Virtu Financial, Inc. $VIRT Shares Bought by Advisors Capital Management LLC

Advisors Capital Management LLC lifted its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 28.2% during the third quarter, Holdings Channel.com reports. The firm owned 230,881 shares of the financial services provider’s stock after acquiring an additional 50,843 shares during the period. Advisors Capital Management LLC’s holdings in Virtu Financial were worth $8,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VIRT. Crestwood Advisors Group LLC lifted its stake in shares of Virtu Financial by 26.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 32,761 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 6,766 shares during the period. Rothschild Investment LLC boosted its stake in shares of Virtu Financial by 3,460.0% during the 3rd quarter. Rothschild Investment LLC now owns 712 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 692 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Virtu Financial by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,999,628 shares of the financial services provider’s stock worth $354,987,000 after acquiring an additional 142,890 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Virtu Financial by 128.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 431,145 shares of the financial services provider’s stock valued at $15,306,000 after acquiring an additional 242,611 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Virtu Financial by 11.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,156 shares of the financial services provider’s stock valued at $1,816,000 after purchasing an additional 5,196 shares in the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Virtu Financial from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Thursday, January 22nd. Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, October 28th. The Goldman Sachs Group lifted their price target on shares of Virtu Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Piper Sandler boosted their price target on shares of Virtu Financial from $51.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Virtu Financial has a consensus rating of “Hold” and an average target price of $43.00.

Virtu Financial Stock Performance

NASDAQ VIRT opened at $39.37 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s 50 day simple moving average is $35.90 and its 200-day simple moving average is $36.40. The company has a market cap of $6.02 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. Virtu Financial, Inc. has a 1-year low of $31.55 and a 1-year high of $45.77.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.12 by $0.73. The firm had revenue of $969.89 million during the quarter, compared to the consensus estimate of $513.51 million. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The firm’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. As a group, equities research analysts anticipate that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, February 27th. Virtu Financial’s payout ratio is presently 18.71%.

Insider Buying and Selling at Virtu Financial

In related news, EVP Stephen Cavoli sold 28,370 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $38.94, for a total value of $1,104,727.80. Following the completion of the transaction, the executive vice president directly owned 116,191 shares in the company, valued at approximately $4,524,477.54. This represents a 19.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 70,000 shares of company stock valued at $2,682,644. Corporate insiders own 47.20% of the company’s stock.

Virtu Financial Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.