Virtu Financial, Inc. (NASDAQ:VIRT) Shares Purchased by Private Trust Co. NA

Private Trust Co. NA raised its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 158.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,856 shares of the financial services provider’s stock after buying an additional 3,588 shares during the quarter. Private Trust Co. NA’s holdings in Virtu Financial were worth $178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in Virtu Financial by 21.0% during the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after buying an additional 372 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of 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 worth $60,000 after purchasing an additional 487 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Virtu Financial by 3.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,421 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 587 shares during the period. Atria Investments Inc raised its position in shares of Virtu Financial by 7.2% during the 3rd quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 717 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of Virtu Financial by 3.0% during the 3rd quarter. QRG Capital Management Inc. now owns 25,167 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 728 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Stock Performance

Shares of NASDAQ VIRT opened at $37.34 on Friday. The stock has a fifty day moving average price of $32.99 and a two-hundred day moving average price of $28.58. 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 firm has a market cap of $5.77 billion, a P/E ratio of 18.76, a PEG ratio of 0.58 and a beta of 0.38. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $38.45.

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. The firm had revenue of $388.00 million during the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. Research analysts forecast that Virtu Financial, Inc. will post 2.71 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, November 29th. Virtu Financial’s payout ratio is currently 48.24%.

Wall Street Analyst Weigh In

VIRT has been the topic of a number of research reports. Bank of America dropped their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Piper Sandler reiterated an “overweight” rating and set a $35.00 price target on shares of Virtu Financial in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price target on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Citigroup increased their price objective on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley increased their price objective on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.