Crestwood Advisors Group LLC Acquires 3,441 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Crestwood Advisors Group LLC increased its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 15.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,980 shares of the financial services provider’s stock after purchasing an additional 3,441 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Virtu Financial were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VIRT. Norden Group LLC purchased a new stake in shares of Virtu Financial during the first quarter valued at approximately $616,000. Private Advisor Group LLC purchased a new stake in Virtu Financial during the 1st quarter valued at $358,000. Janney Montgomery Scott LLC grew its holdings in Virtu Financial by 28.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,199 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 3,162 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Virtu Financial in the 1st quarter worth $1,238,000. Finally, SG Americas Securities LLC increased its position in shares of Virtu Financial by 591.6% in the first quarter. SG Americas Securities LLC now owns 50,199 shares of the financial services provider’s stock valued at $1,030,000 after acquiring an additional 42,941 shares during the period. 45.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Virtu Financial Trading Up 5.0 %

Shares of NASDAQ VIRT opened at $33.41 on Thursday. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $33.55. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50-day moving average of $31.64 and a 200 day moving average of $27.13. The stock has a market cap of $5.17 billion, a P/E 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 company had revenue of $388.00 million for 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 quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. As a group, sell-side analysts expect that Virtu Financial, Inc. will post 2.7 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Sunday, December 1st. This represents a $0.96 annualized dividend and a dividend yield of 2.87%. Virtu Financial’s payout ratio is presently 48.24%.

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.