Royce & Associates LP Sells 10,476 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Royce & Associates LP trimmed its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the financial services provider’s stock after selling 10,476 shares during the period. Royce & Associates LP’s holdings in Virtu Financial were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. USA Financial Formulas bought a new position in Virtu Financial in the 3rd quarter valued at about $33,000. International Assets Investment Management LLC bought a new position in shares of Virtu Financial in the second quarter valued at approximately $39,000. Innealta Capital LLC purchased a new position in shares of Virtu Financial during the second quarter valued at approximately $46,000. First Horizon Advisors Inc. grew its holdings in Virtu Financial by 21.0% during the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock worth $48,000 after buying an additional 372 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in Virtu Financial by 55.3% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after buying an additional 781 shares during the last quarter. 45.78% of the stock is owned by institutional investors.

Virtu Financial Price Performance

Shares of NASDAQ VIRT opened at $36.90 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $32.37 and a two-hundred day simple moving average of $28.01. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $37.20. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.55 and a beta of 0.38.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The firm had revenue of $388.00 million during the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The company’s revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. Analysts anticipate that Virtu Financial, Inc. will post 2.7 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, November 29th. Virtu Financial’s payout ratio is currently 48.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley lifted their price objective on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Citigroup increased their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Piper Sandler restated an “overweight” rating and issued a $35.00 target price on shares of Virtu Financial in a research note on Thursday, October 24th. Bank of America decreased their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their price objective on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Virtu Financial currently has a consensus rating of “Hold” and an average price target of $29.50.

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.