Janney Montgomery Scott LLC Trims Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Janney Montgomery Scott LLC trimmed its holdings in Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) by 44.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,958 shares of the financial services provider’s stock after selling 12,524 shares during the period. Janney Montgomery Scott LLC’s holdings in Virtu Financial were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIRT. Ronald Blue Trust Inc. boosted its holdings in Virtu Financial by 128.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,403 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 790 shares during the period. McIlrath & Eck LLC acquired a new stake in Virtu Financial during the 2nd quarter worth approximately $35,000. Truvestments Capital LLC purchased a new position in Virtu Financial in the 2nd quarter valued at approximately $35,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Virtu Financial during the second quarter worth $42,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Virtu Financial during the first quarter worth $65,000. 50.17% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Trading Down 1.0 %

Shares of Virtu Financial stock opened at $20.12 on Wednesday. The company’s fifty day moving average is $21.09 and its two-hundred day moving average is $22.09. 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 quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $3.40 billion, a P/E ratio of 6.66 and a beta of 0.04.

Virtu Financial (NASDAQ:VIRTGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $331.14 million during the quarter, compared to analysts’ expectations of $307.23 million. Virtu Financial had a return on equity of 38.81% and a net margin of 13.27%. Analysts forecast that Virtu Financial, Inc. will post 2.87 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Wednesday, November 30th. Virtu Financial’s dividend payout ratio (DPR) is presently 31.79%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VIRT shares. Piper Sandler decreased their price objective on Virtu Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, January 11th. Citigroup downgraded Virtu Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $22.50 in a report on Thursday, January 12th. Morgan Stanley dropped their price objective on Virtu Financial from $20.00 to $19.00 and set an “underweight” rating on the stock in a report on Wednesday, January 11th. UBS Group decreased their target price on Virtu Financial from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, January 6th. Finally, StockNews.com started coverage on shares of Virtu Financial in a research note on Wednesday, October 12th. They issued 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.94.

Insider Activity

In other news, Director Joanne Minieri purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was purchased at an average cost of $22.63 per share, with a total value of $90,520.00. Following the completion of the acquisition, the director now directly owns 16,187 shares of the company’s stock, valued at approximately $366,311.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.10% of the company’s stock.

Virtu Financial Profile

(Get Rating)

Virtu Financial, Inc engages in the provision of market making and liquidity services. It operates through the following segments: Market Making, Execution Services and Corporate. The Market Making segment engages in the buying and selling of securities and other financial instruments. The Execution Services segment agency offers trading venues that provide transparent trading in global equities, ETFs, and fixed income to institutions, banks and broker dealers.

See Also

Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. (NASDAQ:VIRTGet Rating).

Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.