Virtu Financial, Inc. $VIRT Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 132.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,612 shares of the financial services provider’s stock after acquiring an additional 29,446 shares during the quarter. Acadian Asset Management LLC’s holdings in Virtu Financial were worth $1,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group increased its stake in shares of Virtu Financial by 243.0% during the first quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 554 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Virtu Financial during the first quarter worth about $32,000. Jones Financial Companies Lllp boosted its holdings in Virtu Financial by 1,624.1% during the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider’s stock worth $38,000 after buying an additional 942 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Virtu Financial during the first quarter worth about $54,000. Finally, SBI Securities Co. Ltd. boosted its holdings 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 buying an additional 345 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Stock Down 2.3%

Shares of NASDAQ VIRT opened at $35.41 on Wednesday. Virtu Financial, Inc. has a 12-month low of $29.82 and a 12-month high of $45.77. The company 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. 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 firm’s 50-day moving average is $41.97 and its two-hundred day moving average is $40.46.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 29th. Virtu Financial’s dividend payout ratio is 21.82%.

Wall Street Analyst Weigh In

A number of research firms recently commented on VIRT. Wall Street Zen downgraded shares of Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. UBS Group reissued a “neutral” rating and set a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Morgan Stanley boosted their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the stock an “underweight” rating in a report on Tuesday, July 15th. Finally, Piper Sandler boosted their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.75.

Insider Activity

In other news, COO Brett Fairclough sold 90,701 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $42.40, for a total value of $3,845,722.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 47.20% of the stock is owned by company 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.