Virtu Financial, Inc. (NASDAQ:VIRT) Shares Purchased by Cwm LLC

Cwm LLC raised its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 112.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,131 shares of the financial services provider’s stock after acquiring an additional 1,127 shares during the quarter. Cwm LLC’s holdings in Virtu Financial were worth $43,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Virtu Financial by 1,867.8% in the fourth quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 3,885 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Virtu Financial during the 3rd quarter worth $184,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Virtu Financial in the third quarter valued at about $195,000. Nisa Investment Advisors LLC increased its position in Virtu Financial by 212.0% during the third quarter. Nisa Investment Advisors LLC now owns 15,600 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 10,600 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in Virtu Financial during the fourth quarter worth about $311,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Performance

NASDAQ:VIRT opened at $22.65 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.45 and a quick ratio of 0.45. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.51 and a beta of 0.38. The firm’s fifty day moving average price is $20.59 and its 200 day moving average price is $19.13. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $22.92.

Virtu Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Friday, May 31st. Virtu Financial’s payout ratio is 67.13%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VIRT. Citigroup upped their price objective on Virtu Financial from $22.50 to $24.50 and gave the company a “buy” rating in a report on Thursday, April 25th. Morgan Stanley increased their price target on Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Bank of America boosted their price objective on shares of Virtu Financial from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of Virtu Financial from $20.00 to $21.50 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Piper Sandler upped their price objective on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.24.

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.