Victory Capital Management Inc. Trims Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Victory Capital Management Inc. decreased its holdings in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 31.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 425,590 shares of the financial services provider's stock after selling 191,364 shares during the quarter. Victory Capital Management Inc. owned 0.28% of Virtu Financial worth $12,963,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VIRT. USA Financial Formulas bought a new stake in shares of Virtu Financial during the 3rd quarter valued at $33,000. International Assets Investment Management LLC bought a new position in shares of Virtu Financial during the 2nd quarter valued at approximately $39,000. Innealta Capital LLC purchased a new position in shares of Virtu Financial during the second quarter valued at approximately $46,000. First Horizon Advisors Inc. boosted its holdings in Virtu Financial by 21.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 372 shares during the period. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of 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 valued at $45,000 after purchasing an additional 781 shares in the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup lifted their target price 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 reduced their price objective on Virtu Financial from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Piper Sandler restated an "overweight" rating and set a $35.00 target price on shares of Virtu Financial in a research report on Thursday, October 24th. Morgan Stanley boosted their price target on Virtu Financial from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. 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 research note on Monday, September 30th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Virtu Financial has a consensus rating of "Hold" and an average target price of $29.50.

Virtu Financial Stock Performance

NASDAQ VIRT opened at $36.99 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The stock's fifty day moving average is $32.49 and its two-hundred day moving average is $28.07. The firm has a market capitalization of $5.72 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 0.58 and a beta of 0.38. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $37.23.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate 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 return on equity of 23.22% and a net margin of 7.29%. The company's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. On average, research analysts anticipate that Virtu Financial, Inc. will post 2.7 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 2.60%. Virtu Financial's dividend payout ratio (DPR) is 48.24%.

Virtu Financial 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.