Lecap Asset Management Ltd. Takes $891,000 Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Lecap Asset Management Ltd. acquired a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) during the third quarter, Holdings Channel.com reports. The fund acquired 29,245 shares of the financial services provider’s stock, valued at approximately $891,000.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in Virtu Financial during the 1st quarter worth about $26,000. USA Financial Formulas purchased a new stake in Virtu Financial during the 3rd quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in Virtu Financial during the 2nd quarter worth about $39,000. Abich Financial Wealth Management LLC increased its stake in Virtu Financial by 55.3% in the 1st 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 last quarter. Finally, Innealta Capital LLC bought a new position in Virtu Financial in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Insider Buying and Selling at Virtu Financial

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $27.30, for a total value of $147,420.00. Following the completion of the sale, the director now owns 24,122 shares in the company, valued at approximately $658,530.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.70% of the stock is owned by insiders.

Virtu Financial Stock Down 1.3 %

VIRT opened at $32.35 on Thursday. The company has a market cap of $5.09 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 0.53 and a beta of 0.38. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22. Virtu Financial, Inc. has a twelve month low of $16.02 and a twelve month high of $33.55. The company has a 50-day moving average price of $31.34 and a 200 day moving average price of $26.37.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were issued a $0.24 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.97%. Virtu Financial’s payout ratio is 67.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VIRT shares. Piper Sandler increased their price objective on Virtu Financial from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. UBS Group increased their price target on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Bank of America decreased their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group raised their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Finally, Citigroup lifted their price target on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.50.

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.