Fmr LLC boosted its stake in shares of Virtu Financial Inc (NASDAQ:VIRT) by 338.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,589,201 shares of the financial services provider’s stock after purchasing an additional 2,770,731 shares during the quarter. Fmr LLC owned about 1.88% of Virtu Financial worth $95,294,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in VIRT. State of Alaska Department of Revenue bought a new stake in Virtu Financial during the second quarter worth approximately $125,000. Strs Ohio bought a new stake in Virtu Financial during the second quarter worth approximately $201,000. State of Wisconsin Investment Board bought a new stake in Virtu Financial during the second quarter worth approximately $203,000. State Board of Administration of Florida Retirement System bought a new stake in Virtu Financial during the second quarter worth approximately $206,000. Finally, BNP Paribas Arbitrage SA boosted its position in Virtu Financial by 57.3% during the second quarter. BNP Paribas Arbitrage SA now owns 8,498 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 3,094 shares during the period. 53.90% of the stock is owned by hedge funds and other institutional investors.
VIRT opened at $24.51 on Friday. Virtu Financial Inc has a 1-year low of $14.98 and a 1-year high of $37.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $4.69 billion, a PE ratio of 43.00, a price-to-earnings-growth ratio of 3.50 and a beta of -0.95.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Virtu Financial had a return on equity of 19.62% and a net margin of 11.30%. The company had revenue of $177.92 million during the quarter, compared to analysts’ expectations of $171.99 million. During the same period in the prior year, the business earned $0.08 earnings per share. Virtu Financial’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that Virtu Financial Inc will post 1.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 3.92%. Virtu Financial’s dividend payout ratio is 168.42%.
A number of brokerages have issued reports on VIRT. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.00 target price on shares of Virtu Financial in a research report on Monday, July 30th. Morgan Stanley began coverage on Virtu Financial in a research report on Wednesday, August 8th. They set an “equal weight” rating and a $22.00 target price for the company. ValuEngine cut Virtu Financial from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. BidaskClub cut Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, September 28th. Finally, Compass Point assumed coverage on Virtu Financial in a research report on Wednesday, September 19th. They set a “neutral” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.09.
Virtu Financial Profile
Virtu Financial, Inc engages in the business of buying and selling of securities and other financial instruments. It offers market making and trading solutions. The company was founded by Vincent Viola in 2008 and is headquartered in New York, NY.
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