Atlas Capital Advisors Inc. Buys New Holdings in Virtu Financial, Inc. $VIRT

Atlas Capital Advisors Inc. acquired a new position in shares of Virtu Financial, Inc. (NYSE:VIRT) in the 4th quarter, Holdings Channel.com reports. The firm acquired 14,919 shares of the company’s stock, valued at approximately $497,000.

Several other hedge funds also recently made changes to their positions in VIRT. Rothschild Investment LLC increased its stake in Virtu Financial by 3,460.0% in the third quarter. Rothschild Investment LLC now owns 712 shares of the company’s stock valued at $25,000 after acquiring an additional 692 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Virtu Financial by 258.3% during the third quarter. Assetmark Inc. now owns 713 shares of the company’s stock valued at $25,000 after purchasing an additional 514 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Virtu Financial by 103.8% during the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after purchasing an additional 387 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of Virtu Financial by 480.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 836 shares of the company’s stock worth $28,000 after acquiring an additional 692 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Virtu Financial by 51.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock worth $35,000 after acquiring an additional 332 shares during the last quarter. 45.78% of the stock is owned by institutional investors.

Virtu Financial Stock Performance

Shares of NYSE VIRT opened at $57.67 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.92. Virtu Financial, Inc. has a 12-month low of $31.55 and a 12-month high of $58.37. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61. The firm has a 50 day moving average of $51.23 and a 200 day moving average of $42.47.

Virtu Financial (NYSE:VIRT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.58. Virtu Financial had a net margin of 14.17% and a return on equity of 51.63%. The business had revenue of $786.53 million for the quarter, compared to the consensus estimate of $613.12 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. On average, research analysts anticipate that Virtu Financial, Inc. will post 5.53 earnings per share for the current year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.24 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. Virtu Financial’s payout ratio is 15.89%.

Wall Street Analysts Forecast Growth

VIRT has been the subject of a number of recent analyst reports. Zacks Research raised shares of Virtu Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Piper Sandler increased their target price on shares of Virtu Financial from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. The Goldman Sachs Group increased their target price on shares of Virtu Financial from $46.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Virtu Financial in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Virtu Financial from $44.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

Insiders Place Their Bets

In other Virtu Financial news, COO Brett Fairclough sold 30,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $50.06, for a total transaction of $1,501,800.00. Following the transaction, the chief operating officer owned 42,473 shares in the company, valued at $2,126,198.38. The trade was a 41.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 46.76% of the stock is owned by company insiders.

About Virtu Financial

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.