Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 674,672 shares of the financial services provider’s stock after selling 9,844 shares during the quarter. Glenmede Trust Co. NA’s holdings in Virtu Financial were worth $20,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VIRT. CANADA LIFE ASSURANCE Co lifted its stake in shares of Virtu Financial by 3.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 40,908 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 1,217 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Virtu Financial by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,801 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 2,314 shares during the last quarter. Tidal Investments LLC boosted its stake in Virtu Financial by 11.4% in the 1st quarter. Tidal Investments LLC now owns 73,229 shares of the financial services provider’s stock worth $1,503,000 after buying an additional 7,494 shares during the last quarter. Comerica Bank grew its holdings in Virtu Financial by 244.7% in the 1st quarter. Comerica Bank now owns 12,401 shares of the financial services provider’s stock valued at $254,000 after buying an additional 8,803 shares during the period. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Virtu Financial by 55.3% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 781 shares during the last quarter. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Virtu Financial Trading Up 1.7 %

Shares of VIRT opened at $37.34 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $38.45. The stock has a market cap of $5.77 billion, a PE ratio of 18.76, a P/E/G ratio of 0.58 and a beta of 0.38. The stock’s 50-day moving average is $32.89 and its two-hundred day moving average is $28.52.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $388.00 million during the quarter, compared to analysts’ expectations of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. Virtu Financial’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. Equities analysts forecast that Virtu Financial, Inc. will post 2.71 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, November 29th. Virtu Financial’s payout ratio is 48.24%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VIRT shares. Piper Sandler restated an “overweight” rating and issued a $35.00 target price on shares of Virtu Financial in a report on Thursday, October 24th. Morgan Stanley upped their price objective on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Bank of America reduced their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Citigroup upped their price target on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their price objective on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.50.

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.