Jane Street Group LLC acquired a new position in shares of Virtu Financial Inc (NASDAQ:VIRT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,986 shares of the financial services provider’s stock, valued at approximately $291,000.
A number of other institutional investors also recently added to or reduced their stakes in VIRT. Temasek Holdings Private Ltd raised its stake in Virtu Financial by 65.1% during the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock worth $329,354,000 after acquiring an additional 8,012,821 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in Virtu Financial by 103.9% during the third quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock worth $60,714,000 after acquiring an additional 1,909,864 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Virtu Financial in the second quarter valued at $19,224,000. FMR LLC increased its stake in shares of Virtu Financial by 39.9% in the second quarter. FMR LLC now owns 2,215,100 shares of the financial services provider’s stock valued at $39,097,000 after buying an additional 631,431 shares in the last quarter. Finally, Old West Investment Management LLC increased its stake in shares of Virtu Financial by 179.4% in the second quarter. Old West Investment Management LLC now owns 415,845 shares of the financial services provider’s stock valued at $7,339,000 after buying an additional 266,997 shares in the last quarter. Hedge funds and other institutional investors own 26.58% of the company’s stock.
A number of analysts have recently weighed in on VIRT shares. Rosenblatt Securities started coverage on Virtu Financial in a research note on Friday, September 15th. They issued a “neutral” rating and a $18.00 target price for the company. Evercore ISI started coverage on Virtu Financial in a research note on Monday, October 2nd. They issued an “in-line” rating and a $17.00 target price for the company. TheStreet lowered Virtu Financial from a “c-” rating to a “d+” rating in a research note on Thursday, October 12th. J P Morgan Chase & Co restated an “underweight” rating and issued a $13.00 target price on shares of Virtu Financial in a research note on Wednesday, October 18th. Finally, Citigroup upgraded Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 target price for the company in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Virtu Financial presently has an average rating of “Hold” and an average target price of $16.86.
Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $159.79 million during the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The firm’s quarterly revenue was up 64.4% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. sell-side analysts predict that Virtu Financial Inc will post 0.42 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.29%. The ex-dividend date was Thursday, November 30th. Virtu Financial’s dividend payout ratio is 800.00%.
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Virtu Financial Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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