Geode Capital Management LLC raised its holdings in Virtu Financial Inc (NASDAQ:VIRT) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,781 shares of the financial services provider’s stock after buying an additional 3,462 shares during the period. Geode Capital Management LLC owned about 0.18% of Virtu Financial worth $6,236,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC raised its stake in Virtu Financial by 73.2% in the fourth quarter. Penserra Capital Management LLC now owns 9,415 shares of the financial services provider’s stock valued at $172,000 after buying an additional 3,979 shares during the period. Sheets Smith Wealth Management bought a new stake in Virtu Financial in the fourth quarter valued at approximately $272,000. Teacher Retirement System of Texas bought a new stake in Virtu Financial in the fourth quarter valued at approximately $296,000. Jane Street Group LLC bought a new stake in Virtu Financial in the third quarter valued at approximately $291,000. Finally, Advisory Services Network LLC bought a new stake in Virtu Financial in the fourth quarter valued at approximately $334,000. Hedge funds and other institutional investors own 47.70% of the company’s stock.
Virtu Financial stock opened at $36.30 on Tuesday. Virtu Financial Inc has a 12 month low of $13.10 and a 12 month high of $36.84. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $6,699.49, a PE ratio of 63.47 and a beta of -0.59.
Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Thursday, February 8th. The financial services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.12 by $0.10. Virtu Financial had a return on equity of 10.73% and a net margin of 1.69%. The company had revenue of $460.42 million for the quarter, compared to the consensus estimate of $194.80 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. analysts anticipate that Virtu Financial Inc will post 1.59 EPS for the current year.
Virtu Financial declared that its board has approved a stock repurchase plan on Thursday, February 8th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Several analysts have issued reports on VIRT shares. Zacks Investment Research lowered Virtu Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 6th. JPMorgan Chase set a $22.00 price objective on Virtu Financial and gave the company a “neutral” rating in a research note on Tuesday, February 13th. BidaskClub upgraded Virtu Financial from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 28th. Citigroup upped their price objective on Virtu Financial from $15.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, UBS set a $31.00 price objective on Virtu Financial and gave the company a “buy” rating in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Virtu Financial presently has a consensus rating of “Hold” and a consensus price target of $26.00.
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.
Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial Inc (NASDAQ:VIRT).
Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.