Old West Investment Management LLC Sells 51,327 Shares of Virtu Financial, Inc. $VIRT

Old West Investment Management LLC lowered its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 12.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 362,280 shares of the financial services provider’s stock after selling 51,327 shares during the quarter. Virtu Financial comprises approximately 5.4% of Old West Investment Management LLC’s holdings, making the stock its 3rd largest holding. Old West Investment Management LLC owned approximately 0.23% of Virtu Financial worth $16,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in Virtu Financial by 83.6% during the first quarter. Invesco Ltd. now owns 1,473,165 shares of the financial services provider’s stock valued at $56,157,000 after buying an additional 670,774 shares in the last quarter. Nuveen LLC purchased a new position in shares of Virtu Financial in the 1st quarter valued at $18,956,000. AQR Capital Management LLC lifted its holdings in shares of Virtu Financial by 50.9% during the 1st quarter. AQR Capital Management LLC now owns 1,320,356 shares of the financial services provider’s stock valued at $49,764,000 after acquiring an additional 445,586 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Virtu Financial by 69.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,063,011 shares of the financial services provider’s stock worth $40,522,000 after purchasing an additional 435,958 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Virtu Financial during the 1st quarter worth $9,918,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group reissued a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, October 28th. Finally, The Goldman Sachs Group reduced their price target on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Virtu Financial presently has an average rating of “Hold” and an average price target of $41.71.

Virtu Financial Stock Down 1.2%

Shares of Virtu Financial stock opened at $35.57 on Friday. Virtu Financial, Inc. has a 1-year low of $31.89 and a 1-year high of $45.77. The company has a market capitalization of $5.44 billion, a PE ratio of 10.28, a P/E/G ratio of 1.14 and a beta of 0.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50-day moving average of $34.81 and a 200-day moving average of $39.69.

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

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Virtu Financial’s dividend payout ratio (DPR) is presently 20.78%.

Virtu Financial 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.