SG Americas Securities LLC Raises Stock Holdings in Virtu Financial, Inc. $VIRT

SG Americas Securities LLC raised its stake in shares of Virtu Financial, Inc. (NYSE:VIRT) by 6.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 208,816 shares of the company’s stock after acquiring an additional 12,328 shares during the period. SG Americas Securities LLC owned approximately 0.14% of Virtu Financial worth $9,184,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in 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 boosted its holdings in Virtu Financial by 480.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 836 shares of the company’s stock worth $28,000 after purchasing an additional 692 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in 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 purchasing an additional 332 shares during the period. Quarry LP bought a new stake in Virtu Financial in the 3rd quarter worth approximately $35,000. Finally, Neo Ivy Capital Management raised its stake in Virtu Financial by 93.7% during the 3rd quarter. Neo Ivy Capital Management now owns 978 shares of the company’s stock valued at $35,000 after buying an additional 473 shares during the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Insider Activity at Virtu Financial

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

Analysts Set New Price Targets

VIRT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Virtu Financial from $44.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley upped their price objective on Virtu Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Piper Sandler increased their target price on Virtu Financial from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, March 20th. The Goldman Sachs Group raised their target price on Virtu Financial from $46.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.67.

Virtu Financial Trading Down 0.8%

Shares of VIRT stock opened at $60.54 on Friday. Virtu Financial, Inc. has a 1 year low of $31.55 and a 1 year high of $64.88. The firm has a fifty day moving average price of $53.49 and a 200-day moving average price of $44.08. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.49 and a beta of 0.61.

Virtu Financial (NYSE:VIRT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.66 by $0.58. The firm had revenue of $786.53 million during the quarter, compared to analyst estimates of $613.12 million. Virtu Financial had a return on equity of 51.63% and a net margin of 14.17%.Virtu Financial’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 EPS. As a group, equities analysts predict that Virtu Financial, Inc. will post 5.7 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. Virtu Financial’s dividend payout ratio (DPR) is 15.89%.

Virtu Financial Profile

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.