Systematic Financial Management LP boosted its position in shares of Virtu Financial Inc (NASDAQ:VIRT) by 73.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,805 shares of the financial services provider’s stock after purchasing an additional 7,960 shares during the quarter. Systematic Financial Management LP’s holdings in Virtu Financial were worth $385,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of Virtu Financial by 19,303.8% in the third quarter. Parallel Advisors LLC now owns 5,045 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 5,019 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Virtu Financial in the second quarter worth $125,000. Strs Ohio acquired a new position in shares of Virtu Financial in the second quarter worth $201,000. State of Wisconsin Investment Board acquired a new position in shares of Virtu Financial in the second quarter worth $203,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Virtu Financial in the second quarter worth $206,000. Institutional investors own 56.65% of the company’s stock.
Virtu Financial stock opened at $25.63 on Friday. The firm has a market capitalization of $4.85 billion, a P/E ratio of 44.96, a price-to-earnings-growth ratio of 3.64 and a beta of -0.95. Virtu Financial Inc has a 52 week low of $14.98 and a 52 week high of $37.85. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.96 annualized dividend and a yield of 3.75%. Virtu Financial’s payout ratio is currently 168.42%.
A number of equities analysts have recently weighed in on VIRT shares. ValuEngine raised Virtu Financial from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Jefferies Financial Group reissued a “buy” rating and issued a $25.00 price target on shares of Virtu Financial in a report on Monday, July 30th. Sandler O’Neill reissued a “buy” rating and issued a $27.00 price target on shares of Virtu Financial in a report on Friday, July 27th. BidaskClub raised Virtu Financial from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Finally, Morgan Stanley started coverage on Virtu Financial in a report on Wednesday, August 8th. They issued an “equal weight” rating and a $22.00 price target for the company. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Virtu Financial has an average rating of “Hold” and an average price target of $30.64.
Virtu Financial Company Profile
Virtu Financial, Inc engages in the business of buying and selling of securities and other financial instruments. It offers market making and trading solutions. The company was founded by Vincent Viola in 2008 and is headquartered in New York, NY.
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