Virtu Financial, Inc. (NASDAQ:VIRT) Position Increased by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 136.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 214,766 shares of the financial services provider’s stock after buying an additional 124,024 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Virtu Financial worth $4,821,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of VIRT. Amalgamated Bank boosted its stake in Virtu Financial by 43.9% in the fourth quarter. Amalgamated Bank now owns 19,904 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 6,076 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Virtu Financial by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,123,418 shares of the financial services provider’s stock worth $22,760,000 after purchasing an additional 86,313 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Virtu Financial by 518.6% during the 4th quarter. BNP Paribas Financial Markets now owns 57,037 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 47,816 shares during the period. Dimensional Fund Advisors LP grew its stake in Virtu Financial by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,868,222 shares of the financial services provider’s stock worth $37,851,000 after buying an additional 92,279 shares during the last quarter. Finally, Norges Bank acquired a new stake in Virtu Financial in the fourth quarter worth $12,575,000. 45.78% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Stock Performance

Shares of NASDAQ VIRT opened at $32.04 on Monday. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $32.22. The firm has a market cap of $4.99 billion, a P/E ratio of 22.41, a PEG ratio of 0.50 and a beta of 0.38. The stock has a fifty day moving average price of $28.41 and a two-hundred day moving average price of $24.02. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.43 and a current ratio of 0.43.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results 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 22.74% and a net margin of 7.59%. The business had revenue of $385.10 million during the quarter, compared to analysts’ expectations of $331.92 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 38.2% on a year-over-year basis. Research analysts forecast that Virtu Financial, Inc. will post 2.42 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were issued a $0.24 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.00%. Virtu Financial’s payout ratio is currently 67.13%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, July 1st. StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. The Goldman Sachs Group boosted their price objective on Virtu Financial from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Citigroup raised their target price on Virtu Financial from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Piper Sandler boosted their price target on Virtu Financial from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.36.

Insider Activity at Virtu Financial

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of Virtu Financial stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $27.30, for a total value of $147,420.00. Following the transaction, the director now owns 24,122 shares in the company, valued at $658,530.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 46.70% of the company’s stock.

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.