Apollon Wealth Management LLC Purchases Shares of 7,756 Virtu Financial, Inc. $VIRT

Apollon Wealth Management LLC bought 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. The fund bought 7,756 shares of the financial services provider’s stock, valued at approximately $347,000.

Several other institutional investors have also recently made changes to their positions in VIRT. Voya Investment Management LLC grew its position in Virtu Financial by 2.8% during the first quarter. Voya Investment Management LLC now owns 10,002 shares of the financial services provider’s stock valued at $381,000 after buying an additional 270 shares during the period. Foundry Partners LLC boosted its stake in shares of Virtu Financial by 1.5% during the 1st quarter. Foundry Partners LLC now owns 18,031 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 275 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Virtu Financial by 26.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 345 shares in the last quarter. Optimist Retirement Group LLC boosted its position in Virtu Financial by 4.6% during the first quarter. Optimist Retirement Group LLC now owns 8,146 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 355 shares in the last quarter. Finally, CWM LLC boosted its position in Virtu Financial by 2.7% during the first quarter. CWM LLC now owns 13,635 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 362 shares in the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Brett Fairclough sold 90,701 shares of Virtu Financial stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 47.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group restated 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. Piper Sandler lifted their price target on shares of Virtu Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. The Goldman Sachs Group decreased their price objective 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. Finally, Morgan Stanley increased their price objective 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. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Virtu Financial presently has an average rating of “Hold” and an average price target of $41.43.

Virtu Financial Price Performance

Shares of NASDAQ VIRT opened at $33.25 on Friday. The firm has a 50-day simple moving average of $37.57 and a 200-day simple moving average of $39.99. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial, Inc. has a 52 week low of $29.82 and a 52 week 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. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The company had revenue of $274.00 million during the quarter. On average, equities analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a dividend of $0.24 per share. The ex-dividend date was Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.9%. Virtu Financial’s dividend payout ratio (DPR) is presently 21.82%.

About Virtu Financial

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.