Albion Financial Group UT Invests $45,000 in Virtu Financial, Inc. (NASDAQ:VIRT)

Albion Financial Group UT purchased a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,250 shares of the financial services provider’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in Virtu Financial during the 3rd quarter valued at about $1,081,000. State of New Jersey Common Pension Fund D bought a new position in Virtu Financial during the third quarter valued at approximately $1,971,000. Barclays PLC boosted its holdings in Virtu Financial by 60.2% in the third quarter. Barclays PLC now owns 55,486 shares of the financial services provider’s stock worth $1,691,000 after purchasing an additional 20,843 shares during the last quarter. Bridgewater Associates LP boosted its holdings in Virtu Financial by 124.7% in the third quarter. Bridgewater Associates LP now owns 53,785 shares of the financial services provider’s stock worth $1,638,000 after purchasing an additional 29,844 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Virtu Financial by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider’s stock worth $10,907,000 after purchasing an additional 117,062 shares during the period. Institutional investors own 45.78% of the company’s stock.

Analysts Set New Price Targets

VIRT has been the topic of a number of research reports. Piper Sandler raised their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Bank of America dropped their target price 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. The Goldman Sachs Group upped 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. Citigroup raised their price objective on shares of 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 upped their target price on shares of Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.21.

Virtu Financial Price Performance

VIRT stock opened at $37.41 on Thursday. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $38.45. The firm has a market capitalization of $5.78 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.48 and a beta of 0.45. The company has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $32.32. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. The company 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 revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. Analysts anticipate that Virtu Financial, Inc. will post 2.9 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a dividend of $0.24 per share. The ex-dividend date was Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 2.57%. Virtu Financial’s payout ratio is presently 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.