Retirement Planning Co of New England Inc. Takes $62,000 Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Retirement Planning Co of New England Inc. acquired a new stake in Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) in the 4th quarter, Holdings Channel reports. The firm acquired 2,151 shares of the financial services provider’s stock, valued at approximately $62,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC raised its stake in shares of Virtu Financial by 38.6% in the third quarter. William Blair Investment Management LLC now owns 9,732,667 shares of the financial services provider’s stock valued at $237,769,000 after purchasing an additional 2,710,178 shares in the last quarter. BlackRock Inc. raised its stake in shares of Virtu Financial by 2.3% in the third quarter. BlackRock Inc. now owns 4,222,716 shares of the financial services provider’s stock valued at $103,161,000 after purchasing an additional 94,893 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Virtu Financial by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,412,243 shares of the financial services provider’s stock valued at $34,502,000 after purchasing an additional 20,462 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Virtu Financial by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,118,553 shares of the financial services provider’s stock valued at $27,326,000 after purchasing an additional 35,203 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Virtu Financial by 10.0% in the fourth quarter. First Trust Advisors LP now owns 1,026,442 shares of the financial services provider’s stock valued at $29,592,000 after purchasing an additional 93,077 shares in the last quarter. 99.64% of the stock is owned by institutional investors.

A number of research analysts recently commented on the company. StockNews.com initiated coverage on Virtu Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Rosenblatt Securities increased their price objective on Virtu Financial from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, April 14th. Piper Sandler increased their price objective on Virtu Financial from $38.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 1st. JPMorgan Chase & Co. dropped their price objective on Virtu Financial from $40.00 to $37.50 in a research note on Friday. Finally, Citigroup increased their price objective on Virtu Financial from $36.00 to $37.50 in a research note on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $38.17.

In related news, major shareholder Private Ltd Gic sold 4,027,062 shares of the firm’s stock in a transaction dated Friday, February 4th. The stock was sold at an average price of $31.04, for a total value of $125,000,004.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 63.70% of the stock is owned by company insiders.

Shares of NASDAQ:VIRT opened at $28.88 on Friday. Virtu Financial, Inc. has a twelve month low of $23.19 and a twelve month high of $38.63. The firm has a market cap of $5.14 billion, a PE ratio of 9.76 and a beta of -0.42. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.60 and a current ratio of 0.60. The business has a fifty day moving average of $35.42 and a 200-day moving average of $31.22.

Virtu Financial (NASDAQ:VIRTGet Rating) last announced its earnings results on Thursday, April 28th. The financial services provider reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.08. Virtu Financial had a return on equity of 37.85% and a net margin of 16.96%. The company had revenue of $522.31 million during the quarter, compared to analyst estimates of $483.93 million. During the same period last year, the company posted $2.04 earnings per share. The firm’s quarterly revenue was down 28.3% compared to the same quarter last year. On average, analysts anticipate that Virtu Financial, Inc. will post 3.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Tuesday, May 31st. Virtu Financial’s dividend payout ratio is 32.43%.

Virtu Financial Company Profile (Get Rating)

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.

See Also

Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. (NASDAQ:VIRTGet Rating).

Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.