Congress Asset Management Co. MA Decreases Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Congress Asset Management Co. MA decreased its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,373 shares of the financial services provider’s stock after selling 13,998 shares during the quarter. Congress Asset Management Co. MA owned about 0.21% of Virtu Financial worth $6,815,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Virtu Financial by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,037,105 shares of the financial services provider’s stock valued at $17,911,000 after acquiring an additional 126,965 shares in the last quarter. HighTower Advisors LLC increased its stake in Virtu Financial by 1.6% during the 3rd quarter. HighTower Advisors LLC now owns 85,873 shares of the financial services provider’s stock valued at $1,483,000 after purchasing an additional 1,388 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Virtu Financial by 18.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,611 shares of the financial services provider’s stock worth $321,000 after buying an additional 2,889 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Virtu Financial by 131.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 84,802 shares of the financial services provider’s stock worth $1,449,000 after buying an additional 48,127 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Virtu Financial during the third quarter valued at $1,342,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Virtu Financial Trading Down 0.3 %

Shares of Virtu Financial stock opened at $23.42 on Monday. The firm has a 50-day simple moving average of $22.29 and a two-hundred day simple moving average of $20.10. 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, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $25.68. The company has a market cap of $3.68 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 0.51 and a beta of 0.36.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Virtu Financial had a return on equity of 17.33% and a net margin of 6.04%. The company 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 2.08 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Saturday, June 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Friday, May 31st. Virtu Financial’s payout ratio is presently 67.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Bank of America lifted their price target on Virtu Financial from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Citigroup upped their target price on Virtu Financial from $22.50 to $24.50 and gave the company a “buy” rating in a research report on Thursday, April 25th. Morgan Stanley raised their price target on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group upped their price objective on shares of Virtu Financial from $19.20 to $21.70 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, Piper Sandler raised their target price on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Virtu Financial has an average rating of “Hold” and an average price target of $22.24.

Virtu Financial Profile

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.