William Blair Investment Management LLC grew its holdings in Virtu Financial Inc (NASDAQ:VIRT) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,705,653 shares of the financial services provider’s stock after buying an additional 14,408 shares during the quarter. William Blair Investment Management LLC owned about 1.98% of Virtu Financial worth $67,813,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of VIRT. North Island ManageCo LLC acquired a new stake in shares of Virtu Financial in the 4th quarter valued at approximately $733,173,000. Temasek Holdings Private Ltd lifted its holdings in shares of Virtu Financial by 65.1% in the 3rd quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock valued at $329,354,000 after buying an additional 8,012,821 shares during the period. Van Berkom & Associates Inc. lifted its holdings in shares of Virtu Financial by 103.9% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock valued at $60,714,000 after buying an additional 1,909,864 shares during the period. Millennium Management LLC acquired a new stake in shares of Virtu Financial in the 4th quarter valued at approximately $7,617,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Virtu Financial by 66.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 558,012 shares of the financial services provider’s stock valued at $9,040,000 after buying an additional 222,843 shares during the period. 47.96% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on VIRT. Zacks Investment Research raised Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Friday, February 2nd. Sandler O’Neill raised their price target on Virtu Financial from $19.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Rosenblatt Securities raised their price target on Virtu Financial from $18.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. BidaskClub raised Virtu Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, UBS set a $31.00 price target on Virtu Financial and gave the company a “buy” rating in a report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $26.00.
Virtu Financial Inc (NASDAQ VIRT) opened at $32.40 on Friday. The stock has a market capitalization of $6,163.16, a price-to-earnings ratio of 57.46 and a beta of -0.50. Virtu Financial Inc has a 1-year low of $13.10 and a 1-year high of $34.00. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.21.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.10. The firm had revenue of $460.42 million during the quarter, compared to analysts’ expectations of $194.80 million. Virtu Financial had a return on equity of 10.73% and a net margin of 1.69%. During the same period in the previous year, the firm posted $0.24 earnings per share. analysts predict that Virtu Financial Inc will post 1.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.96%. Virtu Financial’s dividend payout ratio is presently 436.38%.
Virtu Financial declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 8th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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Virtu Financial Company 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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