Exchange Traded Concepts LLC boosted its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,438 shares of the financial services provider's stock after buying an additional 12,061 shares during the period. Exchange Traded Concepts LLC owned approximately 0.11% of Virtu Financial worth $6,295,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. USA Financial Formulas purchased a new stake in shares of Virtu Financial in the 3rd quarter valued at approximately $33,000. Albion Financial Group UT acquired a new stake in Virtu Financial in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC raised its position in Virtu Financial by 149.0% in the third quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 1,442 shares during the period. KBC Group NV lifted its stake in Virtu Financial by 42.9% during the third quarter. KBC Group NV now owns 2,864 shares of the financial services provider's stock worth $87,000 after purchasing an additional 860 shares in the last quarter. Finally, Quarry LP lifted its stake in Virtu Financial by 129.1% during the second quarter. Quarry LP now owns 6,130 shares of the financial services provider's stock worth $138,000 after purchasing an additional 3,454 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on VIRT. Citigroup lifted their price objective on Virtu Financial from $32.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Bank of America dropped their target price on Virtu Financial from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Morgan Stanley increased their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Piper Sandler lifted their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their target price on shares of Virtu Financial from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Monday, September 30th. Five equities 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 presently has a consensus rating of "Hold" and an average target price of $30.21.
Read Our Latest Stock Analysis on Virtu Financial
Virtu Financial Stock Up 2.4 %
NASDAQ:VIRT traded up $0.92 during mid-day trading on Friday, hitting $39.52. The stock had a trading volume of 957,362 shares, compared to its average volume of 634,101. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23. Virtu Financial, Inc. has a twelve month low of $16.02 and a twelve month high of $39.60. The company has a market capitalization of $6.11 billion, a PE ratio of 19.86, a PEG ratio of 0.49 and a beta of 0.45. The stock has a 50-day simple moving average of $36.55 and a two-hundred day simple moving average of $32.49.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The business had revenue of $388.00 million for the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The company's revenue was up 30.2% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, equities research analysts anticipate that Virtu Financial, Inc. will post 2.9 EPS for the current year.
Virtu Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Friday, November 29th. Virtu Financial's dividend payout ratio is presently 48.24%.
Virtu Financial Company Profile
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Free Report)
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.
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