Virtu Financial, Inc. $VIRT Holdings Raised by Interval Partners LP

Interval Partners LP grew its stake in shares of Virtu Financial, Inc. (NYSE:VIRT) by 85.9% in the 4th quarter, HoldingsChannel reports. The firm owned 377,184 shares of the company’s stock after acquiring an additional 174,284 shares during the quarter. Interval Partners LP’s holdings in Virtu Financial were worth $12,568,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Optimist Retirement Group LLC raised its position in Virtu Financial by 3.5% during the fourth quarter. Optimist Retirement Group LLC now owns 8,277 shares of the company’s stock valued at $276,000 after buying an additional 279 shares during the period. Steward Partners Investment Advisory LLC raised its position in Virtu Financial by 18.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,868 shares of the company’s stock valued at $62,000 after buying an additional 291 shares during the period. Oregon Public Employees Retirement Fund raised its position in Virtu Financial by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,237 shares of the company’s stock valued at $608,000 after buying an additional 300 shares during the period. CIBC Private Wealth Group LLC raised its position 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 buying an additional 332 shares during the period. Finally, California State Teachers Retirement System raised its position in Virtu Financial by 0.5% during the second quarter. California State Teachers Retirement System now owns 76,473 shares of the company’s stock valued at $3,425,000 after buying an additional 369 shares during the period. 45.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Virtu Financial

In other news, COO Brett Fairclough sold 30,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $50.06, for a total transaction of $1,501,800.00. Following the transaction, the chief operating officer owned 42,473 shares of the company’s stock, valued at approximately $2,126,198.38. This represents a 41.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 46.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Virtu Financial from $44.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wall Street Zen lowered Virtu Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Morgan Stanley upped their price target on Virtu Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. The Goldman Sachs Group upped their price target on Virtu Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Piper Sandler upped their price target on Virtu Financial from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.67.

Virtu Financial Stock Performance

Shares of VIRT stock opened at $60.38 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.48 and a quick ratio of 0.48. Virtu Financial, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $60.70. The stock’s 50-day moving average is $51.74 and its two-hundred day moving average is $42.81. The firm has a market cap of $9.36 billion, a P/E ratio of 10.00, a PEG ratio of 1.49 and a beta of 0.61.

Virtu Financial (NYSE:VIRT) last issued its earnings results on Wednesday, April 29th. The company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.58. Virtu Financial had a return on equity of 51.63% and a net margin of 14.17%.The company had revenue of $786.53 million for the quarter, compared to analyst estimates of $613.12 million. During the same period in the prior year, the firm posted $1.30 EPS. The business’s revenue was up 30.7% compared to the same quarter last year. Analysts predict that Virtu Financial, Inc. will post 5.53 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Virtu Financial’s dividend payout ratio is currently 15.89%.

Virtu Financial 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.