Bahl & Gaynor Inc. increased its stake in Virtu Financial Inc (NASDAQ:VIRT) by 21.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 648,601 shares of the financial services provider’s stock after buying an additional 116,637 shares during the period. Bahl & Gaynor Inc. owned about 1.59% of Virtu Financial worth $11,026,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. First Bank & Trust increased its stake in Virtu Financial by 28.4% in the first quarter. First Bank & Trust now owns 8,967 shares of the financial services provider’s stock valued at $152,000 after buying an additional 1,983 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Virtu Financial by 17.7% in the third quarter. UBS Asset Management Americas Inc. now owns 23,266 shares of the financial services provider’s stock worth $348,000 after buying an additional 3,500 shares in the last quarter. Arete Wealth Advisors LLC increased its position in Virtu Financial by 12.9% in the first quarter. Arete Wealth Advisors LLC now owns 35,325 shares of the financial services provider’s stock worth $601,000 after buying an additional 4,050 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Virtu Financial by 28.8% in the first quarter. Parametric Portfolio Associates LLC now owns 18,927 shares of the financial services provider’s stock worth $322,000 after buying an additional 4,237 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Virtu Financial by 90.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,453 shares of the financial services provider’s stock worth $167,000 after buying an additional 4,963 shares in the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.
Virtu Financial Inc (NASDAQ:VIRT) opened at 17.35 on Friday. The firm has a market cap of $705.57 million, a P/E ratio of 25.90 and a beta of 0.43. The firm has a 50 day moving average of $15.93 and a 200-day moving average of $16.35. Virtu Financial Inc has a 12 month low of $12.35 and a 12 month high of $19.07.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $82.20 million. Virtu Financial had a net margin of 4.94% and a return on equity of 19.37%. The firm’s quarterly revenue was down 32.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. On average, equities research analysts forecast that Virtu Financial Inc will post $0.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.96 annualized dividend and a yield of 5.53%. Virtu Financial’s dividend payout ratio is presently 109.09%.
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A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet upgraded shares of Virtu Financial from a “d-” rating to a “c-” rating in a research report on Friday, May 19th.
In other Virtu Financial news, insider Tjmt Holdings Llc bought 100,000 shares of the stock in a transaction on Tuesday, April 11th. The stock was purchased at an average price of $15.62 per share, for a total transaction of $1,562,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 395,970 shares of company stock worth $6,199,821 over the last ninety days. 71.00% of the stock is currently owned by corporate 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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