Ibex Wealth Advisors Increases Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

Ibex Wealth Advisors increased its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,493 shares of the financial services provider's stock after purchasing an additional 57,979 shares during the quarter. Ibex Wealth Advisors owned 0.12% of Virtu Financial worth $6,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 322 shares during the last quarter. Hanseatic Management Services Inc. lifted its stake in shares of Virtu Financial by 1.2% in the 4th quarter. Hanseatic Management Services Inc. now owns 30,132 shares of the financial services provider's stock valued at $1,075,000 after purchasing an additional 371 shares during the last quarter. HBW Advisory Services LLC lifted its stake in shares of Virtu Financial by 6.8% in the 4th quarter. HBW Advisory Services LLC now owns 7,974 shares of the financial services provider's stock valued at $285,000 after purchasing an additional 509 shares during the last quarter. R Squared Ltd acquired a new position in shares of Virtu Financial in the 4th quarter valued at $25,000. Finally, Atria Investments Inc lifted its stake in shares of Virtu Financial by 7.2% in the 3rd quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider's stock valued at $327,000 after purchasing an additional 717 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Wall Street Analysts Forecast Growth

VIRT has been the topic of several research reports. Bank of America decreased their target price on Virtu Financial from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. 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. Morgan Stanley increased their target price on Virtu Financial from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Finally, 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.21.

Virtu Financial Stock Up 0.2 %

NASDAQ VIRT traded up $0.06 on Thursday, hitting $39.67. 853,338 shares of the stock were exchanged, compared to its average volume of 853,349. The company has a 50-day moving average price of $36.69 and a 200-day moving average price of $32.90. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $40.44. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. The company has a market cap of $6.13 billion, a PE ratio of 19.93, a PEG ratio of 0.49 and a beta of 0.45.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. Sell-side analysts anticipate that Virtu Financial, Inc. will post 2.9 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, February 28th. 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.