Precision Wealth Strategies LLC Makes New Investment in Virtu Financial, Inc. (NASDAQ:VIRT)

Precision Wealth Strategies LLC purchased a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,146 shares of the financial services provider's stock, valued at approximately $612,000.

Several other large investors have also made changes to their positions in the business. R Squared Ltd bought a new stake in Virtu Financial during the 4th quarter worth approximately $25,000. USA Financial Formulas bought a new position in shares of Virtu Financial during the 3rd quarter valued at about $33,000. Albion Financial Group UT bought a new stake in Virtu Financial in the 4th quarter valued at $45,000. GAMMA Investing LLC raised its holdings in Virtu Financial by 149.0% during the third quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider's stock worth $73,000 after acquiring an additional 1,442 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Virtu Financial by 13.0% in the 4th quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 322 shares during the period. Institutional investors and hedge funds own 45.78% of the company's stock.

Virtu Financial Stock Up 2.6 %

Shares of Virtu Financial stock traded up $1.03 during midday trading on Wednesday, hitting $41.12. The company had a trading volume of 602,246 shares, compared to its average volume of 851,207. The company has a 50 day moving average of $36.92 and a 200 day moving average of $33.37. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. Virtu Financial, Inc. has a 52-week low of $16.02 and a 52-week high of $41.24. The stock has a market capitalization of $6.36 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.52 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. On average, equities analysts predict that Virtu Financial, Inc. will post 2.85 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.33%. Virtu Financial's payout ratio is currently 32.32%.

Analyst Ratings Changes

VIRT has been the topic of several research analyst reports. Citigroup raised their price objective on Virtu Financial from $32.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Morgan Stanley raised their price objective on Virtu Financial from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, Piper Sandler lifted their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Virtu Financial currently has an average rating of "Hold" and a consensus price target of $30.21.

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.