Teachers Retirement System of The State of Kentucky Has $850,000 Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

Teachers Retirement System of The State of Kentucky raised its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 24.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,900 shares of the financial services provider’s stock after buying an additional 5,489 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Virtu Financial were worth $850,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VIRT. Wealth Enhancement Advisory Services LLC purchased a new position in Virtu Financial during the 2nd quarter worth $226,000. Raymond James & Associates boosted its holdings in Virtu Financial by 9.8% during the second quarter. Raymond James & Associates now owns 276,500 shares of the financial services provider’s stock worth $6,207,000 after purchasing an additional 24,714 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Virtu Financial by 60.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 3,000 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Virtu Financial by 21.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after buying an additional 372 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Virtu Financial during the 2nd quarter worth approximately $999,000. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Trading Down 4.3 %

Shares of VIRT opened at $34.74 on Thursday. The business has a 50-day moving average of $34.62 and a 200 day moving average of $30.01. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $38.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $5.37 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 0.49 and a beta of 0.43.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $388.00 million during the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. Virtu Financial’s revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. As a group, research analysts forecast that Virtu Financial, Inc. will post 2.71 EPS for the current year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.76%. Virtu Financial’s payout ratio is 48.24%.

Analyst Ratings Changes

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

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.