Point72 Hong Kong Ltd Makes New $332,000 Investment in Virtu Financial, Inc. (NASDAQ:VIRT)

Point72 Hong Kong Ltd purchased a new stake in Virtu Financial, Inc. (NASDAQ:VIRT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,899 shares of the financial services provider’s stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D acquired a new stake in Virtu Financial in the 3rd quarter valued at about $1,971,000. Seven Eight Capital LP lifted its position in shares of Virtu Financial by 41.9% in the second quarter. Seven Eight Capital LP now owns 94,608 shares of the financial services provider’s stock valued at $2,124,000 after buying an additional 27,948 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Virtu Financial during the 2nd quarter worth approximately $381,000. Scientech Research LLC acquired a new position in shares of Virtu Financial during the 2nd quarter worth approximately $395,000. Finally, Principal Financial Group Inc. bought a new stake in Virtu Financial in the 2nd quarter valued at $9,751,000. Institutional investors own 45.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VIRT shares. The Goldman Sachs Group lifted their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 target price on shares of Virtu Financial in a report on Thursday, October 24th. Bank of America lowered their price target on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley boosted 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. Finally, Citigroup increased their target price on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.50.

Virtu Financial Stock Up 1.3 %

Shares of VIRT opened at $37.81 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $38.45. The firm’s 50 day moving average is $33.23 and its 200-day moving average is $28.81. The stock has a market capitalization of $5.85 billion, a PE ratio of 19.00, a P/E/G ratio of 0.58 and a beta of 0.43.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $388.00 million for 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 company’s revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. Equities research analysts forecast that Virtu Financial, Inc. will post 2.71 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

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.