Quarry LP Increases Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Quarry LP raised its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 79.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,680 shares of the financial services provider’s stock after buying an additional 746 shares during the quarter. Quarry LP’s holdings in Virtu Financial were worth $34,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Virtu Financial by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,868,222 shares of the financial services provider’s stock valued at $37,851,000 after purchasing an additional 92,279 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Virtu Financial by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,123,418 shares of the financial services provider’s stock valued at $22,760,000 after purchasing an additional 86,313 shares in the last quarter. Gratus Capital LLC raised its holdings in shares of Virtu Financial by 5.9% in the fourth quarter. Gratus Capital LLC now owns 832,529 shares of the financial services provider’s stock worth $16,867,000 after buying an additional 46,719 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Virtu Financial by 156.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 801,024 shares of the financial services provider’s stock worth $13,834,000 after buying an additional 489,264 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Virtu Financial by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 735,611 shares of the financial services provider’s stock valued at $14,903,000 after buying an additional 64,086 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Stock Down 0.0 %

VIRT stock opened at $23.41 on Tuesday. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $25.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.45. The firm’s fifty day moving average is $22.34 and its 200 day moving average is $20.14. The firm has a market cap of $3.68 billion, a PE ratio of 16.37, a P/E/G ratio of 0.51 and a beta of 0.36.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. Virtu Financial had a net margin of 6.04% and a return on equity of 17.33%. The business had revenue of $366.87 million for the quarter, compared to analyst estimates of $334.79 million. On average, research analysts forecast that Virtu Financial, Inc. will post 2.08 EPS for the current year.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders 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 was Friday, May 31st. Virtu Financial’s payout ratio is currently 67.13%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VIRT. StockNews.com lowered Virtu Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 11th. JPMorgan Chase & Co. upped their target price on Virtu Financial from $20.00 to $21.50 and gave the company a “neutral” rating in a research report on Thursday, April 25th. The Goldman Sachs Group increased their price target on shares of Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a report on Friday, April 26th. Piper Sandler lifted their price objective on shares of Virtu Financial from $21.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Citigroup increased their price objective on shares of Virtu Financial from $22.50 to $24.50 and gave the stock a “buy” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.24.

Virtu Financial Company 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.