Public Sector Pension Investment Board Has $12.47 Million Position in Virtu Financial, Inc. $VIRT

Public Sector Pension Investment Board increased its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,190 shares of the financial services provider’s stock after purchasing an additional 35,649 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.23% of Virtu Financial worth $12,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Yousif Capital Management LLC increased its holdings in shares of Virtu Financial by 0.8% during the second quarter. Yousif Capital Management LLC now owns 29,986 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 227 shares in the last quarter. Bessemer Group Inc. grew its position in Virtu Financial by 96.0% during the 2nd quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 285 shares during the last quarter. California State Teachers Retirement System increased its holdings in Virtu Financial by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 76,473 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 369 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Virtu Financial by 103.8% in the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 387 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Virtu Financial by 32.0% during the third quarter. Farther Finance Advisors LLC now owns 1,712 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 415 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley upped their price target on shares of Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a research report on Thursday, January 22nd. Bank of America raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, October 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of Virtu Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.00.

Virtu Financial Stock Up 2.1%

Virtu Financial stock opened at $38.38 on Monday. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.14 and a beta of 0.61. Virtu Financial, Inc. has a 52-week low of $31.55 and a 52-week high of $45.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a 50 day moving average price of $35.69 and a two-hundred day moving average price of $36.45.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.73. The company had revenue of $969.89 million during the quarter, compared to analysts’ expectations of $513.51 million. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. Virtu Financial’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. Equities analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. Virtu Financial’s dividend payout ratio (DPR) is 18.71%.

Insider Activity

In related news, EVP Stephen Cavoli sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $37.61, for a total transaction of $1,128,300.00. Following the completion of the sale, the executive vice president owned 174,561 shares of the company’s stock, valued at $6,565,239.21. This trade represents a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 47.20% of the stock is owned by corporate insiders.

Virtu Financial Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.