Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Interval Partners LP

Interval Partners LP reduced its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 91.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,608 shares of the financial services provider’s stock after selling 224,497 shares during the quarter. Interval Partners LP’s holdings in Virtu Financial were worth $485,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in Virtu Financial in the 1st quarter valued at approximately $26,000. Quarry LP boosted its position in shares of Virtu Financial by 79.9% during the fourth quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after buying an additional 746 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Virtu Financial in the second quarter valued at $39,000. Abich Financial Wealth Management LLC raised its holdings in shares of Virtu Financial by 55.3% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after buying an additional 781 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Virtu Financial in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on VIRT. UBS Group raised their target price on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, July 1st. The Goldman Sachs Group lifted their price objective on shares of Virtu Financial from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Citigroup increased their target price on shares of Virtu Financial from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, July 19th. StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. Finally, Piper Sandler increased their price objective on Virtu Financial from $25.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.36.

Insider Activity

In related news, Director Virginia Gambale sold 5,400 shares of Virtu Financial stock in a transaction on Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the sale, the director now directly owns 24,122 shares in the company, valued at approximately $658,530.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 46.70% of the company’s stock.

Virtu Financial Stock Performance

Shares of VIRT stock opened at $31.31 on Wednesday. The company has a market cap of $4.88 billion, a P/E ratio of 21.90, a PEG ratio of 0.49 and a beta of 0.38. The firm has a fifty day moving average price of $29.71 and a 200 day moving average price of $24.65. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.22. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $32.88.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.23. The business had revenue of $385.10 million for the quarter, compared to the consensus estimate of $331.92 million. Virtu Financial had a return on equity of 22.74% and a net margin of 7.59%. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. Sell-side analysts predict that Virtu Financial, Inc. will post 2.47 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were given a dividend of $0.24 per share. The ex-dividend date was Friday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 3.07%. Virtu Financial’s dividend payout ratio is presently 67.13%.

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.