Robeco Institutional Asset Management B.V. Raises Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 56.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,181 shares of the financial services provider's stock after purchasing an additional 62,987 shares during the period. Robeco Institutional Asset Management B.V. owned 0.11% of Virtu Financial worth $6,678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wedge Capital Management L L P NC boosted its stake in shares of Virtu Financial by 0.8% during the first quarter. Wedge Capital Management L L P NC now owns 33,397 shares of the financial services provider's stock valued at $1,273,000 after purchasing an additional 281 shares in the last quarter. Mariner LLC boosted its stake in shares of Virtu Financial by 4.2% during the fourth quarter. Mariner LLC now owns 8,074 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 324 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Virtu Financial by 2.7% during the fourth quarter. Cerity Partners LLC now owns 14,826 shares of the financial services provider's stock valued at $516,000 after purchasing an additional 392 shares in the last quarter. Atlas Capital Advisors Inc. grew its holdings in Virtu Financial by 2.2% in the fourth quarter. Atlas Capital Advisors Inc. now owns 19,635 shares of the financial services provider's stock worth $701,000 after purchasing an additional 426 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Virtu Financial by 172.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after purchasing an additional 551 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VIRT has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Virtu Financial from $26.00 to $28.00 and gave the stock an "underweight" rating in a report on Thursday, April 24th. UBS Group reaffirmed a "neutral" rating and issued a $40.00 price target (up from $38.00) on shares of Virtu Financial in a report on Thursday, April 24th. Bank of America lowered shares of Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price target on the stock. in a report on Thursday, May 15th. JPMorgan Chase & Co. lifted their price target on shares of Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Virtu Financial from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $37.25.

Insider Activity at Virtu Financial

In other Virtu Financial news, Director John Nixon sold 6,965 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $42.82, for a total value of $298,241.30. Following the completion of the transaction, the director now owns 33,923 shares in the company, valued at approximately $1,452,582.86. This represents a 17.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas A. Cifu sold 177,561 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $38.88, for a total transaction of $6,903,571.68. Following the completion of the transaction, the chief executive officer now owns 231,306 shares of the company's stock, valued at approximately $8,993,177.28. This trade represents a 43.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 362,846 shares of company stock worth $14,079,615 over the last three months. Company insiders own 47.20% of the company's stock.

Virtu Financial Price Performance

Shares of VIRT opened at $44.38 on Monday. The firm has a market capitalization of $6.84 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. Virtu Financial, Inc. has a 1-year low of $21.59 and a 1-year high of $44.75. The company's fifty day moving average price is $41.15 and its 200-day moving average price is $38.40.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.31. The firm had revenue of $497.14 million for the quarter, compared to analyst estimates of $444.23 million. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The business's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. On average, equities research analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.16%. Virtu Financial's dividend payout ratio is presently 27.75%.

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.

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