Peddock Capital Advisors LLC Raises Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Peddock Capital Advisors LLC boosted its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 23.4% in the 4th quarter, Holdings Channel reports. The fund owned 27,806 shares of the financial services provider’s stock after buying an additional 5,276 shares during the period. Peddock Capital Advisors LLC’s holdings in Virtu Financial were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. USA Financial Formulas acquired a new position in shares of Virtu Financial during the 3rd quarter worth approximately $33,000. Abich Financial Wealth Management LLC grew its position in shares of Virtu Financial by 22.2% in the second quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 487 shares during the period. GAMMA Investing LLC increased its stake in shares of Virtu Financial by 149.0% during the third quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,442 shares in the last quarter. KBC Group NV raised its position in shares of Virtu Financial by 42.9% during the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 860 shares during the last quarter. Finally, Quarry LP lifted its stake in Virtu Financial by 129.1% in the 2nd quarter. Quarry LP now owns 6,130 shares of the financial services provider’s stock valued at $138,000 after buying an additional 3,454 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citigroup boosted their price objective on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Piper Sandler increased their price objective on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Bank of America lowered their target price on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. The Goldman Sachs Group increased their target price on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Finally, Morgan Stanley boosted their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Virtu Financial has an average rating of “Hold” and an average target price of $30.21.

Virtu Financial Trading Down 1.2 %

VIRT stock traded down $0.43 during trading on Monday, reaching $34.21. 922,861 shares of the stock were exchanged, compared to its average volume of 961,323. The business has a 50 day moving average price of $35.96 and a 200-day moving average price of $31.60. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $38.45. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 0.49 and a beta of 0.45.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $388.00 million during the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. On average, research analysts predict that Virtu Financial, Inc. will post 2.71 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.81%. Virtu Financial’s payout ratio is currently 48.24%.

About Virtu Financial

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.