35,482 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) in the third quarter, HoldingsChannel reports. The fund acquired 35,482 shares of the financial services provider’s stock, valued at approximately $1,081,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VIRT. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Virtu Financial in the second quarter worth $226,000. Raymond James & Associates lifted its position in shares of Virtu Financial by 9.8% during the second quarter. Raymond James & Associates now owns 276,500 shares of the financial services provider’s stock worth $6,207,000 after purchasing an additional 24,714 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Virtu Financial by 60.0% during the second quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 3,000 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Virtu Financial in the second quarter valued at about $999,000. Finally, Bank of New York Mellon Corp raised its stake in Virtu Financial by 39.2% during the second quarter. Bank of New York Mellon Corp now owns 1,215,833 shares of the financial services provider’s stock valued at $27,295,000 after buying an additional 342,327 shares in the last quarter. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VIRT. The Goldman Sachs Group boosted their price target on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Citigroup increased their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. 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. Morgan Stanley upped their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Bank of America decreased their target price on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.50.

Virtu Financial Trading Up 2.5 %

Shares of NASDAQ:VIRT opened at $35.41 on Friday. Virtu Financial, Inc. has a twelve month low of $16.02 and a twelve month high of $38.45. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23. The firm has a market cap of $5.48 billion, a P/E ratio of 17.79, a P/E/G ratio of 0.49 and a beta of 0.43. The company has a 50 day moving average of $34.73 and a 200-day moving average of $30.13.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (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 during the quarter, compared to analyst estimates of $379.18 million. During the same period last year, the company posted $0.40 EPS. The firm’s quarterly revenue was up 30.2% on a year-over-year basis. As a group, analysts anticipate that Virtu Financial, Inc. will post 2.71 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

Virtu Financial Company 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.