Virtu Financial, Inc. (NASDAQ:VIRT) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,401 shares of the financial services provider’s stock after acquiring an additional 1,745 shares during the quarter. Diversify Wealth Management LLC’s holdings in Virtu Financial were worth $1,573,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Virtu Financial in the 3rd quarter valued at approximately $1,081,000. State of New Jersey Common Pension Fund D bought a new stake in Virtu Financial during the third quarter valued at $1,971,000. Barclays PLC raised its holdings in shares of Virtu Financial by 60.2% during the third quarter. Barclays PLC now owns 55,486 shares of the financial services provider’s stock worth $1,691,000 after purchasing an additional 20,843 shares during the period. Bridgewater Associates LP lifted its position in shares of Virtu Financial by 124.7% in the 3rd quarter. Bridgewater Associates LP now owns 53,785 shares of the financial services provider’s stock worth $1,638,000 after buying an additional 29,844 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Virtu Financial in the 2nd quarter valued at about $381,000. 45.78% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Price Performance

Shares of VIRT opened at $37.26 on Tuesday. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $38.45. The stock’s fifty day moving average is $36.30 and its 200-day moving average is $32.18. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 0.47 and a beta of 0.45.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm 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%. Virtu Financial’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. Equities analysts anticipate that Virtu Financial, Inc. will post 2.8 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, November 29th. Virtu Financial’s payout ratio is currently 48.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Piper Sandler increased their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Citigroup boosted their price objective on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Bank of America dropped their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their price target 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.21.

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.