Bleakley Financial Group LLC Decreases Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Bleakley Financial Group LLC reduced its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 1.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 120,790 shares of the financial services provider’s stock after selling 2,326 shares during the period. Bleakley Financial Group LLC’s holdings in Virtu Financial were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Riverview Trust Co purchased a new position in shares of Virtu Financial in the first quarter worth approximately $26,000. Quarry LP boosted its stake in shares of Virtu Financial by 79.9% during the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 746 shares during the last quarter. CWM LLC boosted its stake in shares of Virtu Financial by 112.3% during the 4th quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,127 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Virtu Financial by 48.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,574 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 1,161 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Virtu Financial by 1,867.8% during the fourth quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 3,885 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Analyst Ratings Changes

VIRT has been the subject of a number of analyst reports. Piper Sandler increased their price objective on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. UBS Group raised their price target on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, July 1st. StockNews.com upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. The Goldman Sachs Group boosted their price target on Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a report on Friday, April 26th. Finally, Citigroup increased their price objective on shares of Virtu Financial from $22.50 to $24.50 and gave the company a “buy” rating in a report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.10.

Virtu Financial Stock Up 1.9 %

NASDAQ VIRT opened at $23.51 on Thursday. The stock has a 50 day moving average price of $22.92 and a 200-day moving average price of $20.59. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $25.68. The company has a market capitalization of $3.70 billion, a P/E ratio of 16.44, a P/E/G ratio of 0.46 and a beta of 0.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.45.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Virtu Financial had a net margin of 6.04% and a return on equity of 17.33%. The firm had revenue of $366.87 million for the quarter, compared to the consensus estimate of $334.79 million. As a group, equities analysts predict that Virtu Financial, Inc. will post 2.1 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Friday, May 31st. Virtu Financial’s dividend payout ratio (DPR) is 67.13%.

About Virtu Financial

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.