Bokf Na Buys 5,945 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Bokf Na grew its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 25.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,425 shares of the financial services provider’s stock after buying an additional 5,945 shares during the period. Bokf Na’s holdings in Virtu Financial were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VIRT. Norges Bank bought a new stake in shares of Virtu Financial during the 4th quarter valued at $12,575,000. Susquehanna Fundamental Investments LLC bought a new position in Virtu Financial in the 1st quarter worth about $4,349,000. Simplicity Wealth LLC bought a new position in Virtu Financial in the 1st quarter worth about $2,479,000. Natixis boosted its stake in Virtu Financial by 110.0% in the 1st quarter. Natixis now owns 189,000 shares of the financial services provider’s stock worth $3,878,000 after purchasing an additional 99,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Virtu Financial by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,868,222 shares of the financial services provider’s stock worth $37,851,000 after purchasing an additional 92,279 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Performance

Shares of NASDAQ:VIRT traded up $0.10 during mid-day trading on Monday, reaching $28.07. 170,339 shares of the company traded hands, compared to its average volume of 1,301,652. The company’s 50 day moving average price is $23.65 and its 200-day moving average price is $21.00. The firm has a market cap of $4.41 billion, a PE ratio of 19.56, a PEG ratio of 0.52 and a beta of 0.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.45 and a quick ratio of 0.45. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $29.69.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.23. The business had revenue of $385.10 million during the quarter, compared to the consensus estimate of $331.92 million. Virtu Financial had a return on equity of 22.67% and a net margin of 7.59%. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, equities analysts expect that Virtu Financial, Inc. will post 2.26 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st will be given a dividend of $0.24 per share. The ex-dividend date is Sunday, September 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.42%. Virtu Financial’s dividend payout ratio is currently 67.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VIRT. The Goldman Sachs Group upped their price target on shares of Virtu Financial from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. UBS Group boosted their target price on Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Citigroup boosted their target price on Virtu Financial from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. StockNews.com raised Virtu Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Finally, Piper Sandler upped their price target on shares of Virtu Financial from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.36.

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.