State of Wisconsin Investment Board acquired a new stake in shares of Virtu Financial Inc (NASDAQ:VIRT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,646 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other large investors have also recently modified their holdings of VIRT. Global X Management Co. LLC raised its position in shares of Virtu Financial by 90.0% during the 1st quarter. Global X Management Co. LLC now owns 46,948 shares of the financial services provider’s stock valued at $1,549,000 after acquiring an additional 22,239 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Virtu Financial during the 1st quarter valued at approximately $688,000. Swiss National Bank raised its position in shares of Virtu Financial by 3.1% during the 1st quarter. Swiss National Bank now owns 83,700 shares of the financial services provider’s stock valued at $2,762,000 after acquiring an additional 2,500 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Virtu Financial during the 1st quarter valued at approximately $2,145,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Virtu Financial by 5.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 177,070 shares of the financial services provider’s stock valued at $5,844,000 after acquiring an additional 9,341 shares in the last quarter. 54.15% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on VIRT. Citigroup upped their price target on Virtu Financial from $26.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, May 8th. Goldman Sachs Group increased their target price on Virtu Financial from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, May 7th. Rosenblatt Securities increased their target price on Virtu Financial from $26.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 7th. Evercore ISI increased their target price on Virtu Financial from $27.00 to $38.00 and gave the stock an “in-line” rating in a research report on Friday, May 4th. Finally, Sandler O’Neill increased their target price on Virtu Financial from $27.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Virtu Financial presently has an average rating of “Hold” and a consensus price target of $30.80.

Shares of NASDAQ VIRT opened at $22.05 on Friday. Virtu Financial Inc has a 1-year low of $13.10 and a 1-year high of $37.85. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.93 and a beta of -0.86.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Friday, July 27th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). Virtu Financial had a return on equity of 19.62% and a net margin of 11.30%. The company had revenue of $328.10 million during the quarter, compared to analyst estimates of $236.08 million. During the same period in the prior year, the business earned $0.13 earnings per share. Virtu Financial’s quarterly revenue was up 126.4% on a year-over-year basis. sell-side analysts anticipate that Virtu Financial Inc will post 1.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, August 30th. Virtu Financial’s dividend payout ratio (DPR) is 168.42%.

In other news, CEO Douglas A. Cifu sold 93,334 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $30.33, for a total transaction of $2,830,820.22. Following the transaction, the chief executive officer now directly owns 335,450 shares of the company’s stock, valued at $10,174,198.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Nixon purchased 5,000 shares of the stock in a transaction dated Tuesday, July 31st. The shares were acquired at an average cost of $20.15 per share, for a total transaction of $100,750.00. Following the completion of the acquisition, the director now directly owns 24,894 shares of the company’s stock, valued at approximately $501,614.10. The disclosure for this purchase can be found here. Insiders have sold 381,202 shares of company stock worth $11,486,250 over the last three months. Corporate insiders own 73.50% of the company’s stock.

Virtu Financial Profile

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.

Featured Article: Price to Earnings Ratio (PE) Basics

Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.