Moody Aldrich Partners LLC Has $7.79 Million Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Moody Aldrich Partners LLC reduced its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 6.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 255,649 shares of the financial services provider’s stock after selling 16,424 shares during the quarter. Virtu Financial makes up 1.4% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 10th largest holding. Moody Aldrich Partners LLC owned 0.16% of Virtu Financial worth $7,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in VIRT. Impact Partnership Wealth LLC boosted its position in Virtu Financial by 37.3% in the third quarter. Impact Partnership Wealth LLC now owns 15,770 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 4,286 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Virtu Financial by 3,011.0% in the third quarter. International Assets Investment Management LLC now owns 53,914 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 52,181 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in Virtu Financial during the 3rd quarter worth approximately $891,000. Everence Capital Management Inc. purchased a new position in shares of Virtu Financial during the third quarter worth about $207,000. Finally, Raymond James & Associates increased its stake in Virtu Financial by 7.9% in the third quarter. Raymond James & Associates now owns 298,418 shares of the financial services provider’s stock valued at $9,090,000 after acquiring an additional 21,918 shares during the last quarter. 45.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Virtu Financial

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $27.30, for a total value of $147,420.00. Following the sale, the director now owns 24,122 shares in the company, valued at $658,530.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 46.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group increased their target price on shares of Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Morgan Stanley upped their price target 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. Bank of America lowered their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Citigroup upped their price target on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their target price on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.50.

Virtu Financial Price Performance

VIRT traded down $2.03 on Thursday, hitting $30.32. 350,887 shares of the company’s stock traded hands, compared to its average volume of 1,275,103. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.49 and a beta of 0.38. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.22. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $33.55. The company’s 50 day simple moving average is $31.34 and its 200-day simple moving average is $26.37.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.96 annualized dividend and a yield of 3.17%. Virtu Financial’s payout ratio is 48.49%.

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.