Strs Ohio Buys Shares of 43,903 Virtu Financial, Inc. $VIRT

Strs Ohio bought a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,903 shares of the financial services provider’s stock, valued at approximately $1,674,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Virtu Financial by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,568,548 shares of the financial services provider’s stock valued at $364,753,000 after buying an additional 165,396 shares in the last quarter. Invesco Ltd. boosted its holdings 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 acquiring an additional 670,774 shares during the period. AQR Capital Management LLC boosted its holdings in Virtu Financial by 50.9% during the first 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 during the period. Allianz Asset Management GmbH boosted its holdings in Virtu Financial by 69.5% during the first quarter. Allianz Asset Management GmbH now owns 1,063,011 shares of the financial services provider’s stock valued at $40,522,000 after acquiring an additional 435,958 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Virtu Financial by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 930,110 shares of the financial services provider’s stock valued at $35,856,000 after acquiring an additional 95,692 shares during the period. 45.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VIRT has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Piper Sandler increased their target price 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. UBS Group restated a “neutral” rating and set a $45.00 price target (up from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. Finally, Morgan Stanley raised their price objective on Virtu Financial from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.75.

Insider Buying and Selling

In other Virtu Financial news, COO Brett Fairclough sold 90,701 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $42.40, for a total transaction of $3,845,722.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 47.20% of the company’s stock.

Virtu Financial Stock Performance

VIRT stock opened at $35.41 on Wednesday. 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 company has a 50 day moving average price of $41.97 and a 200 day moving average price of $40.46. Virtu Financial, Inc. has a fifty-two week low of $29.82 and a fifty-two week high of $45.77. The stock has a market capitalization of $5.41 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69.

Virtu Financial Dividend Announcement

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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, August 29th. Virtu Financial’s payout ratio is 21.82%.

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.