Janney Montgomery Scott LLC Has $1.48 Million Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Janney Montgomery Scott LLC lifted its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 26.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,592 shares of the financial services provider’s stock after buying an additional 10,074 shares during the period. Janney Montgomery Scott LLC’s holdings in Virtu Financial were worth $1,480,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its holdings in shares of Virtu Financial by 76.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 73,572 shares of the financial services provider’s stock worth $1,510,000 after acquiring an additional 31,884 shares during the last quarter. Seven Eight Capital LP bought a new position in Virtu Financial in the 1st quarter valued at approximately $1,368,000. SG Americas Securities LLC boosted its position in Virtu Financial by 591.6% in the first quarter. SG Americas Securities LLC now owns 50,199 shares of the financial services provider’s stock valued at $1,030,000 after buying an additional 42,941 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Virtu Financial during the second quarter worth $381,000. Finally, Scientech Research LLC acquired a new position in shares of Virtu Financial during the second quarter worth $395,000. 45.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America cut their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Piper Sandler restated an “overweight” rating and set a $35.00 price target on shares of Virtu Financial in a report on Thursday, October 24th. Citigroup raised their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley raised their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group boosted 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.50.

Virtu Financial Trading Up 0.7 %

Shares of VIRT stock opened at $35.19 on Friday. The company has a market cap of $5.44 billion, a P/E ratio of 17.68, a PEG ratio of 0.55 and a beta of 0.38. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $36.98. The stock has a 50 day simple moving average of $32.09 and a two-hundred day simple moving average of $27.64. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. Virtu Financial’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. Research analysts forecast that Virtu Financial, Inc. will post 2.7 earnings per share for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.73%. Virtu Financial’s dividend payout ratio is presently 48.24%.

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.