Virtu Financial, Inc. $VIRT Stock Holdings Lowered by QRG Capital Management Inc.

QRG Capital Management Inc. cut its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 69.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,064 shares of the financial services provider’s stock after selling 35,895 shares during the period. QRG Capital Management Inc.’s holdings in Virtu Financial were worth $570,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in VIRT. Yousif Capital Management LLC increased its holdings in shares of Virtu Financial by 0.8% in the second quarter. Yousif Capital Management LLC now owns 29,986 shares of the financial services provider’s stock valued at $1,343,000 after buying an additional 227 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Virtu Financial by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 10,002 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 270 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Virtu Financial by 96.0% in the 2nd quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 285 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Virtu Financial by 0.5% during the second quarter. California State Teachers Retirement System now owns 76,473 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 369 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Virtu Financial by 103.8% during the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 387 shares during the period. 45.78% of the stock is currently owned by institutional investors.

Virtu Financial Stock Up 0.5%

Shares of Virtu Financial stock opened at $37.09 on Friday. Virtu Financial, Inc. has a 1 year low of $31.55 and a 1 year high of $45.77. The company has a market cap of $5.67 billion, a P/E ratio of 10.72, a P/E/G ratio of 1.14 and a beta of 0.58. 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 stock has a 50-day moving average price of $34.47 and a 200 day moving average price of $37.16.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Wednesday, October 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. The company had revenue of $467.02 million for the quarter, compared to analysts’ expectations of $422.92 million. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. As a group, analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VIRT. The Goldman Sachs Group decreased their price target 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. Piper Sandler upped their price objective on shares of Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley raised their target price on shares of Virtu Financial from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Bank of America raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Virtu Financial presently has a consensus rating of “Hold” and an average target price of $42.71.

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.