Royce & Associates LP Increases Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)


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Royce & Associates LP increased its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,234,211 shares of the financial services provider’s stock after buying an additional 73,235 shares during the period. Royce & Associates LP owned 0.64% of Virtu Financial worth $31,065,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VIRT. AGF Investments Inc. raised its holdings in Virtu Financial by 4.2% during the 4th quarter. AGF Investments Inc. now owns 208,477 shares of the financial services provider’s stock valued at $5,247,000 after acquiring an additional 8,477 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Virtu Financial during the 3rd quarter valued at $2,087,000. AQR Capital Management LLC lifted its holdings in Virtu Financial by 378.2% during the 3rd quarter. AQR Capital Management LLC now owns 385,092 shares of the financial services provider’s stock worth $8,861,000 after purchasing an additional 304,560 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Virtu Financial by 75.5% in the 3rd quarter. Victory Capital Management Inc. now owns 29,166 shares of the financial services provider’s stock worth $671,000 after purchasing an additional 12,549 shares during the period. Finally, Aperio Group LLC grew its holdings in Virtu Financial by 15.3% during the 3rd quarter. Aperio Group LLC now owns 101,982 shares of the financial services provider’s stock valued at $2,347,000 after buying an additional 13,565 shares in the last quarter. Institutional investors and hedge funds own 58.27% of the company’s stock.

Shares of NASDAQ VIRT opened at $26.97 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50 day simple moving average of $26.48 and a two-hundred day simple moving average of $24.58. Virtu Financial, Inc. has a fifty-two week low of $17.30 and a fifty-two week high of $29.76. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 6.50 and a beta of -0.26.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Thursday, February 11th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.37. The firm had revenue of $455.93 million for the quarter, compared to analysts’ expectations of $358.12 million. Virtu Financial had a return on equity of 52.12% and a net margin of 17.49%. On average, analysts forecast that Virtu Financial, Inc. will post 5.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 26th. This represents a $0.96 dividend on an annualized basis and a yield of 3.56%. Virtu Financial’s payout ratio is currently 157.38%.

A number of brokerages recently issued reports on VIRT. Morgan Stanley increased their price objective on Virtu Financial from $24.00 to $25.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 16th. Zacks Investment Research raised shares of Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, February 17th. Finally, Rosenblatt Securities increased their target price on Virtu Financial from $28.00 to $32.00 and gave the company a “buy” rating in a report on Friday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.90.

Virtu Financial Company Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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