Virtu Financial, Inc. (NASDAQ:VIRT) Shares Purchased by Private Trust Co. NA

Private Trust Co. NA boosted its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 158.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,856 shares of the financial services provider’s stock after purchasing an additional 3,588 shares during the quarter. Private Trust Co. NA’s holdings in Virtu Financial were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in VIRT. Los Angeles Capital Management LLC acquired a new position in Virtu Financial in the third quarter valued at $29,815,000. Principal Financial Group Inc. acquired a new position in Virtu Financial in the second quarter valued at $9,751,000. Bank of New York Mellon Corp grew its position in Virtu Financial by 39.2% during the second quarter. Bank of New York Mellon Corp now owns 1,215,833 shares of the financial services provider’s stock valued at $27,295,000 after acquiring an additional 342,327 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Virtu Financial by 400.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider’s stock valued at $10,008,000 after acquiring an additional 262,835 shares during the period. Finally, Public Sector Pension Investment Board purchased a new stake in Virtu Financial during the second quarter valued at about $4,371,000. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Price Performance

Shares of NASDAQ VIRT opened at $37.34 on Friday. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $38.45. The business has a 50-day moving average of $32.99 and a 200-day moving average of $28.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 0.58 and a beta of 0.38.

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

Virtu Financial Announces Dividend

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

Analyst Upgrades and Downgrades

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

Virtu Financial Company 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.