Fulcrum Asset Management LLP Purchases 215,850 Shares of Virtu Financial, Inc. $VIRT

Fulcrum Asset Management LLP raised its position in shares of Virtu Financial, Inc. (NYSE:VIRT) by 730.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,420 shares of the company’s stock after acquiring an additional 215,850 shares during the quarter. Virtu Financial makes up about 0.6% of Fulcrum Asset Management LLP’s holdings, making the stock its 19th largest holding. Fulcrum Asset Management LLP’s holdings in Virtu Financial were worth $13,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VIRT. Provenance Wealth Advisors LLC purchased a new position in shares of Virtu Financial in the third quarter valued at approximately $26,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Virtu Financial during the third quarter worth approximately $42,000. State of Wyoming acquired a new position in Virtu Financial in the 3rd quarter valued at $66,000. Root Financial Partners LLC acquired a new position in Virtu Financial in the 3rd quarter valued at $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Virtu Financial in the 2nd quarter valued at $88,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Trading Up 0.3%

VIRT opened at $54.05 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.14 and a quick ratio of 0.49. The company’s 50 day simple moving average is $57.63 and its two-hundred day simple moving average is $52.43. Virtu Financial, Inc. has a 1-year low of $31.55 and a 1-year high of $68.76. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.39 and a beta of 0.67.

Virtu Financial (NYSE:VIRT) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.52 by $0.25. Virtu Financial had a return on equity of 49.68% and a net margin of 14.20%. The firm had revenue of $956.39 million during the quarter, compared to analysts’ expectations of $647.02 million. During the same quarter last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 147.1% on a year-over-year basis. Analysts expect that Virtu Financial, Inc. will post 6.46 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. Virtu Financial’s payout ratio is 14.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VIRT shares. Weiss Ratings restated a “buy (b-)” rating on shares of Virtu Financial in a report on Wednesday, August 26th. Piper Sandler reaffirmed an “overweight” rating on shares of Virtu Financial in a research note on Friday, October 2nd. Wall Street Zen lowered shares of Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley reduced their target price on shares of Virtu Financial from $57.00 to $56.00 and set an “underweight” rating for the company in a research report on Friday, October 9th. Finally, Evercore upgraded shares of Virtu Financial to an “outperform” rating in a research report on Monday, October 5th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $68.25.

Trending Headlines about Virtu Financial

Here are the key news stories impacting Virtu Financial this week:

• Positive Sentiment: Q3 earnings were $1.77 per share, ahead of the $1.52 analyst consensus, while revenue of $956.4 million substantially exceeded estimates of about $647 million and rose 147.1% year over year. The earnings beat and sharp revenue growth may support investor optimism. Virtu Financial Surpasses Q3 Earnings and Revenue Estimates
• Neutral Sentiment: Virtu maintained its quarterly dividend at $0.24 per share, equivalent to $0.96 annually and a stated yield of 1.8%. It also outlined a near-term trading-capital goal of around $4 billion or more; the available report does not detail the expected financial impact of that target. Virtu outlines trading capital goal and dividend

Insider Buying and Selling at Virtu Financial

In other news, Director John Nixon sold 9,094 shares of Virtu Financial stock in a transaction on Monday, August 17th. The stock was sold at an average price of $60.13, for a total transaction of $546,822.22. Following the transaction, the director owned 30,902 shares in the company, valued at $1,858,137.26. The trade was a 22.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Grano, Jr. sold 8,400 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total transaction of $511,896.00. Following the transaction, the director directly owned 33,814 shares in the company, valued at approximately $2,060,625.16. The trade was a 19.90% decrease in their position. The SEC filing for this sale provides additional information. 46.76% of the stock is owned by corporate insiders.

Virtu Financial Company Profile

Virtu Financial, Inc is a financial technology firm and electronic market maker that provides liquidity across a range of global financial markets. The company uses technology and quantitative analysis to facilitate trading in asset classes including equities, exchange-traded funds, options, futures, currencies, fixed income and commodities.

In addition to market making, Virtu offers execution services and trading technology for institutional investors, broker-dealers and other market participants.