KBC Group NV Sells 1,507 Shares of Virtu Financial, Inc. $VIRT

KBC Group NV trimmed its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 38.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,377 shares of the financial services provider’s stock after selling 1,507 shares during the quarter. KBC Group NV’s holdings in Virtu Financial were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIRT. Bessemer Group Inc. increased its holdings in Virtu Financial by 96.0% in the 2nd quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock valued at $26,000 after buying an additional 285 shares during the period. Brooklyn Investment Group boosted its position in shares of Virtu Financial by 243.0% during the 1st quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 554 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Virtu Financial by 1,624.1% in the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 942 shares during the period. Farther Finance Advisors LLC increased its stake in Virtu Financial by 410.6% in the second quarter. Farther Finance Advisors LLC now owns 1,297 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 1,043 shares during the period. Finally, AdvisorNet Financial Inc raised its position in Virtu Financial by 89.7% in the second quarter. AdvisorNet Financial Inc now owns 1,368 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 647 shares in the last quarter. 45.78% of the stock is owned by institutional investors.

Virtu Financial Price Performance

Shares of Virtu Financial stock opened at $33.97 on Friday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.14 and a beta of 0.60. The firm’s 50-day moving average price is $34.37 and its two-hundred day moving average price is $39.44. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial, Inc. has a 1-year low of $31.89 and a 1-year high of $45.77.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $274.00 million during the quarter. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. On average, equities analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. Virtu Financial’s dividend payout ratio is presently 20.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. The Goldman Sachs Group cut their target price on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.