Impact Partnership Wealth LLC Decreases Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Impact Partnership Wealth LLC lessened its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 53.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,402 shares of the financial services provider’s stock after selling 8,368 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Virtu Financial were worth $264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of Virtu Financial during the 3rd quarter worth about $33,000. Albion Financial Group UT purchased a new stake in shares of Virtu Financial during the 4th quarter worth approximately $45,000. GAMMA Investing LLC boosted its holdings in shares of Virtu Financial by 149.0% in the 3rd 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 grew its position in shares of Virtu Financial by 42.9% in 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 last quarter. Finally, Private Trust Co. NA increased its position in shares of Virtu Financial by 158.2% during the third quarter. Private Trust Co. NA now owns 5,856 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 3,588 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Trading Up 2.4 %

Shares of Virtu Financial stock opened at $39.52 on Friday. The business has a 50 day moving average price of $36.55 and a 200 day moving average price of $32.49. The company has a market capitalization of $6.11 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.49 and a beta of 0.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $39.60.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The business’s revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. Sell-side analysts anticipate that Virtu Financial, Inc. will post 2.9 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a dividend of $0.24 per share. The ex-dividend date was Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.43%. Virtu Financial’s dividend payout ratio is currently 48.24%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup upped their price target on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their price objective on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Bank of America decreased 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. The Goldman Sachs Group lifted their price target on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Finally, Piper Sandler upped 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 given a buy rating to the company’s stock. According to data from MarketBeat, Virtu Financial presently 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.