DekaBank Deutsche Girozentrale Decreases Stake in Virtu Financial, Inc. $VIRT

DekaBank Deutsche Girozentrale lowered its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 13.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 62,707 shares of the financial services provider’s stock after selling 9,522 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Virtu Financial were worth $2,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Yousif Capital Management LLC lifted its holdings in Virtu Financial by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 29,986 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 227 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Virtu Financial by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 10,002 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 270 shares during the period. Foundry Partners LLC raised its holdings in shares of Virtu Financial by 1.5% during the 1st quarter. Foundry Partners LLC now owns 18,031 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 275 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Virtu Financial by 26.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 345 shares during the period. Finally, Optimist Retirement Group LLC raised its holdings in shares of Virtu Financial by 4.6% during the 1st quarter. Optimist Retirement Group LLC now owns 8,146 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 355 shares during the period. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Up 0.3%

Shares of VIRT opened at $33.55 on Friday. The firm has a market cap of $5.13 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62. Virtu Financial, Inc. has a 12-month low of $30.51 and a 12-month high of $45.77. The company’s 50-day moving average price is $36.72 and its 200 day moving average price is $39.95. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $274.00 million for the quarter. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. On average, sell-side analysts forecast that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were paid a dividend of $0.24 per share. The ex-dividend date was Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.9%. Virtu Financial’s dividend payout ratio is 21.82%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VIRT. UBS Group reiterated a “neutral” rating and set a $45.00 price target (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Morgan Stanley lifted their price target on Virtu Financial from $31.00 to $35.00 and gave the stock an “underweight” rating in a report on Tuesday, July 15th. The Goldman Sachs Group reduced their price target on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Piper Sandler lifted their price target on Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.43.

Insider Transactions at Virtu Financial

In other Virtu Financial news, COO Brett Fairclough sold 90,701 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $42.40, for a total transaction of $3,845,722.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 47.20% of the stock is owned by company insiders.

Virtu Financial Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.