Thrivent Financial for Lutherans Purchases 13,197 Shares of Virtu Financial, Inc. $VIRT

Thrivent Financial for Lutherans increased its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 21.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,788 shares of the financial services provider’s stock after purchasing an additional 13,197 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Virtu Financial were worth $2,619,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its holdings in Virtu Financial by 96.0% during the second quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 285 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Virtu Financial by 103.8% in the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $34,000 after buying an additional 387 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Virtu Financial by 1,624.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 942 shares during the period. First Horizon Corp acquired a new position in shares of Virtu Financial during the 3rd quarter worth approximately $43,000. Finally, Allworth Financial LP raised its stake in Virtu Financial by 77.0% in the 2nd quarter. Allworth Financial LP now owns 1,547 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 673 shares during the period. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIRT has been the subject of a number of research analyst reports. Bank of America raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, October 28th. Piper Sandler lifted their target price on shares of Virtu Financial from $51.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Morgan Stanley upped their price target on shares of Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of Virtu Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Virtu Financial currently has an average rating of “Hold” and a consensus target price of $43.00.

Virtu Financial Price Performance

Shares of Virtu Financial stock opened at $39.31 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. Virtu Financial, Inc. has a twelve month low of $31.55 and a twelve month high of $45.77. The company has a 50-day simple moving average of $35.43 and a two-hundred day simple moving average of $36.62.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Thursday, January 29th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.12 by $0.73. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The company had revenue of $969.89 million for the quarter, compared to analysts’ expectations of $513.51 million. During the same period last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. Analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.96 annualized dividend and a yield of 2.4%. Virtu Financial’s payout ratio is currently 18.71%.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.