Virtu Financial, Inc. $VIRT Holdings Raised by Seizert Capital Partners LLC

Seizert Capital Partners LLC lifted its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 37.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 105,807 shares of the financial services provider’s stock after buying an additional 28,868 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.07% of Virtu Financial worth $3,756,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of VIRT. Jones Financial Companies Lllp lifted its holdings 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 worth $38,000 after acquiring an additional 942 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Virtu Financial in the 1st quarter worth approximately $222,000. Empowered Funds LLC bought a new stake in shares of Virtu Financial in the 1st quarter worth approximately $1,934,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Virtu Financial by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,233 shares of the financial services provider’s stock valued at $8,624,000 after purchasing an additional 26,743 shares during the period. Finally, Voya Investment Management LLC grew its stake in Virtu Financial by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 10,002 shares of the financial services provider’s stock worth $381,000 after buying an additional 270 shares during the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VIRT. The Goldman Sachs Group cut their target price on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Piper Sandler increased their price objective on shares of Virtu Financial from $51.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Morgan Stanley reiterated an “underweight” rating and issued a $35.00 price objective on shares of Virtu Financial in a research report on Monday, December 22nd. Finally, Bank of America upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.57.

Virtu Financial Trading Down 0.4%

Shares of Virtu Financial stock opened at $36.76 on Tuesday. The business has a fifty day simple moving average of $34.40 and a 200-day simple moving average of $37.22. Virtu Financial, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $45.77. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.58. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The firm had revenue of $467.02 million for the quarter, compared to analysts’ expectations of $422.92 million. During the same period in the previous year, the business earned $0.82 earnings per share. Virtu Financial’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, December 1st. Virtu Financial’s payout ratio is presently 20.78%.

Virtu Financial Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.