UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.42 Million Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,987 shares of the financial services provider’s stock after selling 18,444 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Virtu Financial were worth $5,421,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its holdings in shares of Virtu Financial by 21.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 372 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Virtu Financial by 22.2% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 487 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Virtu Financial by 3.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,421 shares of the financial services provider’s stock valued at $436,000 after acquiring an additional 587 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Virtu Financial by 7.2% in the 3rd quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 717 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Virtu Financial by 3.0% in the 3rd quarter. QRG Capital Management Inc. now owns 25,167 shares of the financial services provider’s stock valued at $767,000 after acquiring an additional 728 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Trading Up 3.7 %

Shares of VIRT stock opened at $36.79 on Thursday. The firm has a 50 day moving average price of $34.18 and a two-hundred day moving average price of $29.54. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $5.69 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 0.57 and a beta of 0.43. Virtu Financial, Inc. has a 12-month low of $16.02 and a 12-month high of $38.45.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) 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 business’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. As a group, analysts predict that Virtu Financial, Inc. will post 2.71 earnings per share for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 2.61%. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

Analyst Upgrades and Downgrades

VIRT has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Bank of America reduced their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Citigroup lifted their price target on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Piper Sandler reiterated an “overweight” rating and set a $35.00 price target on shares of Virtu Financial in a report on Thursday, October 24th. Finally, Morgan Stanley lifted their price target on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.50.

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.