Lombard Odier Asset Management Europe Ltd Purchases 7,500 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Lombard Odier Asset Management Europe Ltd lifted its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,000 shares of the financial services provider’s stock after purchasing an additional 7,500 shares during the quarter. Lombard Odier Asset Management Europe Ltd owned approximately 0.06% of Virtu Financial worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Sector Pension Investment Board bought a new position in shares of Virtu Financial during the 2nd quarter worth approximately $4,371,000. Delap Wealth Advisory LLC bought a new position in Virtu Financial during the 2nd quarter valued at about $206,000. Thrivent Financial for Lutherans boosted its holdings in shares of Virtu Financial by 90.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 319,101 shares of the financial services provider’s stock worth $7,164,000 after acquiring an additional 151,921 shares in the last quarter. Sei Investments Co. increased its holdings in Virtu Financial by 53.7% during the 2nd quarter. Sei Investments Co. now owns 192,012 shares of the financial services provider’s stock valued at $4,311,000 after purchasing an additional 67,080 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Virtu Financial in the 2nd quarter valued at $381,000. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Performance

Shares of Virtu Financial stock opened at $31.15 on Tuesday. The stock’s fifty day simple moving average is $29.55 and its 200 day simple moving average is $24.57. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $4.90 billion, a PE ratio of 21.78, a PEG ratio of 0.52 and a beta of 0.38. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $32.88.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $0.29 EPS. Virtu Financial’s revenue for the quarter was up 38.2% compared to the same quarter last year. On average, research analysts predict that Virtu Financial, Inc. will post 2.42 EPS for the current year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders 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 3.08%. Virtu Financial’s dividend payout ratio (DPR) is 67.13%.

Insider Transactions at Virtu Financial

In other news, Director Virginia Gambale sold 5,400 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the completion of the transaction, the director now directly owns 24,122 shares of the company’s stock, valued at approximately $658,530.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 46.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VIRT. UBS Group upped their price target on shares of Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. The Goldman Sachs Group boosted their target price 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 price target on Virtu Financial from $26.00 to $32.00 and gave the company a “buy” rating in a report on Friday, July 19th. Piper Sandler boosted their price target on shares of Virtu Financial from $25.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Bank of America increased their price target on Virtu Financial from $25.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.36.

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.