Virtu Financial, Inc. (NASDAQ:VIRT) Holdings Lifted by Natixis

Natixis raised its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 110.0% during the first quarter, HoldingsChannel.com reports. The firm owned 189,000 shares of the financial services provider’s stock after buying an additional 99,000 shares during the quarter. Natixis’ holdings in Virtu Financial were worth $3,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of Virtu Financial in the first quarter worth about $26,000. Quarry LP lifted its position 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 purchasing an additional 746 shares during the last quarter. CWM LLC lifted its position 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 purchasing an additional 1,127 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 worth $72,000 after purchasing an additional 1,161 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Virtu Financial by 1,867.8% during the 4th quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 3,885 shares during the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Analysts Set New Price Targets

VIRT has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Virtu Financial from $20.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Piper Sandler upped their price target on Virtu Financial from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, July 19th. UBS Group upped 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. Bank of America upped their price target on Virtu Financial from $25.00 to $37.00 and gave the company a “buy” rating in a report on Monday. Finally, Morgan Stanley upped their price target on Virtu Financial from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.36.

Virtu Financial Trading Up 0.1 %

VIRT stock opened at $27.92 on Friday. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $29.69. The firm has a market cap of $4.39 billion, a P/E ratio of 19.50, a P/E/G ratio of 0.52 and a beta of 0.39. The business’s 50 day moving average is $23.56 and its 200-day moving average is $20.93. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.21.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.23. Virtu Financial had a return on equity of 22.67% and a net margin of 7.59%. The company had revenue of $385.10 million for the quarter, compared to analyst estimates of $331.92 million. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue was up 38.2% compared to the same quarter last year. Equities analysts anticipate that Virtu Financial, Inc. will post 2.26 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be given a dividend of $0.24 per share. The ex-dividend date is Sunday, September 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.44%. Virtu Financial’s dividend payout ratio (DPR) is presently 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.