Neuburgh Advisers LLC Grows Holdings in Virtu Financial Inc (VIRT)

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Neuburgh Advisers LLC grew its stake in Virtu Financial Inc (NASDAQ:VIRT) by 85.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,768 shares of the financial services provider’s stock after buying an additional 16,960 shares during the quarter. Neuburgh Advisers LLC’s holdings in Virtu Financial were worth $947,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. We Are One Seven LLC purchased a new stake in shares of Virtu Financial in the 4th quarter valued at $65,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Virtu Financial by 86.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,202 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 1,483 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Virtu Financial in the 4th quarter valued at $89,000. Bremer Trust National Association purchased a new stake in shares of Virtu Financial in the 4th quarter valued at $125,000. Finally, IFP Advisors Inc boosted its stake in shares of Virtu Financial by 49.1% in the 4th quarter. IFP Advisors Inc now owns 4,940 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,627 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Shares of VIRT opened at $25.19 on Friday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.95 and a beta of -0.72. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.68 and a quick ratio of 0.68. Virtu Financial Inc has a twelve month low of $19.65 and a twelve month high of $37.85.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $299.20 million during the quarter, compared to analysts’ expectations of $292.87 million. Virtu Financial had a net margin of 15.39% and a return on equity of 24.62%. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 EPS. As a group, equities research analysts forecast that Virtu Financial Inc will post 1.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.96 annualized dividend and a yield of 3.81%. Virtu Financial’s payout ratio is currently 48.98%.

In other Virtu Financial news, CEO Douglas A. Cifu sold 127,088 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $26.31, for a total value of $3,343,685.28. Following the completion of the transaction, the chief executive officer now directly owns 138,544 shares in the company, valued at approximately $3,645,092.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 73.50% of the company’s stock.

A number of equities research analysts have recently issued reports on VIRT shares. ValuEngine raised shares of Virtu Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. BidaskClub raised shares of Virtu Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, December 11th. Goldman Sachs Group raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Friday, January 4th. Zacks Investment Research raised shares of Virtu Financial from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Saturday, January 12th. Finally, Morgan Stanley set a $27.00 price target on shares of Virtu Financial and gave the company a “hold” rating in a research report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Virtu Financial has an average rating of “Hold” and an average target price of $29.40.

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About Virtu Financial

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial Inc (NASDAQ:VIRT).

Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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