Foundry Partners LLC Acquires 7,963 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Foundry Partners LLC grew its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 54.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,499 shares of the financial services provider’s stock after buying an additional 7,963 shares during the quarter. Foundry Partners LLC’s holdings in Virtu Financial were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of VIRT. USA Financial Formulas bought a new stake in Virtu Financial during the 3rd quarter valued at $33,000. International Assets Investment Management LLC purchased a new position in shares of Virtu Financial in the second quarter valued at $39,000. Abich Financial Wealth Management LLC raised its stake in shares of Virtu Financial by 55.3% during 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 purchasing an additional 781 shares during the period. Innealta Capital LLC purchased a new stake in Virtu Financial during the 2nd quarter worth about $46,000. Finally, First Horizon Advisors Inc. boosted its stake in Virtu Financial by 21.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 372 shares during the period. Institutional investors own 45.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Citigroup raised 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. The Goldman Sachs Group boosted their price target on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective on shares of Virtu Financial in a research report on Thursday, October 24th. Finally, Bank of America reduced their target price on 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Virtu Financial has a consensus rating of “Hold” and an average price target of $29.50.

Virtu Financial Trading Down 3.0 %

NASDAQ VIRT opened at $36.69 on Friday. 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 company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.59 and a beta of 0.38. The stock’s 50-day simple moving average is $32.62 and its two-hundred day simple moving average is $28.14. Virtu Financial, Inc. has a twelve month low of $16.02 and a twelve month high of $38.09.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $388.00 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.40 earnings per share. Research analysts forecast that Virtu Financial, Inc. will post 2.71 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.62%. Virtu Financial’s payout ratio is currently 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.