Marshall Wace LLP purchased a new position in Virtu Financial Inc (NASDAQ:VIRT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,968 shares of the financial services provider’s stock, valued at approximately $807,000.
Other institutional investors have also bought and sold shares of the company. Bremer Trust National Association acquired a new position in Virtu Financial in the fourth quarter worth approximately $125,000. Rothschild & Co. Asset Management US Inc. grew its position in Virtu Financial by 4.4% in the first quarter. Rothschild & Co. Asset Management US Inc. now owns 1,015,329 shares of the financial services provider’s stock worth $24,114,000 after buying an additional 42,517 shares during the last quarter. APG Asset Management N.V. grew its position in Virtu Financial by 223.1% in the fourth quarter. APG Asset Management N.V. now owns 991,071 shares of the financial services provider’s stock worth $22,333,000 after buying an additional 684,371 shares during the last quarter. Seacliff Capital LLC grew its position in Virtu Financial by 100.0% in the first quarter. Seacliff Capital LLC now owns 100,000 shares of the financial services provider’s stock worth $2,375,000 after buying an additional 50,000 shares during the last quarter. Finally, Bangor Savings Bank grew its position in Virtu Financial by 1.8% in the first quarter. Bangor Savings Bank now owns 37,039 shares of the financial services provider’s stock worth $880,000 after buying an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 56.68% of the company’s stock.
Several research analysts have issued reports on the stock. Rosenblatt Securities assumed coverage on shares of Virtu Financial in a research report on Wednesday, June 26th. They issued a “buy” rating and a $29.00 price target on the stock. UBS Group decreased their price target on shares of Spotify from $182.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. ValuEngine cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. TheStreet cut shares of Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. Finally, BidaskClub cut shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.75.
NASDAQ VIRT traded up $0.02 on Friday, hitting $21.99. 421,747 shares of the stock were exchanged, compared to its average volume of 985,311. Virtu Financial Inc has a 52-week low of $19.65 and a 52-week high of $29.17. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $4.18 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 2.91 and a beta of -0.59. The business’s 50-day moving average price is $21.86.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.06). Virtu Financial had a return on equity of 19.13% and a net margin of 7.56%. The firm had revenue of $363.00 million for the quarter, compared to analysts’ expectations of $245.86 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was down 55.5% on a year-over-year basis. Equities analysts forecast that Virtu Financial Inc will post 1.51 EPS for the current fiscal year.
Virtu Financial Profile
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
Further Reading: Diversification
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