Ruffer LLP Invests $3.67 Million in Virtu Financial, Inc. $VIRT

Ruffer LLP purchased a new position in Virtu Financial, Inc. (NASDAQ:VIRT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 103,237 shares of the financial services provider’s stock, valued at approximately $3,665,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its position in shares of Virtu Financial by 96.0% during the second quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 285 shares during the period. EverSource Wealth Advisors LLC raised its position in Virtu Financial by 103.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 387 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Virtu Financial by 1,624.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider’s stock worth $38,000 after buying an additional 942 shares during the period. First Horizon Corp purchased a new position in shares of Virtu Financial during the third quarter valued at $43,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Virtu Financial by 410.6% during the second quarter. Farther Finance Advisors LLC now owns 1,297 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,043 shares during the period. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Performance

VIRT stock opened at $37.51 on Thursday. Virtu Financial, Inc. has a one year low of $31.55 and a one year high of $45.77. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.14 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a 50-day simple moving average of $34.71 and a two-hundred day simple moving average of $36.94.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The firm had revenue of $467.02 million during the quarter, compared to analyst estimates of $422.92 million. During the same quarter in the previous year, the business posted $0.82 EPS. Virtu Financial’s revenue was up 20.4% on a year-over-year basis. On average, equities analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VIRT has been the subject of a number of research reports. Bank of America raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, October 28th. The Goldman Sachs Group lowered their price target on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Morgan Stanley lifted their price objective on shares of Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a report on Thursday, January 22nd. Finally, Piper Sandler boosted their price objective on shares of Virtu Financial from $51.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Virtu Financial presently has a consensus rating of “Hold” and a consensus target price of $42.71.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.