Los Angeles Capital Management LLC Sells 398,526 Shares of Virtu Financial, Inc. $VIRT

Los Angeles Capital Management LLC lessened its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 50.0% in the second quarter, Holdings Channel.com reports. The firm owned 398,230 shares of the financial services provider’s stock after selling 398,526 shares during the period. Los Angeles Capital Management LLC’s holdings in Virtu Financial were worth $17,837,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VIRT. Bessemer Group Inc. boosted its position in shares of Virtu Financial by 96.0% during the second quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock worth $26,000 after buying an additional 285 shares during the period. Brooklyn Investment Group lifted its stake in Virtu Financial by 243.0% in 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 boosted its position in Virtu Financial by 1,624.1% during the 1st 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. Farther Finance Advisors LLC boosted its position in Virtu Financial by 410.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,297 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 1,043 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of Virtu Financial by 89.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,368 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 647 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors.

Virtu Financial Stock Performance

Shares of VIRT stock opened at $35.62 on Friday. The company has a fifty day moving average price of $35.25 and a two-hundred day moving average price of $39.78. Virtu Financial, Inc. has a one year low of $31.89 and a one year high of $45.77. The stock has a market cap of $5.44 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.14 and a beta of 0.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49.

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

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.24 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.96 annualized dividend and a yield of 2.7%. Virtu Financial’s dividend payout ratio is currently 20.78%.

Analysts Set New Price Targets

VIRT has been the topic of a number of research reports. UBS Group reissued a “neutral” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Bank of America upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, October 28th. Piper Sandler increased their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Morgan Stanley raised their price objective on Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group lowered their target price on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Virtu Financial has an average 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.