Diversify Advisory Services LLC Sells 3,343 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Diversify Advisory Services LLC trimmed its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 35.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,131 shares of the financial services provider’s stock after selling 3,343 shares during the quarter. Diversify Advisory Services LLC’s holdings in Virtu Financial were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hanseatic Management Services Inc. boosted its position in Virtu Financial by 1.2% in the 4th quarter. Hanseatic Management Services Inc. now owns 30,132 shares of the financial services provider’s stock valued at $1,075,000 after buying an additional 371 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in Virtu Financial by 22.2% during the second quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock worth $60,000 after buying an additional 487 shares during the last quarter. HBW Advisory Services LLC grew its holdings in Virtu Financial by 6.8% during the fourth quarter. HBW Advisory Services LLC now owns 7,974 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 509 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Virtu Financial by 3.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 19,421 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 587 shares during the period. Finally, Atria Investments Inc boosted its position in shares of Virtu Financial by 7.2% during the third quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 717 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on VIRT shares. Bank of America dropped their price objective 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. The Goldman Sachs Group boosted their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Citigroup lifted their price target on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Piper Sandler raised their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley increased their target price on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.21.

Virtu Financial Price Performance

NASDAQ:VIRT opened at $38.60 on Friday. Virtu Financial, Inc. has a 52-week low of $16.02 and a 52-week high of $38.80. The company has a market cap of $5.97 billion, a P/E ratio of 19.40, a P/E/G ratio of 0.48 and a beta of 0.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The stock’s 50-day simple moving average is $36.46 and its 200 day simple moving average is $32.36.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm had revenue of $388.00 million for the quarter, compared to analyst estimates of $379.18 million. During the same quarter in the previous year, the firm earned $0.40 EPS. The business’s quarterly revenue was up 30.2% on a year-over-year basis. As a group, sell-side analysts forecast that Virtu Financial, Inc. will post 2.9 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is currently 48.24%.

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.