14,189 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. bought a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) during the third quarter, HoldingsChannel reports. The institutional investor bought 14,189 shares of the financial services provider’s stock, valued at approximately $432,000.

Several other hedge funds also recently modified their holdings of VIRT. O Shaughnessy Asset Management LLC lifted its holdings in Virtu Financial by 76.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 73,572 shares of the financial services provider’s stock valued at $1,510,000 after buying an additional 31,884 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in Virtu Financial during the 3rd quarter worth $1,971,000. Seven Eight Capital LP raised its position in shares of Virtu Financial by 41.9% during the 2nd quarter. Seven Eight Capital LP now owns 94,608 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 27,948 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Virtu Financial in the 2nd quarter valued at $381,000. Finally, Scientech Research LLC bought a new position in shares of Virtu Financial in the 2nd quarter worth $395,000. Institutional investors own 45.78% of the company’s stock.

Wall Street Analyst Weigh In

VIRT has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Morgan Stanley increased their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Virtu Financial in a research note on Thursday, October 24th. Bank of America reduced their price target 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. Finally, Citigroup boosted their price target on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.50.

Virtu Financial Stock Up 2.2 %

Shares of VIRT stock opened at $37.79 on Friday. Virtu Financial, Inc. has a 12-month low of $16.02 and a 12-month high of $37.89. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. The firm has a fifty day moving average of $32.62 and a 200-day moving average of $28.14. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 0.58 and a beta of 0.38.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $388.00 million during the quarter, compared to analysts’ expectations of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The company’s revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. As a group, equities research analysts predict that Virtu Financial, Inc. will post 2.7 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, November 29th. Virtu Financial’s payout ratio is 48.24%.

About Virtu Financial

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.