Seizert Capital Partners LLC Reduces Holdings in Virtu Financial, Inc. $VIRT

Seizert Capital Partners LLC decreased its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 29.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 76,939 shares of the financial services provider’s stock after selling 31,650 shares during the quarter. Seizert Capital Partners LLC’s holdings in Virtu Financial were worth $3,446,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VIRT. Yousif Capital Management LLC lifted its holdings in Virtu Financial by 0.8% during 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 purchasing an additional 227 shares during the last quarter. Voya Investment Management LLC boosted its holdings in 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 buying an additional 270 shares during the period. Bessemer Group Inc. boosted 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 worth $26,000 after buying an additional 285 shares during the period. CWM LLC grew its stake in Virtu Financial by 2.7% in the 1st quarter. CWM LLC now owns 13,635 shares of the financial services provider’s stock valued at $520,000 after buying an additional 362 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in Virtu Financial by 3.9% in the 1st quarter. Bank of Nova Scotia now owns 10,379 shares of the financial services provider’s stock valued at $396,000 after buying an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Up 0.4%

Shares of NASDAQ:VIRT opened at $34.51 on Wednesday. The firm has a fifty day moving average price of $34.58 and a two-hundred day moving average price of $39.59. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 9.97, a PEG 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, Inc. has a one year low of $31.89 and a one year high of $45.77.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data 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 for the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. Analysts anticipate that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on VIRT. The Goldman Sachs Group dropped 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. Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, October 28th. Finally, UBS Group reissued a “neutral” rating and set a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Virtu Financial has a consensus rating of “Hold” and an average target price 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.