Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 27.6% during the fourth quarter, Holdings Channel reports. The firm owned 50,720 shares of the financial services provider’s stock after selling 19,300 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Virtu Financial were worth $1,028,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. William Blair Investment Management LLC boosted its stake in shares of Virtu Financial by 7.6% in the 3rd quarter. William Blair Investment Management LLC now owns 8,347,311 shares of the financial services provider’s stock valued at $144,158,000 after buying an additional 588,749 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Virtu Financial by 156.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 801,024 shares of the financial services provider’s stock worth $13,834,000 after acquiring an additional 489,264 shares during the last quarter. 1834 Investment Advisors Co. grew its holdings in Virtu Financial by 913.6% during the 4th quarter. 1834 Investment Advisors Co. now owns 306,289 shares of the financial services provider’s stock worth $6,205,000 after acquiring an additional 276,071 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Virtu Financial in the 3rd quarter valued at approximately $2,294,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Virtu Financial by 14.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,037,105 shares of the financial services provider’s stock valued at $17,911,000 after purchasing an additional 126,965 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Stock Up 1.0 %

Virtu Financial stock opened at $22.57 on Friday. The company has a market capitalization of $3.55 billion, a P/E ratio of 15.78, a PEG ratio of 0.49 and a beta of 0.38. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.45. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $24.25. The stock has a 50-day simple moving average of $21.40 and a 200-day simple moving average of $19.47.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. The company had revenue of $366.87 million for the quarter, compared to analyst estimates of $334.79 million. Virtu Financial had a return on equity of 17.33% and a net margin of 6.04%. Equities research analysts expect that Virtu Financial, Inc. will post 2.04 earnings per share for the current year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 annualized dividend and a yield of 4.25%. Virtu Financial’s dividend payout ratio (DPR) is 67.13%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VIRT. The Goldman Sachs Group boosted their target price on shares of Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Piper Sandler upped their price objective on Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Bank of America raised their target price on Virtu Financial from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. UBS Group lowered their price target on Virtu Financial from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Virtu Financial from $20.00 to $21.50 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Five investment analysts have rated the stock with 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 a consensus rating of “Hold” and an average target price of $22.24.

Virtu Financial Company 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.