KBC Group NV Has $139,000 Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

KBC Group NV raised its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 35.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,884 shares of the financial services provider’s stock after acquiring an additional 1,020 shares during the quarter. KBC Group NV’s holdings in Virtu Financial were worth $139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC lifted its stake in Virtu Financial by 38.0% in the 3rd quarter. FMR LLC now owns 4,974,095 shares of the financial services provider’s stock valued at $151,511,000 after purchasing an additional 1,368,419 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Virtu Financial in the third quarter valued at approximately $29,815,000. Portolan Capital Management LLC acquired a new stake in shares of Virtu Financial in the third quarter valued at approximately $11,918,000. JPMorgan Chase & Co. boosted its stake in shares of Virtu Financial by 48.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider’s stock worth $10,907,000 after acquiring an additional 117,062 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Virtu Financial by 400.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider’s stock worth $10,008,000 after acquiring an additional 262,835 shares during the last quarter. Institutional investors own 45.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley raised their price target on Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday. Piper Sandler raised their target price on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.36.

Virtu Financial Trading Down 1.9 %

Shares of Virtu Financial stock opened at $40.20 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The firm has a 50-day moving average of $37.05 and a 200-day moving average of $33.47. Virtu Financial, Inc. has a 52-week low of $16.02 and a 52-week high of $41.38. The stock has a market cap of $6.22 billion, a PE ratio of 13.54, a PEG ratio of 0.52 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. As a group, sell-side analysts forecast that Virtu Financial, Inc. will post 2.85 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s dividend payout ratio is currently 32.32%.

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.