Douglas A. Cifu Purchases 20,000 Shares of Virtu Financial Inc (NASDAQ:VIRT) Stock

Virtu Financial Inc (NASDAQ:VIRT) CEO Douglas A. Cifu acquired 20,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of $16.24 per share, with a total value of $324,800.00. Following the acquisition, the chief executive officer now owns 255,000 shares in the company, valued at approximately $4,141,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Virtu Financial stock opened at $16.23 on Friday. The firm has a 50 day simple moving average of $16.87 and a 200-day simple moving average of $20.40. Virtu Financial Inc has a 1-year low of $15.32 and a 1-year high of $29.17. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.22 and a quick ratio of 0.63. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 3.33 and a beta of -0.55.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Virtu Financial had a net margin of 2.55% and a return on equity of 18.75%. The business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $241.79 million. During the same quarter in the prior year, the company posted $0.22 EPS. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. Equities analysts expect that Virtu Financial Inc will post 0.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 5.91%. Virtu Financial’s dividend payout ratio (DPR) is 48.98%.

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of Virtu Financial by 208.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,127 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of Virtu Financial by 31.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,068 shares of the financial services provider’s stock valued at $110,000 after buying an additional 1,222 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Virtu Financial by 39.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,256 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,773 shares during the period. Parallel Advisors LLC grew its stake in shares of Virtu Financial by 32.6% in the 2nd quarter. Parallel Advisors LLC now owns 6,689 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,644 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Virtu Financial in the 2nd quarter valued at approximately $149,000. 64.93% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on VIRT. ValuEngine upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Friday, October 11th. Compass Point set a $18.00 price objective on shares of Virtu Financial and gave the company a “hold” rating in a report on Wednesday, October 9th. Zacks Investment Research upgraded shares of Virtu Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Sunday, November 3rd. UBS Group downgraded shares of Virtu Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $21.00 to $17.00 in a report on Friday. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $23.00 price objective on shares of Virtu Financial in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.50.

About Virtu Financial

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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