Hanseatic Management Services Inc. Raises Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Hanseatic Management Services Inc. lifted its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,132 shares of the financial services provider’s stock after buying an additional 371 shares during the period. Virtu Financial comprises 1.4% of Hanseatic Management Services Inc.’s holdings, making the stock its 27th largest holding. Hanseatic Management Services Inc.’s holdings in Virtu Financial were worth $1,075,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Abich Financial Wealth Management LLC raised its position in Virtu Financial by 22.2% during the second quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 487 shares during the period. HBW Advisory Services LLC lifted its position in Virtu Financial by 6.8% in the fourth quarter. HBW Advisory Services LLC now owns 7,974 shares of the financial services provider’s stock worth $285,000 after buying an additional 509 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Virtu Financial by 3.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 19,421 shares of the financial services provider’s stock worth $436,000 after buying an additional 587 shares during the period. Atria Investments Inc increased its position in Virtu Financial by 7.2% during the third quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 717 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Virtu Financial by 3.0% in the third quarter. QRG Capital Management Inc. now owns 25,167 shares of the financial services provider’s stock valued at $767,000 after acquiring an additional 728 shares during the period. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VIRT has been the topic of several analyst reports. 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 report on Monday, September 30th. Morgan Stanley increased their price target on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Bank of America dropped their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Piper Sandler increased their target price on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Citigroup boosted their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.21.

Virtu Financial Stock Performance

Shares of Virtu Financial stock opened at $37.26 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23. The stock’s fifty day moving average price is $36.27 and its 200-day moving average price is $32.00. The firm has a market cap of $5.76 billion, a P/E ratio of 18.72, a P/E/G ratio of 0.47 and a beta of 0.45. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $38.45.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The business had revenue of $388.00 million during the quarter, compared to analyst estimates of $379.18 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. On average, equities research analysts expect that Virtu Financial, Inc. will post 2.8 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.58%. Virtu Financial’s dividend 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.