Algert Global LLC Sells 73,479 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Algert Global LLC decreased its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 46.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 83,776 shares of the financial services provider’s stock after selling 73,479 shares during the quarter. Algert Global LLC’s holdings in Virtu Financial were worth $2,552,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VIRT. CANADA LIFE ASSURANCE Co raised its position in shares of Virtu Financial by 3.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 40,908 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 1,217 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Virtu Financial by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 48,801 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 2,314 shares during the last quarter. Tidal Investments LLC raised its holdings in Virtu Financial by 11.4% in the first quarter. Tidal Investments LLC now owns 73,229 shares of the financial services provider’s stock worth $1,503,000 after purchasing an additional 7,494 shares in the last quarter. Comerica Bank lifted its position in shares of Virtu Financial by 244.7% during the first quarter. Comerica Bank now owns 12,401 shares of the financial services provider’s stock valued at $254,000 after buying an additional 8,803 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Virtu Financial by 55.3% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after buying an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Down 0.2 %

Virtu Financial stock opened at $36.71 on Wednesday. The business’s 50-day simple moving average is $32.80 and its two-hundred day simple moving average is $28.42. 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 company has a market cap of $5.68 billion, a PE ratio of 18.45, a PEG ratio of 0.57 and a beta of 0.38. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $38.09.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm had revenue of $388.00 million for the quarter, compared to analyst estimates of $379.18 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Virtu Financial’s revenue for the quarter was up 30.2% on a year-over-year basis. Equities analysts anticipate that Virtu Financial, Inc. will post 2.71 EPS for the current year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors 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 2.62%. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Citigroup increased their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their price objective on Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Piper Sandler restated an “overweight” rating and set a $35.00 target price on shares of Virtu Financial in a research note on Thursday, October 24th. Bank of America decreased their price target 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. Finally, The Goldman Sachs Group boosted their price target on Virtu Financial from $26.00 to $29.00 and gave the stock 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.