City Center Advisors LLC reduced its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT – Free Report) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,736 shares of the financial services provider’s stock after selling 1,082 shares during the quarter. City Center Advisors LLC’s holdings in Virtu Financial were worth $240,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in Virtu Financial in the 3rd quarter valued at about $1,081,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Virtu Financial in the third quarter valued at approximately $1,971,000. Barclays PLC increased its stake in shares of Virtu Financial by 60.2% during the third quarter. Barclays PLC now owns 55,486 shares of the financial services provider’s stock worth $1,691,000 after purchasing an additional 20,843 shares during the period. Seven Eight Capital LP lifted its holdings in Virtu Financial by 41.9% during the 2nd quarter. Seven Eight Capital LP now owns 94,608 shares of the financial services provider’s stock worth $2,124,000 after purchasing an additional 27,948 shares during the last quarter. Finally, Bridgewater Associates LP boosted its stake in Virtu Financial by 124.7% in the 3rd quarter. Bridgewater Associates LP now owns 53,785 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 29,844 shares during the period. 45.78% of the stock is currently owned by institutional investors and hedge funds.
Virtu Financial Price Performance
Shares of VIRT stock opened at $34.21 on Tuesday. The business has a fifty day simple moving average of $35.96 and a 200 day simple moving average of $31.60. The company has a market cap of $5.29 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.49 and a beta of 0.45. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. Virtu Financial, Inc. has a twelve month low of $16.02 and a twelve month high of $38.45.
Virtu Financial Dividend Announcement
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 dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is currently 48.24%.
Wall Street Analyst Weigh In
VIRT has been the subject of a number of research reports. Morgan Stanley lifted their target price on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Citigroup increased their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Piper Sandler lifted their price target on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Bank of America dropped their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Virtu Financial has a consensus rating of “Hold” and a consensus price target of $30.21.
Read Our Latest Report on VIRT
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.
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