Robeco Institutional Asset Management B.V. Has $4 Million Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Robeco Institutional Asset Management B.V. raised its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 227.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,194 shares of the financial services provider's stock after purchasing an additional 77,980 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of Virtu Financial worth $4,003,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. R Squared Ltd acquired a new position in Virtu Financial in the 4th quarter valued at about $25,000. USA Financial Formulas acquired a new position in shares of Virtu Financial in the third quarter valued at approximately $33,000. Albion Financial Group UT bought a new position in shares of Virtu Financial during the fourth quarter worth approximately $45,000. GAMMA Investing LLC lifted its holdings in Virtu Financial by 149.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider's stock worth $73,000 after purchasing an additional 1,442 shares during the last quarter. Finally, KBC Group NV boosted its stake in Virtu Financial by 42.9% in the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 860 shares during the period. Institutional investors and hedge funds own 45.78% of the company's stock.

Virtu Financial Price Performance

VIRT traded down $0.76 on Thursday, hitting $40.20. 1,228,718 shares of the stock were exchanged, compared to its average volume of 887,642. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.52 and a beta of 0.46. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $41.38. The business has a 50-day moving average of $37.05 and a two-hundred day moving average of $33.47.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. Sell-side analysts forecast that Virtu Financial, Inc. will post 2.85 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial's dividend payout ratio is presently 32.32%.

Analyst Ratings Changes

Several research firms have weighed in on VIRT. Citigroup increased their price objective on Virtu Financial from $32.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Piper Sandler lifted their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley boosted their price objective on shares of Virtu Financial from $31.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Virtu Financial has an average rating of "Hold" and an average price target of $31.36.

Virtu Financial Company Profile

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.