Virtu Financial, Inc. (NASDAQ:VIRT) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 44.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,860 shares of the financial services provider’s stock after acquiring an additional 8,526 shares during the period. Quantinno Capital Management LP’s holdings in Virtu Financial were worth $849,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. grew 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 valued at $48,000 after purchasing an additional 372 shares during the last quarter. Abich Financial Wealth Management LLC increased its holdings in Virtu Financial by 22.2% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 487 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Virtu Financial by 3.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 19,421 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 587 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Virtu Financial by 7.2% in the third quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 717 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Virtu Financial by 3.0% in the third quarter. QRG Capital Management Inc. now owns 25,167 shares of the financial services provider’s stock valued at $767,000 after purchasing an additional 728 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIRT has been the subject of several research reports. Morgan Stanley lifted their price objective 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. Piper Sandler reissued an “overweight” rating and issued a $35.00 price target on shares of Virtu Financial in a report on Thursday, October 24th. Bank of America decreased their price objective 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. The Goldman Sachs Group lifted their price objective on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Citigroup upped their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.50.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT opened at $36.49 on Friday. The company has a market cap of $5.64 billion, a P/E ratio of 18.34, a P/E/G ratio of 0.58 and a beta of 0.43. The business has a fifty day simple moving average of $34.38 and a 200-day simple moving average of $29.69. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $38.45. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly 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 company had revenue of $388.00 million during the quarter, compared to analysts’ expectations 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 was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. Equities research analysts forecast that Virtu Financial, Inc. will post 2.71 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is 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.