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

Impact Partnership Wealth LLC decreased its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 53.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of Virtu Financial during the third quarter worth about $33,000. Albion Financial Group UT purchased a new stake in shares of Virtu Financial during the 4th quarter valued at about $45,000. GAMMA Investing LLC lifted its position in Virtu Financial by 149.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,442 shares in the last quarter. KBC Group NV boosted its holdings in Virtu Financial by 42.9% in the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 860 shares during the period. Finally, Private Trust Co. NA grew its position in Virtu Financial by 158.2% in the third quarter. Private Trust Co. NA now owns 5,856 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 3,588 shares in the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Stock Up 2.4 %

NASDAQ:VIRT opened at $39.52 on Friday. The stock has a 50-day simple moving average of $36.55 and a 200 day simple moving average of $32.49. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $39.60. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth 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 for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The business had revenue of $388.00 million during the quarter, compared to the consensus estimate of $379.18 million. During the same period in the previous year, the business earned $0.40 EPS. The business’s quarterly revenue was up 30.2% on a year-over-year basis. Sell-side analysts predict that Virtu Financial, Inc. will post 2.9 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VIRT shares. Morgan Stanley boosted their target price 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. 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. Citigroup lifted their target price on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Bank of America cut their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group raised 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.