around $1.24 million, $957,000, and $1.37 million respectively. In total, institutional investors own 45.78% of the company.
Stock Performance
Virtu Financial’s stock (NASDAQ:VIRT) opened at $31.76 on Monday, showing a 0.8% increase. The company’s market cap is $4.99 billion, with a PE ratio of 22.21. It has seen a low of $16.02 and a high of $32.88 over the past year.
Earnings Report
Virtu Financial reported earnings of $0.83 per share for the last quarter, exceeding estimates of $0.60. Revenue was $385.1 million, up 38.2% from a year earlier.
Dividend Announcement
The company declared a quarterly dividend of $0.24, which was paid on September 15. This amounts to an annualized dividend of $0.96, yielding 3.02%.
Insider Trades
Director Virginia Gambale sold 5,400 shares for $147,420 on August 5, 2019. Insiders own 46.70% of the company’s stock.
Analyst Ratings
Analysts have recently adjusted their ratings for Virtu Financial. UBS set a target of $24, while Citigroup raised theirs to $32. Currently, the stock has an average rating of “Hold” and a target price of $27.50.
Company Overview
Virtu Financial operates in financial services across various regions, offering market-making and execution services.
Further Reading
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