Choreo LLC Takes Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Choreo LLC acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,479 shares of the financial services provider’s stock, valued at approximately $418,000.

A number of other hedge funds have also recently modified their holdings of the business. First Horizon Advisors Inc. grew its position in shares of Virtu Financial by 21.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 372 shares during the period. First Bank & Trust boosted its holdings in Virtu Financial by 3.9% in the 1st quarter. First Bank & Trust now owns 19,614 shares of the financial services provider’s stock worth $402,000 after buying an additional 734 shares during the period. Quarry LP boosted its holdings in Virtu Financial by 79.9% in the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after buying an additional 746 shares during the period. Abich Financial Wealth Management LLC boosted its holdings in Virtu Financial by 55.3% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock worth $45,000 after buying an additional 781 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Virtu Financial by 3.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 40,908 shares of the financial services provider’s stock worth $841,000 after buying an additional 1,217 shares during the period. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Up 1.2 %

Shares of NASDAQ VIRT opened at $32.43 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $5.05 billion, a P/E ratio of 22.68, a PEG ratio of 0.50 and a beta of 0.38. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $32.77. The firm has a 50-day simple moving average of $28.41 and a two-hundred day simple moving average of $24.02.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.23. The business had revenue of $385.10 million during the quarter, compared to the consensus estimate of $331.92 million. Virtu Financial had a net margin of 7.59% and a return on equity of 22.74%. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. Research analysts anticipate that Virtu Financial, Inc. will post 2.42 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, August 30th. Virtu Financial’s dividend payout ratio is presently 67.13%.

Insider Activity

In other 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 transaction of $147,420.00. Following the completion of the sale, the director now owns 24,122 shares of the company’s stock, valued at $658,530.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Virtu Financial from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Piper Sandler increased their price objective on shares of Virtu Financial from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Citigroup increased their price objective on shares of Virtu Financial from $26.00 to $32.00 and gave the company a “buy” rating in a report on Friday, July 19th. Bank of America increased their price objective on shares of Virtu Financial from $25.00 to $37.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.