Virtu Financial, Inc. (NASDAQ:VIRT) Position Raised by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC raised its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 310,751 shares of the financial services provider’s stock after purchasing an additional 55,102 shares during the quarter. Virtu Financial makes up approximately 2.1% of Moody Aldrich Partners LLC’s portfolio, making the stock its 2nd largest holding. Moody Aldrich Partners LLC owned 0.20% of Virtu Financial worth $11,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. USA Financial Formulas bought a new position in Virtu Financial during the third quarter valued at approximately $33,000. Albion Financial Group UT purchased a new position in Virtu Financial during the fourth quarter valued at $45,000. GAMMA Investing LLC raised its position in shares of Virtu Financial by 149.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,442 shares during the last quarter. Blue Trust Inc. raised its position in shares of Virtu Financial by 13.0% in the 4th quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 322 shares during the last quarter. Finally, KBC Group NV lifted its stake in Virtu Financial by 42.9% during the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 860 shares during the period. 45.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VIRT shares. Morgan Stanley increased their target price on shares of 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 Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note 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, Piper Sandler raised their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.21.

Virtu Financial Stock Performance

VIRT opened at $38.93 on Wednesday. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 19.56, 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 current ratio of 0.47 and a quick ratio of 0.47. The business has a 50 day moving average price of $36.64 and a two-hundred day moving average price of $32.86. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $39.60.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

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.