Teachers Advisors LLC lessened its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,616 shares of the financial services provider’s stock after selling 8,342 shares during the quarter. Teachers Advisors LLC owned approximately 0.12% of Virtu Financial worth $840,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. WBI Investments Inc. acquired a new position in Virtu Financial in the second quarter worth $194,000. American International Group Inc. boosted its holdings in shares of Virtu Financial by 7.1% during the first quarter. American International Group Inc. now owns 15,512 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 1,023 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Virtu Financial by 28.8% during the first quarter. Parametric Portfolio Associates LLC now owns 18,927 shares of the financial services provider’s stock valued at $322,000 after acquiring an additional 4,237 shares during the period. National Investment Services Inc. WI boosted its holdings in shares of Virtu Financial by 107.1% during the second quarter. National Investment Services Inc. WI now owns 21,964 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 11,359 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Virtu Financial by 506.5% during the first quarter. Russell Investments Group Ltd. now owns 25,018 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 20,893 shares during the period. 22.09% of the stock is owned by hedge funds and other institutional investors.
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Virtu Financial, Inc. (NASDAQ:VIRT) opened at $13.45 on Friday. The stock has a market cap of $2,494.52, a price-to-earnings ratio of 19.21 and a beta of 0.24. Virtu Financial, Inc. has a 1-year low of $12.40 and a 1-year high of $19.07. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.15.
Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Citigroup Inc. reissued a “sell” rating and set a $14.00 price target (down previously from $16.00) on shares of Virtu Financial in a report on Thursday, August 10th. Rosenblatt Securities assumed coverage on shares of Virtu Financial in a report on Friday, September 15th. They set a “neutral” rating and a $18.00 price target for the company. Evercore ISI assumed coverage on shares of Virtu Financial in a report on Monday, October 2nd. They set an “in-line” rating and a $17.00 price target for the company. Finally, J P Morgan Chase & Co reissued an “underweight” rating and set a $13.00 price target on shares of Virtu Financial in a report on Wednesday, October 18th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.71.
In related news, major shareholder North Island Ventures, Llc acquired 338,124 shares of Virtu Financial stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $15.44 per share, with a total value of $5,220,634.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 69.90% of the company’s stock.
Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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