Atria Investments Inc Sells 2,481 Shares of Virtu Financial, Inc. $VIRT

Atria Investments Inc lessened its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 14.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 14,500 shares of the financial services provider’s stock after selling 2,481 shares during the quarter. Atria Investments Inc’s holdings in Virtu Financial were worth $649,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of VIRT. Invesco Ltd. grew its position in shares of Virtu Financial by 83.6% during the 1st quarter. Invesco Ltd. now owns 1,473,165 shares of the financial services provider’s stock valued at $56,157,000 after purchasing an additional 670,774 shares in the last quarter. Nuveen LLC purchased a new stake in Virtu Financial during the 1st quarter valued at $18,956,000. AQR Capital Management LLC increased its holdings in Virtu Financial by 50.9% during the 1st quarter. AQR Capital Management LLC now owns 1,320,356 shares of the financial services provider’s stock valued at $49,764,000 after purchasing an additional 445,586 shares during the period. Allianz Asset Management GmbH boosted its holdings in Virtu Financial by 69.5% in the first quarter. Allianz Asset Management GmbH now owns 1,063,011 shares of the financial services provider’s stock valued at $40,522,000 after acquiring an additional 435,958 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Virtu Financial during the first quarter valued at about $9,918,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Virtu Financial Stock Performance

VIRT opened at $35.62 on Monday. Virtu Financial, Inc. has a twelve month low of $31.89 and a twelve month high of $45.77. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $35.25 and its 200 day moving average price is $39.78. The firm has a market capitalization of $5.44 billion, a PE ratio of 10.29, a PEG ratio of 1.14 and a beta of 0.60.

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

Virtu Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VIRT shares. Morgan Stanley upped their price target on Virtu Financial from $31.00 to $35.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 15th. Bank of America raised Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, October 28th. The Goldman Sachs Group dropped their price target on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Piper Sandler lifted their target price on Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Finally, UBS Group restated a “neutral” rating and issued a $45.00 price target (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.