Virtu Financial, Inc. (NASDAQ:VIRT) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 7.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,393 shares of the financial services provider’s stock after purchasing an additional 3,393 shares during the period. National Bank of Canada FI’s holdings in Virtu Financial were worth $1,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIRT. State of New Jersey Common Pension Fund D acquired a new position in shares of Virtu Financial in the 3rd quarter worth approximately $1,971,000. Seven Eight Capital LP boosted its holdings in Virtu Financial by 41.9% during the second quarter. Seven Eight Capital LP now owns 94,608 shares of the financial services provider’s stock worth $2,124,000 after buying an additional 27,948 shares in the last quarter. Bridgewater Associates LP grew its position in Virtu Financial by 124.7% in the third 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. XTX Topco Ltd bought a new position in shares of Virtu Financial in the second quarter valued at $381,000. Finally, Scientech Research LLC acquired a new stake in shares of Virtu Financial during the 2nd quarter valued at $395,000. 45.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on VIRT. 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 report on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Citigroup lifted their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Piper Sandler restated an “overweight” rating and issued a $35.00 price target on shares of Virtu Financial in a research report on Thursday, October 24th. Finally, Bank of America lowered their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Virtu Financial has a consensus rating of “Hold” and an average target price of $29.50.

Virtu Financial Stock Down 0.9 %

VIRT stock opened at $36.49 on Friday. The company has a 50 day moving average of $34.38 and a two-hundred day moving average of $29.73. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 18.34, a PEG 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. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. Virtu Financial’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. On average, equities analysts anticipate that Virtu Financial, Inc. will post 2.71 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

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