New York State Teachers Retirement System Raises Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

New York State Teachers Retirement System raised its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT – Get Rating) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,700 shares of the financial services provider’s stock after purchasing an additional 900 shares during the period. New York State Teachers Retirement System’s holdings in Virtu Financial were worth $181,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Ronald Blue Trust Inc. boosted its stake in shares of Virtu Financial by 128.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,403 shares of the financial services provider’s stock worth $33,000 after buying an additional 790 shares during the last quarter. McIlrath & Eck LLC purchased a new position in Virtu Financial during the second quarter valued at $35,000. Truvestments Capital LLC purchased a new position in Virtu Financial during the second quarter valued at $35,000. SeaCrest Wealth Management LLC purchased a new position in Virtu Financial during the second quarter valued at $42,000. Finally, MetLife Investment Management LLC purchased a new position in Virtu Financial during the first quarter valued at $65,000. 50.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Virtu Financial

In other Virtu Financial news, Director Joanne Minieri bought 4,000 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were purchased at an average price of $22.63 per share, with a total value of $90,520.00. Following the completion of the purchase, the director now owns 16,187 shares in the company, valued at approximately $366,311.81. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group lowered their target price on Virtu Financial from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, January 6th. Citigroup cut Virtu Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $26.00 to $22.50 in a report on Thursday, January 12th. Piper Sandler decreased their price target on Virtu Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, January 11th. Morgan Stanley decreased their price target on Virtu Financial from $20.00 to $19.00 and set an “underweight” rating on the stock in a report on Wednesday, January 11th. Finally, StockNews.com initiated coverage on Virtu Financial in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.94.

Virtu Financial Trading Up 1.6 %

Shares of VIRT stock opened at $20.10 on Friday. Virtu Financial, Inc. has a 1 year low of $19.59 and a 1 year high of $38.63. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50 day simple moving average is $21.17 and its two-hundred day simple moving average is $22.12. The company has a market cap of $3.40 billion, a PE ratio of 6.66 and a beta of 0.04.

Virtu Financial (NASDAQ:VIRT – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Virtu Financial had a return on equity of 38.81% and a net margin of 13.27%. The business had revenue of $331.14 million for the quarter, compared to the consensus estimate of $307.23 million. Research analysts predict that Virtu Financial, Inc. will post 2.92 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, November 30th. This represents a $0.96 dividend on an annualized basis and a yield of 4.78%. Virtu Financial’s dividend payout ratio (DPR) is presently 31.79%.

Virtu Financial Profile

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Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.