Virtu Financial, Inc. (NASDAQ:VIRT) Stake Increased by First Bank & Trust

First Bank & Trust grew its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,614 shares of the financial services provider’s stock after purchasing an additional 734 shares during the period. First Bank & Trust’s holdings in Virtu Financial were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VIRT. Norges Bank purchased a new stake in shares of Virtu Financial in the fourth quarter valued at $12,575,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Virtu Financial by 156.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 801,024 shares of the financial services provider’s stock valued at $13,834,000 after purchasing an additional 489,264 shares in the last quarter. 1834 Investment Advisors Co. lifted its holdings in shares of Virtu Financial by 913.6% in the fourth quarter. 1834 Investment Advisors Co. now owns 306,289 shares of the financial services provider’s stock valued at $6,205,000 after purchasing an additional 276,071 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Virtu Financial during the third quarter worth $2,294,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Virtu Financial by 23.7% during the third quarter. Envestnet Asset Management Inc. now owns 504,739 shares of the financial services provider’s stock worth $8,717,000 after acquiring an additional 96,772 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Analyst Ratings Changes

VIRT has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a report on Friday, April 26th. Piper Sandler increased their price objective on Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Morgan Stanley increased their price objective on Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Bank of America increased their price objective on Virtu Financial from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on Virtu Financial from $20.00 to $21.50 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.24.

Virtu Financial Trading Down 1.4 %

Virtu Financial stock opened at $22.45 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.45 and a quick ratio of 0.45. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.48 and a beta of 0.36. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $25.68. The company’s fifty day moving average price is $22.79 and its two-hundred day moving average price is $20.40.

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, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $366.87 million for the quarter, compared to the consensus estimate of $334.79 million. Virtu Financial had a return on equity of 17.33% and a net margin of 6.04%. On average, analysts forecast that Virtu Financial, Inc. will post 2.08 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Friday, May 31st. Virtu Financial’s dividend payout ratio is currently 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.