|Bid||25.84 x 1200|
|Ask||27.00 x 900|
|Day's Range||25.41 - 26.54|
|52 Week Range||14.98 - 37.85|
|Beta (3Y Monthly)||-1.56|
|PE Ratio (TTM)||11.97|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||0.96 (3.92%)|
|1y Target Est||28.38|
The Dallas Mavericks owner recently sold his stake in Virtu Financial Inc., he wrote in an email to Bloomberg News. Virtu’s shares surged after his investment came to light, even as the stock market tanked, peaking above $37 in April. Cuban exited Virtu as he shifts his portfolio toward cash as the stock market tanks.
Virtu, originally founded to trade with its own money, agreed last week to buy Investment Technology Group Inc., a broker-dealer that executes trades for more more than 1,000 firms, including mutual, pension and hedge funds. The ITG deal, valued at about $1 billion, has caused some to worry that Virtu, one of modern finance’s most successful traders, will snoop on its soon-to-be clients’ orders, leveraging that knowledge to place winning trades before they do. Virtu denies it’ll do that and says it will erect barriers to keep those businesses separate and assuage critics’ concerns.
Moody's Investors Service (Moody's) today affirmed VFH Parent LLC's Ba3 issuer rating, Ba2 senior secured first lien term loan rating and B1 senior secured second lien notes rating. VFH Parent LLC (Virtu) is the debt-issuing entity of Virtu Financial, Inc. (VFI). Moody's said that Virtu's issuer-level outlook remains stable.
NEW YORK, Nov. 12, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
NEW YORK, Nov. 08, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
Virtu Financial Inc. is buying brokerage Investment Technology Group Inc. for nearly $1 billion in a deal it said would help stabilize its quarterly earnings results. The terms of the acquisition call for the high-speed trading firm to purchase ITG for $30.30 a share, or about $999.6 million. On Wednesday, it settled an enforcement case with the Securities and Exchange Commission over fraud allegations related to its so-called dark pool.
NEW ORLEANS , Nov. 7, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
Virtu’s $1.3 billion acquisition of rival high-frequency trader KCG Holdings Inc. last year gave it a business that executes orders for retail brokerages. “ITG has built a first-class global institutional client franchise,” Virtu Chief Executive Officer Douglas Cifu said. Competition in the proprietary trading space is intensifying, with Hudson River Trading buying Sun Trading earlier this year.
NEW YORK , Nov. 7, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Investment Technology Group, Inc. ("ITG") (NYSE: ITG) and its board of directors for breach of ...
Although the Republicans added to their majority in the Senate, we officially have more checks in our government after the Democrats won control of the House of Representatives on Tuesday. Given the importance of the government to the stock market, several equities, as well as several other stocks, including Netflix Inc. (NASDAQ:NFLX), Apple Inc. (NASDAQ:AAPL), Virtu Financial Inc. […]
were up around 8% Wednesday, after word the financial technology company was getting snapped up by Virtu Financial, Inc. Shares of Virtu were also up on the news -- by more than 7% -- to $26.40. According to the deal, Virtu will buy all outstanding shares of ITG's common stock for $30.30 per share in cash.
NEW YORK, Nov. 07, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Investment Technology Group, Inc..
(Reuters) - High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc (ITG) (ITG.N) for about $1 billion, ITG said on Wednesday as Virtu looks to add more ...
High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc for about $1 billion, ITG said on Wednesday as Virtu looks to add more big institutional investors. ...
Virtu Financial has agreed to acquire Investment Technology Group for $1 billion, cementing the electronic proprietary trader’s ambition to expand into broking.
Here are some of the companies with shares expected to trade actively in Wednesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Virtu Financial (VIRT) delivered earnings and revenue surprises of 4.76% and 4.50%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Shares of Investment Technology Group Inc. shot up 7.6% in premarket trade Wednesday, after the financial technology company announced an agreement to be acquired by Virtu Financial Inc. in a deal that values the company at about $1 billion. Under terms of the deal, Virtu will pay $30.30 in cash for each ITG share outstanding, which is 9.2% above Tuesday's closing price of $27.75, and implies a market capitalization for ITG of $999.6 million. Virtu's stock rallied 5.5% ahead of the open. Separately, ITG reported third-quarter earnings and revenue that beat expectations, according to FactSet, while Virtu met earnings projections but beat on revenue. ITG's stock has run up 27.5% over the past three months and Virtu shares have gained 3.1%, while the S&P 500 has lost 3.6%.
, the US electronic market maker, has agreed a deal to buy rival agency broker ITG for $1bn in cash, as the fragmented trading industry consolidates to combat rising IT costs. Virtu will pay $30.30 per share in cash for ITG, a 40 per cent premium to ITG’s share price before news of the potential deal leaked into the market, it said in a statement on Wednesday. Doug Cifu, Virtu’s chief executive, will become chief executive of the combined company.
On a per-share basis, the New York-based company said it had net income of 8 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 22 cents per share. The results surpassed Wall ...
Virtu Financial, Inc. (VIRT) today announced that it has entered into a definitive agreement to acquire Investment Technology Group, Inc. (ITG), which has been unanimously approved by the Board of Directors of ITG and Virtu. Virtu has agreed to acquire ITG in a cash transaction valued at $30.30 per ITG share.