Bangor Savings Bank Has $1.10 Million Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Bangor Savings Bank lowered its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 30,777 shares of the financial services provider’s stock after selling 675 shares during the period. Bangor Savings Bank’s holdings in Virtu Financial were worth $1,098,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VIRT. USA Financial Formulas bought a new position in shares of Virtu Financial during the 3rd quarter worth approximately $33,000. Abich Financial Wealth Management LLC lifted its holdings in Virtu Financial by 22.2% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 487 shares during the last quarter. GAMMA Investing LLC boosted its position in Virtu Financial by 149.0% during the third quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,442 shares during the period. KBC Group NV increased its holdings in shares of Virtu Financial by 42.9% in the third quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 860 shares during the last quarter. Finally, Quarry LP raised its position in shares of Virtu Financial by 129.1% in the second quarter. Quarry LP now owns 6,130 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 3,454 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup lifted their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Piper Sandler boosted their price objective on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America lowered their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. The Goldman Sachs Group lifted their price target on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Finally, Morgan Stanley increased their price objective on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.21.

Virtu Financial Price Performance

Shares of NASDAQ VIRT opened at $36.36 on Tuesday. The stock has a market capitalization of $5.62 billion, a PE ratio of 18.27, a P/E/G ratio of 0.49 and a beta of 0.45. 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 current ratio of 0.47 and a quick ratio of 0.47. The business has a fifty day moving average price of $35.56 and a two-hundred day moving average price of $31.23.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data 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 business had revenue of $388.00 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted $0.40 earnings per share. As a group, equities analysts predict that Virtu Financial, Inc. will post 2.71 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a dividend of $0.24 per share. The ex-dividend date was Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.64%. Virtu Financial’s dividend payout ratio is 48.24%.

Virtu Financial Company 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.