Virtu Financial, Inc. (NASDAQ:VIRT) Shares Bought by Ibex Wealth Advisors

Ibex Wealth Advisors boosted its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 45.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,493 shares of the financial services provider’s stock after purchasing an additional 57,979 shares during the period. Ibex Wealth Advisors’ holdings in Virtu Financial were worth $6,583,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VIRT. Robeco Institutional Asset Management B.V. grew its position in Virtu Financial by 227.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 112,194 shares of the financial services provider’s stock valued at $4,003,000 after purchasing an additional 77,980 shares in the last quarter. R Squared Ltd acquired a new stake in Virtu Financial during the fourth quarter valued at $25,000. Moody Aldrich Partners LLC grew its stake in Virtu Financial by 21.6% in the fourth quarter. Moody Aldrich Partners LLC now owns 310,751 shares of the financial services provider’s stock valued at $11,088,000 after purchasing an additional 55,102 shares in the last quarter. KBC Group NV raised its stake in shares of Virtu Financial by 35.6% during the 4th quarter. KBC Group NV now owns 3,884 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Virtu Financial by 13.0% during the 4th quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider’s stock valued at $100,000 after buying an additional 322 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VIRT. Piper Sandler lifted their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Bank of America lowered their price target 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. Citigroup lifted their target price 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. Finally, Morgan Stanley boosted their target price on shares of 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.21.

Virtu Financial Trading Up 0.5 %

Shares of VIRT traded up $0.19 during trading hours on Wednesday, hitting $39.12. 180,162 shares of the stock traded hands, compared to its average volume of 793,092. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $40.30. The business has a fifty day moving average of $36.64 and a 200-day moving average of $32.86. 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 firm has a market capitalization of $6.05 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 0.49 and a beta of 0.45.

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

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is 48.24%.

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.