First Bank & Trust Has $402,000 Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

First Bank & Trust grew its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 3.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 19,614 shares of the financial services provider’s stock after acquiring an additional 734 shares during the period. First Bank & Trust’s holdings in Virtu Financial were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in Virtu Financial in the 1st quarter valued at $26,000. Congress Asset Management Co. MA lifted its position in Virtu Financial by 1.2% in the 1st quarter. Congress Asset Management Co. MA now owns 340,258 shares of the financial services provider’s stock valued at $6,982,000 after acquiring an additional 3,885 shares in the last quarter. Alaska Permanent Fund Corp lifted its position in Virtu Financial by 7.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 135,766 shares of the financial services provider’s stock valued at $2,786,000 after acquiring an additional 9,035 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Virtu Financial in the 4th quarter valued at $247,000. Finally, Quarry LP lifted its position in Virtu Financial by 79.9% in the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 746 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Stock Down 1.4 %

Shares of VIRT stock opened at $22.45 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.45. The firm’s 50-day moving average is $22.79 and its 200-day moving average is $20.40. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.48 and a beta of 0.36. Virtu Financial, Inc. has a 52-week low of $16.02 and a 52-week high of $25.68.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results 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. The company had revenue of $366.87 million for the quarter, compared to analysts’ expectations of $334.79 million. Virtu Financial had a net margin of 6.04% and a return on equity of 17.33%. Sell-side analysts predict that Virtu Financial, Inc. will post 2.08 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were issued a $0.24 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.28%. Virtu Financial’s payout ratio is 67.13%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VIRT. The Goldman Sachs Group boosted their price objective on shares of Virtu Financial from $19.20 to $21.70 and gave the company a “neutral” rating in a research report on Friday, April 26th. Morgan Stanley boosted their price target on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler boosted their price target on shares of 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 boosted their price target on shares of Virtu Financial from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Citigroup boosted their price target on shares of Virtu Financial from $22.50 to $24.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.24.

Virtu Financial 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.