First Bank & Trust increased its position in Virtu Financial Inc (NASDAQ:VIRT) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,956 shares of the financial services provider’s stock after purchasing an additional 1,069 shares during the period. First Bank & Trust’s holdings in Virtu Financial were worth $261,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in VIRT. Vaughan Nelson Investment Management L.P. boosted its stake in Virtu Financial by 211.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 7,129,625 shares of the financial services provider’s stock worth $155,285,000 after purchasing an additional 4,842,600 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Virtu Financial by 40.9% in the 2nd quarter. William Blair Investment Management LLC now owns 5,767,837 shares of the financial services provider’s stock worth $125,623,000 after purchasing an additional 1,674,638 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Virtu Financial by 445.5% in the 2nd quarter. Natixis Advisors L.P. now owns 939,576 shares of the financial services provider’s stock worth $20,464,000 after purchasing an additional 767,332 shares in the last quarter. Assetmark Inc. boosted its stake in Virtu Financial by 16,077.8% in the 2nd quarter. Assetmark Inc. now owns 672,997 shares of the financial services provider’s stock worth $14,658,000 after purchasing an additional 668,837 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in Virtu Financial by 12.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 5,383,212 shares of the financial services provider’s stock worth $117,246,000 after purchasing an additional 578,148 shares in the last quarter. Institutional investors own 64.76% of the company’s stock.
VIRT traded up $0.29 during trading on Thursday, reaching $16.86. 11,577 shares of the company traded hands, compared to its average volume of 1,367,003. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.63 and a current ratio of 0.63. Virtu Financial Inc has a 12-month low of $15.32 and a 12-month high of $29.17. The firm has a fifty day simple moving average of $18.04 and a 200 day simple moving average of $21.32. The company has a market cap of $3.16 billion, a P/E ratio of 8.59, a PEG ratio of 3.29 and a beta of -0.56.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.11). Virtu Financial had a net margin of 3.58% and a return on equity of 17.64%. The company had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $262.19 million. During the same period last year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts expect that Virtu Financial Inc will post 1 earnings per share for the current fiscal year.
VIRT has been the topic of a number of analyst reports. BidaskClub cut shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 1st. UBS Group reduced their target price on shares of Virtu Financial from $25.00 to $21.00 and set a “buy” rating for the company in a report on Friday, October 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $23.00 price objective on shares of Virtu Financial in a report on Tuesday, September 3rd. Compass Point set a $18.00 price objective on shares of Virtu Financial and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Zacks Investment Research raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.86.
In other news, CEO Douglas A. Cifu bought 10,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of $18.58 per share, for a total transaction of $185,800.00. Following the transaction, the chief executive officer now owns 235,000 shares of the company’s stock, valued at $4,366,300. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 63.70% of the stock is currently owned by corporate insiders.
About Virtu Financial
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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