International Assets Investment Management LLC Acquires 52,181 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

International Assets Investment Management LLC boosted its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 3,011.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,914 shares of the financial services provider's stock after purchasing an additional 52,181 shares during the period. International Assets Investment Management LLC's holdings in Virtu Financial were worth $1,770,000 at the end of the most recent reporting period.

Several other hedge funds and 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 third quarter valued at approximately $33,000. Innealta Capital LLC bought a new position in Virtu Financial in the second quarter worth about $46,000. First Horizon Advisors Inc. lifted its holdings in Virtu Financial by 21.0% in the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider's stock worth $48,000 after buying an additional 372 shares during the period. Abich Financial Wealth Management LLC boosted its position in Virtu Financial by 55.3% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 781 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Virtu Financial by 149.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider's stock worth $73,000 after acquiring an additional 1,442 shares in the last quarter. Institutional investors own 45.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler reiterated an "overweight" rating and issued a $35.00 price objective on shares of Virtu Financial in a report on Thursday, October 24th. Citigroup upped their price objective 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. The Goldman Sachs Group lifted their target price 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. Morgan Stanley upped their price target 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. Finally, Bank of America cut 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. Five 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 company presently has an average rating of "Hold" and a consensus target price of $29.50.

Virtu Financial Stock Performance

NASDAQ VIRT traded down $0.17 during trading hours on Monday, hitting $31.39. The company's stock had a trading volume of 638,357 shares, compared to its average volume of 1,270,575. 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 company has a market cap of $4.85 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38. The company's 50 day simple moving average is $31.54 and its two-hundred day simple moving average is $26.93. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $33.55.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) 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 analysts' expectations of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The firm's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. As a group, sell-side analysts expect that Virtu Financial, Inc. will post 2.7 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Sunday, December 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.06%. Virtu Financial's dividend payout ratio is currently 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.