Credit Suisse AG Has $1.98 Million Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Credit Suisse AG increased its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,951 shares of the financial services provider’s stock after buying an additional 1,519 shares during the quarter. Credit Suisse AG owned approximately 0.06% of Virtu Financial worth $1,984,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VIRT. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Virtu Financial in the 4th quarter valued at approximately $25,000. Allworth Financial LP lifted its holdings in Virtu Financial by 10,615.4% during the 1st quarter. Allworth Financial LP now owns 1,393 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,380 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Virtu Financial during the 1st quarter valued at $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Virtu Financial by 8,400.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,700 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Virtu Financial by 42.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,176 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 46.02% of the company’s stock.

Virtu Financial Stock Up 0.9 %

Shares of NASDAQ VIRT opened at $18.90 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.50 and a current ratio of 0.50. Virtu Financial, Inc. has a 52 week low of $16.26 and a 52 week high of $23.74. The stock has a market capitalization of $3.08 billion, a P/E ratio of 13.90 and a beta of 0.24. The stock’s fifty day moving average is $18.27 and its 200 day moving average is $18.36.

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

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Thursday, August 31st. Virtu Financial’s dividend payout ratio is presently 70.59%.

Wall Street Analyst Weigh In

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

Virtu Financial Company 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.