Aviance Capital Partners LLC Takes $218,000 Position in Virtu Financial, Inc. $VIRT

Aviance Capital Partners LLC purchased a new stake in Virtu Financial, Inc. (NASDAQ:VIRT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,860 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other large investors have also added to or reduced their stakes in the business. Yousif Capital Management LLC raised its stake in Virtu Financial by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 29,986 shares of the financial services provider’s stock valued at $1,343,000 after acquiring an additional 227 shares during the period. Voya Investment Management LLC raised its stake in Virtu Financial by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 10,002 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 270 shares during the period. Foundry Partners LLC raised its stake in Virtu Financial by 1.5% in the 1st quarter. Foundry Partners LLC now owns 18,031 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 275 shares during the period. Bessemer Group Inc. raised its stake in Virtu Financial by 96.0% in the 2nd quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 285 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in Virtu Financial by 26.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 345 shares during the period. Institutional investors own 45.78% of the company’s stock.

Insider Transactions at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of Virtu Financial stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $42.40, for a total value of $3,845,722.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 47.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on VIRT. The Goldman Sachs Group lowered their price target on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Piper Sandler increased their price target on shares of Virtu Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Morgan Stanley increased their price target on shares of Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Tuesday, July 15th. UBS Group reaffirmed a “neutral” rating and set a $45.00 target price (up from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Finally, Bank of America raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.71.

Virtu Financial Stock Performance

Shares of NASDAQ:VIRT opened at $34.80 on Friday. The company’s 50 day simple moving average is $36.01 and its 200 day simple moving average is $39.89. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. Virtu Financial, Inc. has a 1 year low of $30.51 and a 1 year high of $45.77.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $274.00 million for the quarter. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. As a group, research analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Virtu Financial’s dividend payout ratio (DPR) is 20.78%.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.