Impact Partnership Wealth LLC lessened its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 53.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,402 shares of the financial services provider's stock after selling 8,368 shares during the period. Impact Partnership Wealth LLC's holdings in Virtu Financial were worth $264,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. FMR LLC boosted its position in Virtu Financial by 38.0% in the 3rd quarter. FMR LLC now owns 4,974,095 shares of the financial services provider's stock valued at $151,511,000 after buying an additional 1,368,419 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Virtu Financial in the third quarter valued at approximately $29,815,000. Portolan Capital Management LLC bought a new position in Virtu Financial in the third quarter worth approximately $11,918,000. JPMorgan Chase & Co. increased its holdings in Virtu Financial by 48.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider's stock worth $10,907,000 after purchasing an additional 117,062 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Virtu Financial by 400.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider's stock valued at $10,008,000 after purchasing an additional 262,835 shares in the last quarter. Institutional investors own 45.78% of the company's stock.
Virtu Financial Stock Up 2.4 %
Shares of VIRT stock traded up $0.92 during trading hours on Friday, reaching $39.52. 957,362 shares of the company's stock were exchanged, compared to its average volume of 634,101. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $39.60. The stock's 50 day moving average is $36.55 and its 200-day moving average is $32.56. 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 company has a market cap of $6.11 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 0.49 and a beta of 0.45.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The company had revenue of $388.00 million during the quarter, compared to analysts' expectations of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm's revenue was up 30.2% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Analysts predict that Virtu Financial, Inc. will post 2.9 earnings per share for the current fiscal year.
Virtu Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Friday, November 29th. Virtu Financial's dividend payout ratio (DPR) is presently 48.24%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Piper Sandler increased their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Citigroup increased their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted 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 upped their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Finally, Bank of America cut their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Virtu Financial presently has an average rating of "Hold" and an average target price of $30.21.
Check Out Our Latest Analysis on VIRT
About Virtu Financial
(
Free Report)
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.
Featured Stories
Before you consider Virtu Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Virtu Financial wasn't on the list.
While Virtu Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
