Atria Investments Inc Grows Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Atria Investments Inc lifted its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,724 shares of the financial services provider’s stock after buying an additional 717 shares during the quarter. Atria Investments Inc’s holdings in Virtu Financial were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VIRT. USA Financial Formulas bought a new position in Virtu Financial during the 3rd quarter worth approximately $33,000. International Assets Investment Management LLC bought a new position in Virtu Financial during the second quarter worth $39,000. Abich Financial Wealth Management LLC boosted its holdings in Virtu Financial by 55.3% in the first quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 781 shares during the period. Innealta Capital LLC acquired a new position in Virtu Financial in the second quarter worth $46,000. Finally, First Horizon Advisors Inc. increased its stake in Virtu Financial by 21.0% during the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 372 shares during the last quarter. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Down 3.0 %

VIRT opened at $36.69 on Friday. The stock’s 50 day moving average price is $32.62 and its 200 day moving average price is $28.14. 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 stock has a market cap of $5.67 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.58 and a beta of 0.38. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $38.09.

Virtu Financial (NASDAQ:VIRT) last released its quarterly 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. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The company had revenue of $388.00 million during the quarter, compared to analysts’ expectations of $379.18 million. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. As a group, research analysts predict that Virtu Financial, Inc. will post 2.71 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, November 29th. Virtu Financial’s dividend payout ratio is currently 48.24%.

Wall Street Analyst Weigh In

Several research firms have recently commented on VIRT. The Goldman Sachs Group lifted 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. Bank of America decreased their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Citigroup increased their price target on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley boosted 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, Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Virtu Financial in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Virtu Financial currently has a consensus rating of “Hold” and a consensus target price of $29.50.

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.