Bank of Montreal Can boosted its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 1,112.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,974 shares of the financial services provider’s stock after buying an additional 52,275 shares during the period. Bank of Montreal Can owned 0.14% of Virtu Financial worth $968,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in VIRT. UBS Asset Management Americas Inc. boosted its stake 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 valued at $348,000 after buying an additional 3,500 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of Virtu Financial by 7.4% in the third quarter. Bahl & Gaynor Inc. now owns 605,538 shares of the financial services provider’s stock worth $9,064,000 after buying an additional 41,910 shares during the period. Analytic Investors LLC boosted its stake in shares of Virtu Financial by 82.7% in the third quarter. Analytic Investors LLC now owns 161,830 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 73,265 shares during the period. Highbridge Capital Management LLC boosted its stake in shares of Virtu Financial by 484.8% in the third quarter. Highbridge Capital Management LLC now owns 532,164 shares of the financial services provider’s stock worth $7,966,000 after buying an additional 441,164 shares during the period. Finally, First Bank & Trust bought a new stake in shares of Virtu Financial during the fourth quarter worth approximately $111,000. 91.11% of the stock is owned by institutional investors.
Virtu Financial, Inc. (NASDAQ VIRT) traded up 1.76% on Friday, reaching $17.35. The company’s stock had a trading volume of 347,885 shares. Virtu Financial, Inc. has a 12 month low of $12.35 and a 12 month high of $19.07. The company has a market cap of $705.57 million, a P/E ratio of 25.90 and a beta of 0.43. The stock’s 50 day moving average price is $15.93 and its 200 day moving average price is $16.35.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. Virtu Financial had a return on equity of 20.72% and a net margin of 4.41%. The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $82.20 million. During the same period last year, the business posted $0.31 EPS. The business’s revenue was down 32.3% compared to the same quarter last year. Equities research analysts forecast that Virtu Financial, Inc. will post $0.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.53%. Virtu Financial’s payout ratio is currently 133.33%.
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A number of equities research analysts recently commented on the company. Zacks Investment Research raised Virtu Financial from a “sell” rating to a “hold” rating in a research note on Friday. TheStreet raised Virtu Financial from a “d-” rating to a “c-” rating in a research note on Friday, May 19th.
In other Virtu Financial news, insider Tjmt Holdings Llc purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, April 11th. The stock was purchased at an average cost of $15.62 per share, for a total transaction of $1,562,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have acquired 395,970 shares of company stock valued at $6,199,821. Company insiders own 69.90% 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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