Lecap Asset Management Ltd. Acquires Shares of 29,245 Virtu Financial, Inc. (NASDAQ:VIRT)

Lecap Asset Management Ltd. bought a new stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,245 shares of the financial services provider's stock, valued at approximately $891,000.

Several other large investors also recently modified their holdings of VIRT. Riverview Trust Co acquired a new position in shares of Virtu Financial in the 1st quarter valued at approximately $26,000. USA Financial Formulas acquired a new position in shares of Virtu Financial in the third quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new stake in shares of Virtu Financial during the second quarter worth $39,000. Abich Financial Wealth Management LLC raised its holdings in shares of Virtu Financial by 55.3% during the first quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider's stock worth $45,000 after acquiring an additional 781 shares during the period. Finally, Innealta Capital LLC bought a new stake in Virtu Financial in the 2nd quarter valued at $46,000. 45.78% of the stock is currently owned by institutional investors.

Insider Transactions at Virtu Financial

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $27.30, for a total value of $147,420.00. Following the sale, the director now owns 24,122 shares in the company, valued at $658,530.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 46.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VIRT has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Virtu Financial from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Monday, September 30th. Citigroup increased their price objective on Virtu Financial from $32.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Piper Sandler restated an "overweight" rating and issued a $35.00 target price on shares of Virtu Financial in a research note on Thursday. UBS Group raised their price target on shares of Virtu Financial from $18.00 to $24.00 and gave the stock a "neutral" rating in a research note on Monday, July 1st. Finally, Bank of America cut their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Virtu Financial has an average rating of "Hold" and a consensus price target of $29.50.

Virtu Financial Stock Down 4.6 %

Shares of NASDAQ VIRT traded down $1.49 during trading hours on Thursday, hitting $30.86. The company had a trading volume of 2,010,728 shares, compared to its average volume of 1,283,160. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $33.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22. The firm's 50 day moving average is $31.38 and its 200-day moving average is $26.41. The stock has a market capitalization of $4.85 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, August 30th. Virtu Financial's dividend payout ratio (DPR) is presently 67.13%.

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.