Sterling Capital Management LLC Takes $2.28 Million Position in Virtu Financial Inc (VIRT)

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Sterling Capital Management LLC acquired a new position in shares of Virtu Financial Inc (NASDAQ:VIRT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 85,720 shares of the financial services provider’s stock, valued at approximately $2,276,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VIRT. FMR LLC raised its holdings in shares of Virtu Financial by 338.5% during the 2nd quarter. FMR LLC now owns 3,589,201 shares of the financial services provider’s stock worth $95,294,000 after acquiring an additional 2,770,731 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Virtu Financial by 590.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,295,700 shares of the financial services provider’s stock worth $34,401,000 after acquiring an additional 1,108,100 shares in the last quarter. Rothschild Asset Management Inc. purchased a new stake in shares of Virtu Financial during the 2nd quarter worth approximately $26,513,000. Summit Trail Advisors LLC raised its holdings in shares of Virtu Financial by 2,855.4% during the 1st quarter. Summit Trail Advisors LLC now owns 478,953 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 462,747 shares in the last quarter. Finally, Smith Asset Management Group LP purchased a new stake in shares of Virtu Financial during the 2nd quarter worth approximately $9,919,000. 54.15% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on VIRT. Jefferies Financial Group began coverage on Virtu Financial in a research report on Wednesday, May 23rd. They set a “buy” rating and a $37.00 target price on the stock. BidaskClub downgraded Virtu Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 24th. Zacks Investment Research downgraded Virtu Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, May 29th. Citigroup cut their target price on Virtu Financial from $37.00 to $28.00 and set a “$26.55” rating on the stock in a research report on Wednesday, July 18th. Finally, Sandler O’Neill reissued a “buy” rating and set a $27.00 target price on shares of Virtu Financial in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Virtu Financial currently has an average rating of “Hold” and a consensus price target of $30.80.

NASDAQ VIRT opened at $21.85 on Friday. The company has a market cap of $3.99 billion, a PE ratio of 15.75, a P/E/G ratio of 2.77 and a beta of -0.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.65 and a current ratio of 0.65. Virtu Financial Inc has a fifty-two week low of $13.10 and a fifty-two week high of $37.85.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Friday, July 27th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). The company had revenue of $328.10 million for the quarter, compared to the consensus estimate of $236.08 million. Virtu Financial had a net margin of 11.30% and a return on equity of 19.62%. The business’s revenue for the quarter was up 126.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. equities analysts expect that Virtu Financial Inc will post 1.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, August 30th. Virtu Financial’s dividend payout ratio (DPR) is presently 168.42%.

In other Virtu Financial news, Director John Nixon acquired 5,000 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were bought at an average price of $20.15 per share, with a total value of $100,750.00. Following the transaction, the director now directly owns 24,894 shares of the company’s stock, valued at approximately $501,614.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 73.50% of the company’s stock.

Virtu Financial Company Profile

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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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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