Virtu Financial, Inc. (NASDAQ:VIRT) Shares Purchased by Barclays PLC

Barclays PLC increased its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 60.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,486 shares of the financial services provider’s stock after acquiring an additional 20,843 shares during the quarter. Barclays PLC’s holdings in Virtu Financial were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D purchased a new position in Virtu Financial in the third quarter worth approximately $1,971,000. Seven Eight Capital LP boosted its stake in shares of Virtu Financial by 41.9% in the second quarter. Seven Eight Capital LP now owns 94,608 shares of the financial services provider’s stock valued at $2,124,000 after purchasing an additional 27,948 shares during the period. Bridgewater Associates LP grew its holdings in shares of Virtu Financial by 124.7% in the third quarter. Bridgewater Associates LP now owns 53,785 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 29,844 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Virtu Financial in the second quarter valued at approximately $381,000. Finally, Scientech Research LLC purchased a new stake in Virtu Financial during the 2nd quarter worth approximately $395,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VIRT. Citigroup lifted their target price 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 restated an “overweight” rating and set a $35.00 price objective on shares of Virtu Financial in a research report on Thursday, October 24th. Morgan Stanley lifted their target price 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. Bank of America lowered their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group upped their price objective 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.50.

Virtu Financial Price Performance

Virtu Financial stock opened at $36.61 on Friday. The firm’s 50-day moving average is $34.99 and its two-hundred day moving average is $30.52. 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 capitalization of $5.66 billion, a P/E ratio of 18.40, a P/E/G ratio of 0.49 and a beta of 0.43. Virtu Financial, Inc. has a 12-month low of $16.02 and a 12-month high of $38.45.

Virtu Financial (NASDAQ:VIRT) last released its earnings results 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 firm had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. Equities analysts predict that Virtu Financial, Inc. will post 2.71 earnings per share 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 given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is presently 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.