Moody Aldrich Partners LLC Sells 95,005 Shares of Virtu Financial, Inc. $VIRT

by · The Markets Daily

Moody Aldrich Partners LLC trimmed its position in Virtu Financial, Inc. (NASDAQ:VIRT – Free Report) by 47.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 103,621 shares of the financial services provider’s stock after selling 95,005 shares during the period. Moody Aldrich Partners LLC owned about 0.07% of Virtu Financial worth $3,679,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in VIRT. Bessemer Group Inc. boosted its holdings in Virtu Financial by 96.0% in the second quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 285 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Virtu Financial by 103.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 387 shares during the period. Jones Financial Companies Lllp lifted its position in Virtu Financial by 1,624.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 942 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Virtu Financial by 410.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,297 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,043 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in shares of Virtu Financial by 89.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,368 shares of the financial services provider’s stock worth $61,000 after buying an additional 647 shares during the period. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Price Performance

Shares of VIRT stock opened at $33.36 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial, Inc. has a 12-month low of $31.89 and a 12-month high of $45.77. The firm has a fifty day moving average of $34.51 and a 200-day moving average of $38.08. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59.

Virtu Financial (NASDAQ:VIRT – Get Free Report) last posted its earnings results on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $274.00 million during the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. On average, equities research analysts forecast that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, December 1st. Virtu Financial’s dividend payout ratio (DPR) is 20.78%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, October 28th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $35.00 price objective on shares of Virtu Financial in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.71.

Check Out Our Latest Report on VIRT

Virtu Financial Company Profile

(Free Report)

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.

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