7,475 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in Virtu Financial, Inc. (NASDAQ:VIRT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,475 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. First Horizon Advisors Inc. raised its position in Virtu Financial by 21.0% during the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 372 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in Virtu Financial by 22.2% during the second quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 487 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Virtu Financial by 3.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 19,421 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 587 shares in the last quarter. First Bank & Trust raised its position in Virtu Financial by 3.9% during the first quarter. First Bank & Trust now owns 19,614 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 734 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Virtu Financial by 3.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 40,908 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 1,217 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Down 0.7 %

NASDAQ VIRT opened at $32.74 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $5.15 billion, a PE ratio of 22.99, a PEG ratio of 0.53 and a beta of 0.38. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $33.55. The business’s 50-day moving average is $31.16 and its 200 day moving average is $26.16.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were paid a $0.24 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.93%. Virtu Financial’s payout ratio is presently 67.13%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VIRT. Morgan Stanley raised their price target on Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group raised their price target on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Piper Sandler lifted their price objective on Virtu Financial from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Bank of America decreased their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, UBS Group lifted their price objective on Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.50.

Insider Buying and Selling

In related news, Director Virginia Gambale sold 5,400 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $27.30, for a total value of $147,420.00. Following the sale, the director now directly owns 24,122 shares of the company’s stock, valued at $658,530.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 46.70% of the stock is owned by insiders.

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.