Quadrature Capital Ltd Buys Shares of 12,186 Virtu Financial, Inc. (NASDAQ:VIRT)

Quadrature Capital Ltd bought a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,186 shares of the financial services provider’s stock, valued at approximately $247,000.

A number of other hedge funds have also made changes to their positions in the company. Quarry LP raised its holdings in shares of Virtu Financial by 79.9% during the fourth quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 746 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Virtu Financial in the fourth quarter valued at approximately $1,478,000. Tower Research Capital LLC TRC increased its holdings in shares of Virtu Financial by 48.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,574 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 1,161 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Virtu Financial in the fourth quarter valued at approximately $1,722,000. Finally, Quest Partners LLC acquired a new stake in shares of Virtu Financial in the fourth quarter valued at approximately $778,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VIRT shares. JPMorgan Chase & Co. increased their price target on Virtu Financial from $20.00 to $21.50 and gave the company a “neutral” rating in a report on Thursday, April 25th. Citigroup increased their price target on Virtu Financial from $22.50 to $24.50 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group increased their price target on Virtu Financial from $19.20 to $21.70 and gave the company a “neutral” rating in a report on Friday, April 26th. Morgan Stanley increased their price objective on Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, StockNews.com upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.24.

Virtu Financial Trading Up 0.0 %

VIRT opened at $23.06 on Thursday. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $25.68. The business has a fifty day simple moving average of $22.72 and a 200-day simple moving average of $20.36. The firm has a market cap of $3.62 billion, a P/E ratio of 16.13, a P/E/G ratio of 0.50 and a beta of 0.36. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.21.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. Virtu Financial had a return on equity of 17.33% and a net margin of 6.04%. The business had revenue of $366.87 million during the quarter, compared to analyst estimates of $334.79 million. On average, equities analysts expect that Virtu Financial, Inc. will post 2.08 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.16%. Virtu Financial’s dividend payout ratio is currently 67.13%.

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.