USA Financial Formulas Has $396,000 Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

USA Financial Formulas lifted its holdings in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 910.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,085 shares of the financial services provider's stock after acquiring an additional 9,988 shares during the period. USA Financial Formulas' holdings in Virtu Financial were worth $396,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Abich Financial Wealth Management LLC raised its position in Virtu Financial by 22.2% in 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. GAMMA Investing LLC grew its stake in shares of Virtu Financial by 149.0% in the third quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider's stock valued at $73,000 after buying an additional 1,442 shares in the last quarter. KBC Group NV raised its holdings in shares of Virtu Financial by 42.9% during the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider's stock valued at $87,000 after buying an additional 860 shares during the period. Quarry LP lifted its position in Virtu Financial by 129.1% during the 2nd quarter. Quarry LP now owns 6,130 shares of the financial services provider's stock worth $138,000 after acquiring an additional 3,454 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in Virtu Financial by 158.2% in the 3rd quarter. Private Trust Co. NA now owns 5,856 shares of the financial services provider's stock worth $178,000 after acquiring an additional 3,588 shares during the period. Hedge funds and other institutional investors own 45.78% of the company's stock.

Virtu Financial Trading Up 2.2 %

Shares of Virtu Financial stock traded up $0.78 during trading on Thursday, hitting $36.77. The stock had a trading volume of 303,644 shares, compared to its average volume of 833,626. The stock has a 50 day simple moving average of $36.14 and a 200 day simple moving average of $31.80. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $38.45. 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 capitalization of $5.69 billion, a PE ratio of 18.49, a P/E/G ratio of 0.47 and a beta of 0.45.

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

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Friday, November 29th. Virtu Financial's dividend payout ratio (DPR) is presently 48.24%.

Wall Street Analyst Weigh In

VIRT has been the topic of a number of analyst reports. Bank of America dropped their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Piper Sandler boosted their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. The Goldman Sachs Group raised their target price on Virtu Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday, September 30th. Citigroup boosted their price target on Virtu Financial from $32.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.