GAMMA Investing LLC Raises Position in Virtu Financial, Inc. (NASDAQ:VIRT)

GAMMA Investing LLC increased its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 135.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,686 shares of the financial services provider’s stock after purchasing an additional 3,276 shares during the period. GAMMA Investing LLC’s holdings in Virtu Financial were worth $203,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in shares of Virtu Financial by 136.7% during the 2nd quarter. Rhumbline Advisers now owns 214,766 shares of the financial services provider’s stock valued at $4,821,000 after acquiring an additional 124,024 shares during the last quarter. Savant Capital LLC increased its position in Virtu Financial by 3.3% during the second quarter. Savant Capital LLC now owns 56,462 shares of the financial services provider’s stock worth $1,268,000 after purchasing an additional 1,790 shares during the last quarter. Oak Thistle LLC purchased a new position in Virtu Financial during the second quarter worth approximately $450,000. Choreo LLC acquired a new position in shares of Virtu Financial in the 2nd quarter valued at $418,000. Finally, Federated Hermes Inc. increased its holdings in shares of Virtu Financial by 2.4% during the 2nd quarter. Federated Hermes Inc. now owns 102,107 shares of the financial services provider’s stock worth $2,292,000 after buying an additional 2,409 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VIRT shares. Morgan Stanley lifted their target price on Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. The Goldman Sachs Group lifted their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Bank of America cut their price target on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Piper Sandler boosted their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Citigroup increased their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Virtu Financial presently has a consensus rating of “Hold” and an average target price of $30.21.

Virtu Financial Trading Down 0.5 %

Shares of VIRT opened at $36.18 on Wednesday. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $38.45. The stock has a 50-day moving average price of $35.66 and a 200 day moving average price of $31.32. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $5.59 billion, a P/E ratio of 18.18, a P/E/G ratio of 0.49 and a beta of 0.45.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $388.00 million during 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%. The business’s revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS. Sell-side analysts forecast that Virtu Financial, Inc. will post 2.71 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.65%. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

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.