Virtu Financial Inc (NASDAQ:VIRT) issued its quarterly earnings results on Thursday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16, Bloomberg Earnings reports. Virtu Financial had a net margin of 4.94% and a return on equity of 19.37%. The firm had revenue of $79.40 million for the quarter, compared to analyst estimates of $82.20 million. During the same period in the previous year, the business earned $0.31 EPS. The company’s revenue was down 32.3% compared to the same quarter last year.
Shares of Virtu Financial (NASDAQ:VIRT) opened at 16.70 on Friday. The company has a market cap of $679.14 million, a P/E ratio of 24.93 and a beta of 0.43. Virtu Financial has a one year low of $12.35 and a one year high of $19.07. The company’s 50 day moving average is $15.74 and its 200 day moving average is $16.24.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend is Tuesday, May 30th. Virtu Financial’s payout ratio is 109.09%.
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VIRT has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Virtu Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. TheStreet raised 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 151,128 shares of the company’s stock in a transaction dated Friday, April 7th. The shares were purchased at an average price of $15.87 per share, for a total transaction of $2,398,401.36. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have bought 395,970 shares of company stock worth $6,199,821. Company insiders own 71.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in VIRT. Schwab Charles Investment Management Inc. boosted its stake in shares of Virtu Financial by 7.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 110,583 shares of the financial services provider’s stock worth $1,880,000 after buying an additional 7,353 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Virtu Financial during the first quarter worth approximately $2,551,000. Geode Capital Management LLC boosted its stake in shares of Virtu Financial by 8.4% in the first quarter. Geode Capital Management LLC now owns 317,906 shares of the financial services provider’s stock worth $5,404,000 after buying an additional 24,754 shares during the period. Vanguard Group Inc. boosted its stake in shares of Virtu Financial by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,275,435 shares of the financial services provider’s stock worth $38,683,000 after buying an additional 38,170 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Virtu Financial by 1.7% in the first quarter. Teachers Advisors LLC now owns 55,958 shares of the financial services provider’s stock worth $951,000 after buying an additional 955 shares during the period. Hedge funds and other institutional investors own 89.85% of the company’s stock.
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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