State Street Corp Purchases 61,055 Shares of Virtu Financial Inc (VIRT)
State Street Corp lifted its position in Virtu Financial Inc (NASDAQ:VIRT) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 590,658 shares of the financial services provider’s stock after purchasing an additional 61,055 shares during the quarter. State Street Corp owned 1.45% of Virtu Financial worth $10,424,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of VIRT. WBI Investments Inc. acquired a new position in Virtu Financial during the second quarter worth $194,000. Parametric Portfolio Associates LLC increased its stake in shares of Virtu Financial by 28.8% in the first quarter. Parametric Portfolio Associates LLC now owns 18,927 shares of the financial services provider’s stock valued at $322,000 after buying an additional 4,237 shares in the last quarter. National Investment Services Inc. WI increased its stake in shares of Virtu Financial by 107.1% in the second quarter. National Investment Services Inc. WI now owns 21,964 shares of the financial services provider’s stock valued at $388,000 after buying an additional 11,359 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Virtu Financial by 4.7% in the second quarter. Rhumbline Advisers now owns 28,780 shares of the financial services provider’s stock valued at $508,000 after buying an additional 1,290 shares in the last quarter. Finally, Forward Management LLC increased its stake in shares of Virtu Financial by 1.1% in the second quarter. Forward Management LLC now owns 31,119 shares of the financial services provider’s stock valued at $549,000 after buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 22.37% of the company’s stock.
A number of analysts have recently weighed in on the company. Citigroup Inc. restated a “sell” rating and issued a $14.00 target price (down from $16.00) on shares of Virtu Financial in a research note on Thursday, August 10th. Rosenblatt Securities started coverage on Virtu Financial in a report on Friday, September 15th. They issued a “neutral” rating and a $18.00 price target on the stock. Evercore ISI initiated coverage on Virtu Financial in a report on Monday, October 2nd. They set an “in-line” rating and a $17.00 target price on the stock. Sandler O’Neill set a $19.00 price target on Virtu Financial and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $13.00 price target on shares of Virtu Financial in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.86.
Shares of Virtu Financial Inc (NASDAQ VIRT) opened at $15.40 on Monday. Virtu Financial Inc has a 1 year low of $13.10 and a 1 year high of $19.07. The stock has a market capitalization of $2,890.00 and a P/E ratio of 26.10. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.63.
Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The business had revenue of $159.79 million for the quarter, compared to analyst estimates of $157.40 million. During the same quarter last year, the firm earned $0.20 EPS. Virtu Financial’s revenue for the quarter was up 64.4% compared to the same quarter last year. equities analysts expect that Virtu Financial Inc will post 0.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Thursday, November 30th. Virtu Financial’s dividend payout ratio (DPR) is 800.00%.
Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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