Peddock Capital Advisors LLC Grows Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in shares of Virtu Financial by 38.0% during the third quarter. FMR LLC now owns 4,974,095 shares of the financial services provider’s stock worth $151,511,000 after purchasing an additional 1,368,419 shares during the last quarter. Renaissance Technologies LLC grew its stake in Virtu Financial by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 3,643,686 shares of the financial services provider’s stock worth $81,801,000 after acquiring an additional 124,563 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Virtu Financial during the third quarter worth approximately $29,815,000. Old West Investment Management LLC raised its stake in shares of Virtu Financial by 4.3% during the second quarter. Old West Investment Management LLC now owns 681,441 shares of the financial services provider’s stock valued at $15,298,000 after acquiring an additional 28,199 shares in the last quarter. Finally, Portolan Capital Management LLC bought a new position in Virtu Financial in the third quarter worth approximately $11,918,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Down 1.2 %

NASDAQ VIRT traded down $0.43 during trading on Monday, hitting $34.21. The company’s stock had a trading volume of 922,861 shares, compared to its average volume of 961,323. The company has a market cap of $5.29 billion, a PE ratio of 17.19, a P/E/G ratio of 0.49 and a beta of 0.45. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $38.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. The business’s 50 day simple moving average is $35.96 and its 200-day simple moving average is $31.60.

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

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors 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 dividend payout ratio is currently 48.24%.

Wall Street Analyst Weigh In

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

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.