HBW Advisory Services LLC Boosts Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

HBW Advisory Services LLC raised its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 6.8% during the fourth quarter, Holdings Channel reports. The fund owned 7,974 shares of the financial services provider’s stock after buying an additional 509 shares during the period. HBW Advisory Services LLC’s holdings in Virtu Financial were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Abich Financial Wealth Management LLC grew its holdings in Virtu Financial by 22.2% during 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. Mercer Global Advisors Inc. ADV increased its holdings in Virtu Financial by 3.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,421 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 587 shares during the last quarter. Atria Investments Inc raised its stake in 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 acquiring an additional 717 shares during the period. QRG Capital Management Inc. lifted its holdings in Virtu Financial by 3.0% during the third quarter. QRG Capital Management Inc. now owns 25,167 shares of the financial services provider’s stock valued at $767,000 after purchasing an additional 728 shares during the last quarter. Finally, KBC Group NV boosted its position in Virtu Financial by 42.9% during the third quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 860 shares during the period. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Analysts Set New Price Targets

VIRT has been the topic of a number of recent research reports. Piper Sandler upped their price target 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. Citigroup raised their price target on 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 objective on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Morgan Stanley raised 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, Bank of America lowered their target price 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Virtu Financial has an average rating of “Hold” and a consensus price target of $30.21.

Virtu Financial Stock Performance

NASDAQ VIRT opened at $34.64 on Friday. Virtu Financial, Inc. has a 52-week low of $16.02 and a 52-week high of $38.45. The company has a fifty day moving average of $35.96 and a 200-day moving average of $31.54. The company has a market capitalization of $5.36 billion, a P/E ratio of 17.41, 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 quick ratio of 0.47 and a current ratio of 0.47.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The firm had revenue of $388.00 million during the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The company’s revenue 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. As a group, equities research analysts predict that Virtu Financial, Inc. will post 2.71 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, November 29th. 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.