Hsbc Holdings PLC Sells 36,009 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Hsbc Holdings PLC lowered its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRTFree Report) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 244,329 shares of the financial services provider’s stock after selling 36,009 shares during the period. Hsbc Holdings PLC owned about 0.15% of Virtu Financial worth $4,957,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CWM LLC raised its stake in shares of Virtu Financial by 112.3% during the fourth quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,127 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Virtu Financial by 1,867.8% during 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 acquiring an additional 3,885 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Virtu Financial during the third quarter valued at $195,000. Peddock Capital Advisors LLC bought a new position in shares of Virtu Financial during the fourth quarter valued at $241,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Virtu Financial during the fourth quarter valued at $311,000. Institutional investors own 45.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VIRT shares. Morgan Stanley increased their price objective on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group increased their price objective on shares of Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a research report on Friday, April 26th. StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. increased their price objective on shares of Virtu Financial from $20.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Citigroup increased their price objective on shares of Virtu Financial from $22.50 to $24.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Virtu Financial currently has a consensus rating of “Hold” and a consensus target price of $22.24.

View Our Latest Analysis on Virtu Financial

Virtu Financial Trading Down 3.1 %

NASDAQ:VIRT opened at $22.16 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.50 and a beta of 0.36. The firm has a fifty day simple moving average of $21.85 and a two-hundred day simple moving average of $19.76. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $24.25.

Virtu Financial (NASDAQ:VIRTGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Virtu Financial had a net margin of 6.04% and a return on equity of 17.33%. The business had revenue of $366.87 million during the quarter, compared to analysts’ expectations of $334.79 million. Analysts expect that Virtu Financial, Inc. will post 2.04 EPS for the current fiscal year.

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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, May 31st. Virtu Financial’s dividend payout ratio (DPR) is 67.13%.

Virtu Financial Profile

(Free Report)

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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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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