Gabelli Funds LLC Invests $7.49 Million in Virtu Financial, Inc. $VIRT

Gabelli Funds LLC purchased a new position in Virtu Financial, Inc. (NASDAQ:VIRT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 167,231 shares of the financial services provider’s stock, valued at approximately $7,490,000. Gabelli Funds LLC owned about 0.11% of Virtu Financial at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VIRT. Vanguard Group Inc. grew its position in shares of Virtu Financial by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,568,548 shares of the financial services provider’s stock worth $364,753,000 after acquiring an additional 165,396 shares during the last quarter. Invesco Ltd. boosted its stake in Virtu Financial by 83.6% during the 1st quarter. Invesco Ltd. now owns 1,473,165 shares of the financial services provider’s stock valued at $56,157,000 after purchasing an additional 670,774 shares during the period. AQR Capital Management LLC grew its position in Virtu Financial by 50.9% in the 1st quarter. AQR Capital Management LLC now owns 1,320,356 shares of the financial services provider’s stock worth $49,764,000 after purchasing an additional 445,586 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Virtu Financial by 13.2% in the second quarter. Allianz Asset Management GmbH now owns 1,202,847 shares of the financial services provider’s stock valued at $53,876,000 after purchasing an additional 139,836 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Virtu Financial by 3.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 960,406 shares of the financial services provider’s stock valued at $41,662,000 after purchasing an additional 30,296 shares during the period. 45.78% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Stock Up 0.9%

Shares of VIRT stock opened at $35.55 on Wednesday. Virtu Financial, Inc. has a 1 year low of $31.89 and a 1 year high of $45.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The business’s fifty day moving average is $34.31 and its 200-day moving average is $38.85. The stock has a market cap of $5.44 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share for the quarter. The business had revenue of $274.00 million during the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. Equities analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.24 per share. The ex-dividend date is Monday, December 1st. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Virtu Financial’s dividend payout ratio (DPR) is 20.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VIRT. The Goldman Sachs Group decreased their price objective on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Bank of America raised Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.71.

Virtu Financial Company 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.