Engineers Gate Manager LP Sells 67,141 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Engineers Gate Manager LP cut its holdings in Virtu Financial, Inc. (NASDAQ:VIRT – Get Rating) by 79.0% during the 3rd quarter, Holdings Channel reports. The fund owned 17,872 shares of the financial services provider’s stock after selling 67,141 shares during the period. Engineers Gate Manager LP’s holdings in Virtu Financial were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. raised its position in Virtu Financial by 128.9% in the third quarter. Ronald Blue Trust Inc. now owns 1,403 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 790 shares during the period. Truvestments Capital LLC bought a new position in Virtu Financial in the second quarter worth approximately $35,000. SeaCrest Wealth Management LLC bought a new position in Virtu Financial in the second quarter worth approximately $42,000. MetLife Investment Management LLC purchased a new position in shares of Virtu Financial during the 1st quarter valued at $65,000. Finally, New York State Teachers Retirement System boosted its holdings in Virtu Financial by 11.5% in the 3rd quarter. New York State Teachers Retirement System now owns 8,700 shares of the financial services provider’s stock worth $181,000 after buying an additional 900 shares during the period. 50.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on VIRT shares. Citigroup dropped their target price on shares of Virtu Financial from $22.50 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 27th. TheStreet downgraded shares of Virtu Financial from a “b-” rating to a “c+” rating in a report on Thursday. Piper Sandler decreased their target price on shares of Virtu Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 11th. StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Virtu Financial from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.50.

Virtu Financial Price Performance

Shares of VIRT opened at $17.05 on Tuesday. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 7.12 and a beta of 0.17. Virtu Financial, Inc. has a twelve month low of $16.26 and a twelve month high of $38.63. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $19.70 and a two-hundred day moving average of $21.13.

Virtu Financial (NASDAQ:VIRT – Get Rating) last announced its earnings results on Thursday, January 26th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.15). The firm had revenue of $274.08 million during the quarter, compared to analyst estimates of $299.94 million. Virtu Financial had a net margin of 11.21% and a return on equity of 29.54%. As a group, analysts predict that Virtu Financial, Inc. will post 2.01 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a $0.24 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.63%. Virtu Financial’s dividend payout ratio is currently 40.00%.

About Virtu Financial

(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.