Quantbot Technologies LP Trims Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

Quantbot Technologies LP lowered its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 30.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,010 shares of the financial services provider’s stock after selling 12,061 shares during the quarter. Quantbot Technologies LP’s holdings in Virtu Financial were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC increased its stake in Virtu Financial by 38.0% in the 3rd quarter. FMR LLC now owns 4,974,095 shares of the financial services provider’s stock worth $151,511,000 after acquiring an additional 1,368,419 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Virtu Financial by 3.5% in the second quarter. Renaissance Technologies LLC now owns 3,643,686 shares of the financial services provider’s stock worth $81,801,000 after purchasing an additional 124,563 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Virtu Financial by 39.2% in the second quarter. Bank of New York Mellon Corp now owns 1,215,833 shares of the financial services provider’s stock valued at $27,295,000 after purchasing an additional 342,327 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Virtu Financial during the third quarter valued at approximately $29,815,000. Finally, Old West Investment Management LLC grew its stake in Virtu Financial by 4.3% in the 2nd quarter. Old West Investment Management LLC now owns 681,441 shares of the financial services provider’s stock worth $15,298,000 after buying an additional 28,199 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Trading Down 0.1 %

Shares of VIRT opened at $37.31 on Monday. The stock has a market capitalization of $5.77 billion, a P/E ratio of 18.75, a PEG ratio of 0.58 and a beta of 0.38. Virtu Financial, Inc. has a twelve month low of $16.02 and a twelve month high of $38.45. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. The firm has a fifty day simple moving average of $33.23 and a two-hundred day simple moving average of $28.77.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $388.00 million for the quarter, compared to analysts’ expectations of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. Virtu Financial’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. On average, research analysts anticipate that Virtu Financial, Inc. will post 2.71 EPS for the current year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, November 29th. Virtu Financial’s payout ratio is 48.24%.

Analysts Set New Price Targets

VIRT has been the topic of several research reports. Piper Sandler restated an “overweight” rating and set a $35.00 price objective on shares of Virtu Financial in a research report on Thursday, October 24th. Citigroup raised their price target on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their price objective on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Bank of America decreased their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group upped their target price on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.50.

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.