Crestwood Advisors Group LLC Grows Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Crestwood Advisors Group LLC increased its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 15.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 25,980 shares of the financial services provider’s stock after buying an additional 3,441 shares during the period. Crestwood Advisors Group LLC’s holdings in Virtu Financial were worth $791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Norden Group LLC purchased a new position in shares of Virtu Financial in the 1st quarter worth $616,000. Private Advisor Group LLC bought a new position in Virtu Financial in the first quarter valued at about $358,000. Janney Montgomery Scott LLC boosted its position in Virtu Financial by 28.6% in the first quarter. Janney Montgomery Scott LLC now owns 14,199 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 3,162 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Virtu Financial during the 1st quarter valued at about $1,238,000. Finally, SG Americas Securities LLC increased its position in shares of Virtu Financial by 591.6% during the 1st quarter. SG Americas Securities LLC now owns 50,199 shares of the financial services provider’s stock valued at $1,030,000 after purchasing an additional 42,941 shares during the last quarter. Institutional investors own 45.78% of the company’s stock.

Wall Street Analysts Forecast Growth

VIRT has been the subject of a number of research reports. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 target price on shares of Virtu Financial in a report on Thursday, October 24th. Citigroup upped their price objective on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley lifted their target price on Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price target on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Bank of America lowered their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.50.

Virtu Financial Stock Performance

NASDAQ VIRT opened at $33.41 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. Virtu Financial, Inc. has a twelve month low of $16.02 and a twelve month high of $33.55. The business has a 50-day moving average price of $31.64 and a 200-day moving average price of $27.13. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $388.00 million during the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. As a group, equities research analysts predict that Virtu Financial, Inc. will post 2.7 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Sunday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 2.87%. Virtu Financial’s dividend payout ratio is currently 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.