Versor Investments LP purchased a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,300 shares of the financial services provider's stock, valued at approximately $832,000.
Other hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in shares of Virtu Financial in the 3rd quarter worth $33,000. International Assets Investment Management LLC bought a new stake in Virtu Financial in the 2nd quarter worth about $39,000. Abich Financial Wealth Management LLC raised its position in Virtu Financial by 55.3% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider's stock worth $45,000 after buying an additional 781 shares during the last quarter. Innealta Capital LLC bought a new position in Virtu Financial during the 2nd quarter valued at about $46,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Virtu Financial by 21.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 372 shares during the last quarter. 45.78% of the stock is currently owned by hedge funds and other institutional investors.
Virtu Financial Stock Performance
Shares of NASDAQ:VIRT traded down $0.16 during mid-day trading on Wednesday, reaching $34.94. 941,667 shares of the company traded hands, compared to its average volume of 1,263,298. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $36.98. The firm has a market cap of $5.40 billion, a PE ratio of 17.56, a PEG ratio of 0.55 and a beta of 0.38. The company's 50 day moving average price is $32.02 and its 200-day moving average price is $27.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.03. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The firm had revenue of $388.00 million during the quarter, compared to analysts' expectations of $379.18 million. During the same period in the prior year, the company posted $0.40 earnings per share. The company's revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities analysts expect that Virtu Financial, Inc. will post 2.7 EPS for the current fiscal year.
Virtu Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.75%. Virtu Financial's dividend payout ratio is presently 48.24%.
Wall Street Analysts Forecast Growth
VIRT has been the subject of several research reports. Bank of America decreased their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Citigroup increased their price target on Virtu Financial from $32.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Piper Sandler reaffirmed an "overweight" rating and issued a $35.00 price objective on shares of Virtu Financial in a report on Thursday, October 24th. Morgan Stanley upped their price objective on Virtu Financial from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their price target on Virtu Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $29.50.
Get Our Latest Stock Analysis on VIRT
About Virtu Financial
(
Free Report)
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.
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