Capitolis Liquid Global Markets LLC lowered its position in Virtu Financial, Inc. (NYSE:VIRT – Free Report) by 33.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,700 shares of the company’s stock after selling 66,200 shares during the period. Capitolis Liquid Global Markets LLC owned 0.09% of Virtu Financial worth $4,640,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of VIRT. California State Teachers Retirement System raised its position in shares of Virtu Financial by 0.5% during the second quarter. California State Teachers Retirement System now owns 76,473 shares of the company’s stock worth $3,425,000 after purchasing an additional 369 shares during the period. EverSource Wealth Advisors LLC increased its stake in Virtu Financial by 103.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after purchasing an additional 387 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Virtu Financial by 32.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,712 shares of the company’s stock valued at $61,000 after purchasing an additional 415 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Virtu Financial by 2.1% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,999 shares of the company’s stock worth $940,000 after buying an additional 430 shares during the last quarter. Finally, Neo Ivy Capital Management lifted its stake in shares of Virtu Financial by 93.7% in the third quarter. Neo Ivy Capital Management now owns 978 shares of the company’s stock valued at $35,000 after buying an additional 473 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.
Virtu Financial Trading Down 1.4%
NYSE:VIRT opened at $39.11 on Monday. Virtu Financial, Inc. has a 52 week low of $31.55 and a 52 week high of $45.77. The firm has a 50-day moving average price of $38.32 and a two-hundred day moving average price of $36.20. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61.
Virtu Financial (NYSE:VIRT – Get Free Report) last released its earnings results on Thursday, January 29th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.73. The company had revenue of $969.89 million during the quarter, compared to analyst estimates of $513.51 million. Virtu Financial had a return on equity of 48.35% and a net margin of 12.90%.Virtu Financial’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share.
Virtu Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, February 27th. Virtu Financial’s dividend payout ratio is 18.71%.
Wall Street Analysts Forecast Growth
VIRT has been the subject of several recent research reports. Weiss Ratings raised shares of Virtu Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. The Goldman Sachs Group lifted their price target on Virtu Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Zacks Research lowered Virtu Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Piper Sandler raised their target price on Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Morgan Stanley lifted their target price on Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.00.
View Our Latest Report on Virtu Financial
Insider Buying and Selling at Virtu Financial
In other news, COO Joseph Molluso sold 200,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.88, for a total transaction of $7,776,000.00. Following the completion of the sale, the chief operating officer directly owned 326,585 shares of the company’s stock, valued at $12,697,624.80. This trade represents a 37.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen Cavoli sold 28,370 shares of Virtu Financial stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $38.94, for a total value of $1,104,727.80. Following the sale, the executive vice president owned 116,191 shares in the company, valued at $4,524,477.54. The trade was a 19.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 270,000 shares of company stock valued at $10,458,644. Insiders own 46.70% of the company’s stock.
Virtu Financial Profile
Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.
The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.
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