Seizert Capital Partners LLC Has $3.76 Million Holdings in Virtu Financial, Inc. $VIRT

Seizert Capital Partners LLC increased its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 37.5% in the third quarter, HoldingsChannel reports. The firm owned 105,807 shares of the financial services provider’s stock after acquiring an additional 28,868 shares during the period. Seizert Capital Partners LLC’s holdings in Virtu Financial were worth $3,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC lifted its holdings in shares of Virtu Financial by 0.8% in the second 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 lifted its stake in Virtu Financial by 2.8% in 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 in the last quarter. Bessemer Group Inc. boosted its position in Virtu Financial by 96.0% during the 2nd quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 285 shares during the period. California State Teachers Retirement System grew its stake in Virtu Financial by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 76,473 shares of the financial services provider’s stock valued at $3,425,000 after acquiring an additional 369 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Virtu Financial by 103.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 387 shares in the last quarter. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Virtu Financial Stock Down 0.4%

Shares of VIRT stock opened at $36.76 on Tuesday. The stock has a 50 day moving average of $34.40 and a 200-day moving average of $37.22. The firm has a market cap of $5.62 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.58. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial, Inc. has a 12 month low of $31.55 and a 12 month high of $45.77.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Wednesday, October 29th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. The firm had revenue of $467.02 million during the quarter, compared to analysts’ expectations of $422.92 million. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. On average, equities analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 2.6%. Virtu Financial’s dividend payout ratio (DPR) is 20.78%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Morgan Stanley reissued an “underweight” rating and set a $35.00 target price on shares of Virtu Financial in a research report on Monday, December 22nd. Piper Sandler upped their price target on Virtu Financial from $51.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $42.57.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.