Virtu Financial, Inc. (NASDAQ:VIRT) Shares Bought by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC raised its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 12.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,530 shares of the financial services provider’s stock after buying an additional 2,540 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Virtu Financial were worth $686,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Nebula Research & Development LLC acquired a new position in shares of Virtu Financial during the 4th quarter worth $1,478,000. Quarry LP grew its stake in shares of Virtu Financial by 79.9% during the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 746 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Virtu Financial during the 4th quarter worth $247,000. Alaska Permanent Fund Corp grew its stake in shares of Virtu Financial by 7.1% during the 1st quarter. Alaska Permanent Fund Corp now owns 135,766 shares of the financial services provider’s stock worth $2,786,000 after purchasing an additional 9,035 shares during the period. Finally, Congress Asset Management Co. MA grew its stake in shares of Virtu Financial by 1.2% during the 1st quarter. Congress Asset Management Co. MA now owns 340,258 shares of the financial services provider’s stock worth $6,982,000 after purchasing an additional 3,885 shares during the period. 45.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Virtu Financial

In other news, Director Virginia Gambale sold 5,400 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 24,122 shares in the company, valued at $658,530.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 46.70% of the company’s stock.

Virtu Financial Price Performance

NASDAQ VIRT traded down $0.49 during trading hours on Wednesday, reaching $31.59. The company’s stock had a trading volume of 139,397 shares, compared to its average volume of 1,296,598. The stock has a market cap of $4.97 billion, a PE ratio of 22.43, a PEG ratio of 0.54 and a beta of 0.38. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.43 and a current ratio of 0.43. The company’s 50-day moving average is $30.37 and its two-hundred day moving average is $25.48. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $32.88.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.23. The company had revenue of $385.10 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Analysts forecast that Virtu Financial, Inc. will post 2.47 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 3.04%. Virtu Financial’s payout ratio is currently 67.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Bank of America lowered their price target on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. Citigroup upped their price target on shares of Virtu Financial from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. UBS Group increased their price objective on shares of Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.07.

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.