Peregrine Capital Management LLC Has $6.53 Million Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

Peregrine Capital Management LLC lifted its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,844 shares of the financial services provider’s stock after purchasing an additional 3,775 shares during the quarter. Peregrine Capital Management LLC owned 0.19% of Virtu Financial worth $6,529,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. grew its stake in Virtu Financial by 21.0% in the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 372 shares in the last quarter. First Bank & Trust raised its holdings in Virtu Financial by 3.9% in the 1st quarter. First Bank & Trust now owns 19,614 shares of the financial services provider’s stock valued at $402,000 after acquiring an additional 734 shares in the last quarter. Quarry LP raised its holdings in shares of Virtu Financial by 79.9% during the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after buying an additional 746 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of Virtu Financial by 55.3% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock worth $45,000 after buying an additional 781 shares in the last quarter. Finally, CWM LLC grew its position in Virtu Financial by 112.3% during the 4th quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,127 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on VIRT. UBS Group upped their price target on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Citigroup raised their target price on Virtu Financial from $26.00 to $32.00 and gave the company a “buy” rating in a report on Friday, July 19th. StockNews.com upgraded Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. The Goldman Sachs Group raised their target price on Virtu Financial from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Bank of America lifted their price target on Virtu Financial from $25.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.36.

Insiders Place Their Bets

In other news, Director Virginia Gambale sold 5,400 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the completion of the sale, the director now owns 24,122 shares of the company’s stock, valued at $658,530.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 46.70% of the company’s stock.

Virtu Financial Price Performance

VIRT stock traded down $0.16 during trading on Friday, reaching $30.71. The company’s stock had a trading volume of 1,678,074 shares, compared to its average volume of 1,272,375. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $30.99. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $4.83 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 0.52 and a beta of 0.39. The company’s fifty day moving average is $26.69 and its 200-day moving average is $22.93.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.23. Virtu Financial had a net margin of 7.59% and a return on equity of 22.74%. The business had revenue of $385.10 million during the quarter, compared to the consensus estimate of $331.92 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. On average, research analysts expect that Virtu Financial, Inc. will post 2.29 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be given a dividend of $0.24 per share. The ex-dividend date is Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 3.13%. Virtu Financial’s dividend payout ratio is presently 67.13%.

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.