Farther Finance Advisors LLC Buys 1,043 Shares of Virtu Financial, Inc. $VIRT

Farther Finance Advisors LLC increased its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 410.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,297 shares of the financial services provider’s stock after acquiring an additional 1,043 shares during the quarter. Farther Finance Advisors LLC’s holdings in Virtu Financial were worth $58,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Voya Investment Management LLC increased 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 worth $381,000 after acquiring an additional 270 shares during the period. Foundry Partners LLC increased its holdings in Virtu Financial by 1.5% in the 1st quarter. Foundry Partners LLC now owns 18,031 shares of the financial services provider’s stock valued at $687,000 after buying an additional 275 shares during the period. Wedge Capital Management L L P NC increased its holdings in Virtu Financial by 0.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 33,397 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 281 shares during the period. SBI Securities Co. Ltd. increased its holdings in Virtu Financial by 26.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider’s stock valued at $64,000 after buying an additional 345 shares during the period. Finally, Optimist Retirement Group LLC increased its holdings in Virtu Financial by 4.6% in the 1st quarter. Optimist Retirement Group LLC now owns 8,146 shares of the financial services provider’s stock valued at $311,000 after buying an additional 355 shares during the period. Institutional investors own 45.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on VIRT shares. UBS Group reissued a “neutral” rating and issued a $45.00 price target (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Piper Sandler boosted their price target on shares of Virtu Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Finally, Morgan Stanley boosted their price target 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. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.29.

Insider Transactions at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 47.20% of the company’s stock.

Virtu Financial Price Performance

NASDAQ VIRT opened at $33.65 on Monday. The business has a 50 day simple moving average of $39.63 and a 200 day simple moving average of $40.39. Virtu Financial, Inc. has a 52-week low of $29.82 and a 52-week high of $45.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 1.14 and a beta of 0.62.

Virtu Financial Announces Dividend

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