Temasek Holdings Private Ltd grew its position in shares of Virtu Financial Inc (NASDAQ:VIRT) by 65.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,330,503 shares of the financial services provider’s stock after buying an additional 8,012,821 shares during the period. Virtu Financial makes up 1.9% of Temasek Holdings Private Ltd’s holdings, making the stock its 9th biggest position. Temasek Holdings Private Ltd owned 10.96% of Virtu Financial worth $329,354,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Royce & Associates LP increased its position in shares of Virtu Financial by 3.1% in the third quarter. Royce & Associates LP now owns 668,300 shares of the financial services provider’s stock worth $10,826,000 after purchasing an additional 20,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Virtu Financial by 66.5% in the third quarter. Dimensional Fund Advisors LP now owns 558,012 shares of the financial services provider’s stock valued at $9,040,000 after buying an additional 222,843 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Virtu Financial by 103.9% in the third quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock valued at $60,714,000 after buying an additional 1,909,864 shares in the last quarter. Ffcm LLC acquired a new stake in Virtu Financial in the third quarter valued at about $116,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Virtu Financial in the third quarter valued at about $403,000. Hedge funds and other institutional investors own 26.58% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research raised Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday. BidaskClub raised Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday. TheStreet lowered Virtu Financial from a “c-” rating to a “d+” rating in a research note on Thursday, October 12th. Rosenblatt Securities assumed coverage on Virtu Financial in a research note on Friday, September 15th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of Virtu Financial in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Virtu Financial presently has an average rating of “Hold” and an average price target of $16.86.
Shares of Virtu Financial Inc (VIRT) opened at $16.60 on Wednesday. Virtu Financial Inc has a 12 month low of $13.10 and a 12 month high of $19.07. The company has a market capitalization of $3,173.21, a PE ratio of 28.73 and a beta of 0.38. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $159.79 million for the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The business’s revenue for the quarter was up 64.4% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. sell-side analysts anticipate that Virtu Financial Inc will post 0.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date is Thursday, November 30th. Virtu Financial’s dividend payout ratio is currently 600.04%.
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Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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