XTX Topco Ltd Has $1.11 Million Holdings in Virtu Financial, Inc. $VIRT

XTX Topco Ltd boosted its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 15.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,794 shares of the financial services provider’s stock after purchasing an additional 3,261 shares during the period. XTX Topco Ltd’s holdings in Virtu Financial were worth $1,111,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. NDVR Inc. grew its holdings in shares of Virtu Financial by 13.8% during the second quarter. NDVR Inc. now owns 6,048 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 734 shares during the last quarter. Prudential Financial Inc. lifted its position in Virtu Financial by 74.5% during the 2nd quarter. Prudential Financial Inc. now owns 168,200 shares of the financial services provider’s stock worth $7,534,000 after buying an additional 71,810 shares in the last quarter. American Century Companies Inc. grew its holdings in Virtu Financial by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 15,609 shares of the financial services provider’s stock worth $699,000 after acquiring an additional 2,000 shares during the last quarter. Franklin Resources Inc. increased its position in Virtu Financial by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 229,352 shares of the financial services provider’s stock valued at $10,273,000 after acquiring an additional 2,634 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Virtu Financial by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 233,119 shares of the financial services provider’s stock valued at $10,437,000 after acquiring an additional 5,418 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VIRT shares. The Goldman Sachs Group decreased their price target on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Bank of America raised Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, October 28th. Finally, UBS Group reissued a “neutral” rating and issued a $45.00 target price (up from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. Two research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.71.

Virtu Financial Trading Up 1.2%

NASDAQ:VIRT opened at $35.76 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial, Inc. has a 1-year low of $31.89 and a 1-year high of $45.77. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.14 and a beta of 0.60. The business’s 50-day moving average price is $34.33 and its two-hundred day moving average price is $39.18.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results 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 during the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. On average, equities analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The company also recently announced 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. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. Virtu Financial’s dividend payout ratio is presently 20.78%.

Virtu Financial Company 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.