Virtu Financial, Inc. $VIRT Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 12.2% in the 2nd quarter, Holdings Channel reports. The firm owned 37,526 shares of the financial services provider’s stock after acquiring an additional 4,080 shares during the quarter. Cetera Investment Advisers’ holdings in Virtu Financial were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Creative Planning acquired a new position in Virtu Financial during the 2nd quarter valued at approximately $235,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Virtu Financial by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,734 shares of the financial services provider’s stock valued at $929,000 after acquiring an additional 1,399 shares during the period. Advisors Capital Management LLC grew its position in shares of Virtu Financial by 2.1% during the second quarter. Advisors Capital Management LLC now owns 180,038 shares of the financial services provider’s stock worth $8,064,000 after acquiring an additional 3,738 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Virtu Financial by 2.1% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,999 shares of the financial services provider’s stock worth $940,000 after acquiring an additional 430 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Virtu Financial by 3.4% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 31,288 shares of the financial services provider’s stock worth $1,401,000 after acquiring an additional 1,024 shares during the period. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Trading Up 1.2%

Virtu Financial stock opened at $35.76 on Monday. Virtu Financial, Inc. has a 12-month low of $31.89 and a 12-month high of $45.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $5.47 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.14 and a beta of 0.60. The firm has a 50 day simple moving average of $34.33 and a 200-day simple moving average of $39.16.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share for the quarter. The firm had revenue of $274.00 million during the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. As a group, equities research analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.96 annualized dividend and a yield of 2.7%. Virtu Financial’s dividend payout ratio (DPR) is currently 20.78%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VIRT. The Goldman Sachs Group decreased their target price on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. UBS Group reiterated a “neutral” rating and set a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Finally, Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.71.

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.