Natixis Advisors L.P. Has $4.56 Million Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Natixis Advisors L.P. grew its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 13.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 241,457 shares of the financial services provider’s stock after purchasing an additional 27,985 shares during the period. Natixis Advisors L.P. owned approximately 0.15% of Virtu Financial worth $4,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors bought a new stake in shares of Virtu Financial during the first quarter worth about $58,287,000. Norges Bank bought a new stake in Virtu Financial during the 4th quarter worth approximately $19,031,000. Victory Capital Management Inc. raised its stake in shares of Virtu Financial by 6,499.8% in the first quarter. Victory Capital Management Inc. now owns 740,959 shares of the financial services provider’s stock worth $14,004,000 after purchasing an additional 729,732 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Virtu Financial by 553.8% in the first quarter. Federated Hermes Inc. now owns 810,853 shares of the financial services provider’s stock valued at $30,180,000 after purchasing an additional 686,824 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Virtu Financial by 52.9% during the fourth quarter. Millennium Management LLC now owns 1,691,162 shares of the financial services provider’s stock valued at $34,517,000 after buying an additional 585,361 shares during the last quarter. Institutional investors own 46.02% of the company’s stock.

Virtu Financial Trading Down 1.0 %

Shares of Virtu Financial stock opened at $18.74 on Friday. The firm has a market cap of $3.05 billion, a PE ratio of 13.78 and a beta of 0.25. Virtu Financial, Inc. has a 1 year low of $16.26 and a 1 year high of $23.74. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.50 and a quick ratio of 0.50. The stock has a fifty day moving average price of $18.23 and a 200-day moving average price of $18.40.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $278.69 million for the quarter, compared to the consensus estimate of $290.67 million. Virtu Financial had a net margin of 6.53% and a return on equity of 18.21%. Equities research analysts anticipate that Virtu Financial, Inc. will post 1.85 EPS for the current year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.24 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.12%. Virtu Financial’s dividend payout ratio (DPR) is presently 70.59%.

Analyst Ratings Changes

VIRT has been the subject of a number of analyst reports. Citigroup increased their price target on Virtu Financial from $18.00 to $20.00 in a research report on Thursday, July 27th. JPMorgan Chase & Co. downgraded shares of Virtu Financial from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $19.00 in a report on Thursday, July 27th. Finally, StockNews.com initiated coverage on shares of Virtu Financial in a report on Thursday, August 17th. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Virtu Financial currently has a consensus rating of “Hold” and a consensus target price of $22.40.

Virtu Financial Profile

Virtu Financial, Inc, a financial services company in New York. The company operates through two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology. The company's solutions enable clients to trade on various venues across countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrencies, and other commodities.