Riverview Trust Co Acquires Shares of 1,290 Virtu Financial, Inc. (NASDAQ:VIRT)

Riverview Trust Co acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,290 shares of the financial services provider’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently bought and sold shares of VIRT. Envestnet Portfolio Solutions Inc. acquired a new stake in Virtu Financial during the 3rd quarter valued at approximately $195,000. Envestnet Asset Management Inc. grew its stake in Virtu Financial by 23.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 504,739 shares of the financial services provider’s stock valued at $8,717,000 after purchasing an additional 96,772 shares in the last quarter. Hsbc Holdings PLC grew its stake in Virtu Financial by 27.7% during the 3rd quarter. Hsbc Holdings PLC now owns 280,338 shares of the financial services provider’s stock valued at $4,834,000 after purchasing an additional 60,776 shares in the last quarter. Stifel Financial Corp grew its stake in Virtu Financial by 15.1% during the 3rd quarter. Stifel Financial Corp now owns 125,297 shares of the financial services provider’s stock valued at $2,164,000 after purchasing an additional 16,416 shares in the last quarter. Finally, Trexquant Investment LP grew its position in shares of Virtu Financial by 285.1% in the 3rd quarter. Trexquant Investment LP now owns 85,540 shares of the financial services provider’s stock worth $1,477,000 after acquiring an additional 63,325 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Trading Up 0.0 %

NASDAQ:VIRT opened at $23.06 on Thursday. Virtu Financial, Inc. has a 12-month low of $16.02 and a 12-month high of $25.68. The firm has a market capitalization of $3.62 billion, a P/E ratio of 16.13, a P/E/G ratio of 0.50 and a beta of 0.36. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.45 and a quick ratio of 0.45. The business has a 50 day simple moving average of $22.72 and a 200 day simple moving average of $20.36.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Virtu Financial had a return on equity of 17.33% and a net margin of 6.04%. The business had revenue of $366.87 million during the quarter, compared to analyst estimates of $334.79 million. Equities research analysts predict that Virtu Financial, Inc. will post 2.08 EPS for the current year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.16%. Virtu Financial’s dividend payout ratio (DPR) is presently 67.13%.

Analyst Upgrades and Downgrades

VIRT has been the subject of several research reports. Piper Sandler lifted their target price on Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup lifted their target price on Virtu Financial from $22.50 to $24.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Morgan Stanley lifted their target price on Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their target price on Virtu Financial from $20.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group lifted their target price on Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Virtu Financial currently has a consensus rating of “Hold” and an average price target 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.