Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 31.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 425,590 shares of the financial services provider’s stock after selling 191,364 shares during the quarter. Victory Capital Management Inc. owned about 0.28% of Virtu Financial worth $12,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIRT. Janney Montgomery Scott LLC increased its holdings in Virtu Financial by 28.6% in the first quarter. Janney Montgomery Scott LLC now owns 14,199 shares of the financial services provider’s stock worth $291,000 after buying an additional 3,162 shares during the last quarter. Sei Investments Co. grew its stake in shares of Virtu Financial by 14.1% in the first quarter. Sei Investments Co. now owns 124,932 shares of the financial services provider’s stock worth $2,564,000 after acquiring an additional 15,435 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Virtu Financial by 76.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 73,572 shares of the financial services provider’s stock worth $1,510,000 after acquiring an additional 31,884 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Virtu Financial by 3.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 40,908 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 1,217 shares during the last quarter. Finally, Natixis grew its stake in shares of Virtu Financial by 110.0% in the first quarter. Natixis now owns 189,000 shares of the financial services provider’s stock worth $3,878,000 after acquiring an additional 99,000 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VIRT has been the topic of several research analyst reports. Piper Sandler restated an “overweight” rating and issued a $35.00 price objective on shares of Virtu Financial in a research note on Thursday, October 24th. Bank of America cut their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group lifted their price target on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Citigroup lifted their price target on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley lifted their price objective on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.50.

Virtu Financial Trading Up 0.2 %

NASDAQ:VIRT opened at $36.99 on Thursday. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $37.23. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $5.72 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 0.55 and a beta of 0.38. The business’s 50-day simple moving average is $32.49 and its 200-day simple moving average is $28.07.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The business had revenue of $388.00 million for the quarter, compared to analysts’ expectations of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. Virtu Financial’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. Sell-side analysts expect that Virtu Financial, Inc. will post 2.7 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, November 29th. Virtu Financial’s payout ratio is 48.24%.

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.