California State Teachers Retirement System lifted its position in Virtu Financial, Inc. (NYSE:VIRT – Free Report) by 25.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,545 shares of the company’s stock after purchasing an additional 19,217 shares during the period. California State Teachers Retirement System’s holdings in Virtu Financial were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Transamerica Financial Advisors LLC lifted its stake in shares of Virtu Financial by 480.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 836 shares of the company’s stock valued at $28,000 after buying an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Virtu Financial by 103.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock worth $34,000 after buying an additional 387 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Virtu Financial by 51.9% during the third quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock valued at $35,000 after acquiring an additional 332 shares during the period. Quarry LP bought a new stake in Virtu Financial during the third quarter valued at about $35,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Virtu Financial in the fourth quarter valued at about $37,000. 45.78% of the stock is currently owned by institutional investors.
Virtu Financial Price Performance
Shares of Virtu Financial stock opened at $55.83 on Friday. The firm has a market cap of $8.66 billion, a PE ratio of 9.27, a PEG ratio of 0.38 and a beta of 0.60. The stock has a 50 day moving average of $58.83 and a 200 day moving average of $49.52. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. Virtu Financial, Inc. has a 12 month low of $31.55 and a 12 month high of $68.02.
Virtu Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Virtu Financial’s payout ratio is currently 15.95%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on VIRT shares. Zacks Research lowered Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. The Goldman Sachs Group boosted their price target on Virtu Financial from $51.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Virtu Financial in a research report on Friday, May 29th. Piper Sandler boosted their target price on shares of Virtu Financial from $61.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Virtu Financial from $51.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Virtu Financial presently has an average rating of “Hold” and an average target price of $58.80.
Check Out Our Latest Research Report on Virtu Financial
Virtu Financial Company 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.
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