Interval Partners LP Invests $5.05 Million in Virtu Financial, Inc. (NASDAQ:VIRT)

Interval Partners LP bought a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 246,105 shares of the financial services provider’s stock, valued at approximately $5,050,000. Interval Partners LP owned 0.16% of Virtu Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in Virtu Financial by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,801 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 2,314 shares during the period. BOKF NA boosted its stake in Virtu Financial by 25.3% in the 1st quarter. BOKF NA now owns 29,425 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 5,945 shares during the period. Natixis boosted its stake in Virtu Financial by 110.0% in the 1st quarter. Natixis now owns 189,000 shares of the financial services provider’s stock valued at $3,878,000 after purchasing an additional 99,000 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Virtu Financial by 3.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 40,908 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 1,217 shares during the period. Finally, Seven Eight Capital LP bought a new stake in Virtu Financial in the 1st quarter valued at $1,368,000. 45.78% of the stock is currently owned by institutional investors.

Virtu Financial Price Performance

VIRT stock traded down $0.56 during midday trading on Wednesday, reaching $27.26. 383,262 shares of the stock were exchanged, compared to its average volume of 1,303,610. The stock has a market capitalization of $4.28 billion, a PE ratio of 19.08, a P/E/G ratio of 0.51 and a beta of 0.39. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $29.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.45 and a quick ratio of 0.45. The company has a fifty day moving average price of $23.84 and a 200 day moving average price of $21.12.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.23. Virtu Financial had a return on equity of 22.67% and a net margin of 7.59%. The firm had revenue of $385.10 million for the quarter, compared to analyst estimates of $331.92 million. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s revenue was up 38.2% on a year-over-year basis. As a group, analysts expect that Virtu Financial, Inc. will post 2.26 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Sunday, September 1st. Virtu Financial’s dividend payout ratio (DPR) is currently 67.13%.

Wall Street Analysts Forecast Growth

VIRT has been the subject of several analyst reports. StockNews.com raised Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. UBS Group lifted their price objective on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Bank of America lifted their price objective on Virtu Financial from $25.00 to $37.00 and gave the company a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on Virtu Financial from $20.00 to $21.50 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group boosted their price target on Virtu Financial from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.36.

About Virtu Financial

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.