Measured Wealth Private Client Group LLC Sells 16,280 Shares of Virtu Financial, Inc. $VIRT

Measured Wealth Private Client Group LLC decreased its position in shares of Virtu Financial, Inc. (NYSE:VIRT) by 79.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,306 shares of the company’s stock after selling 16,280 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Virtu Financial were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Virtu Financial by 1.4% during the third quarter. Vanguard Group Inc. now owns 9,999,628 shares of the company’s stock valued at $354,987,000 after acquiring an additional 142,890 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Virtu Financial by 64.2% during the third quarter. Invesco Ltd. now owns 2,370,400 shares of the company’s stock valued at $84,149,000 after acquiring an additional 926,376 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Virtu Financial by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,785,090 shares of the company’s stock valued at $63,374,000 after acquiring an additional 44,976 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Virtu Financial by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,395,686 shares of the company’s stock valued at $46,514,000 after acquiring an additional 14,113 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Virtu Financial by 53.1% during the third quarter. Qube Research & Technologies Ltd now owns 1,367,583 shares of the company’s stock valued at $48,549,000 after acquiring an additional 474,177 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Wall Street Analysts Forecast Growth

VIRT has been the subject of several recent research reports. The Goldman Sachs Group boosted their price objective on Virtu Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Zacks Research upgraded Virtu Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Piper Sandler boosted their price objective on Virtu Financial from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Morgan Stanley boosted their price objective on Virtu Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Friday, April 10th. Finally, Weiss Ratings upgraded Virtu Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Virtu Financial presently has an average rating of “Moderate Buy” and an average target price of $48.67.

Virtu Financial Stock Down 0.0%

Shares of NYSE:VIRT opened at $50.15 on Monday. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.27 and a beta of 0.61. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.92. Virtu Financial, Inc. has a 12-month low of $31.55 and a 12-month high of $56.48. The business’s 50 day moving average is $48.92 and its 200 day moving average is $41.00.

Virtu Financial (NYSE:VIRT) last announced its earnings results on Wednesday, April 29th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.58. The company had revenue of $786.53 million for the quarter, compared to analysts’ expectations of $613.12 million. Virtu Financial had a return on equity of 51.63% and a net margin of 14.17%.Virtu Financial’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. On average, sell-side analysts forecast that Virtu Financial, Inc. will post 5.53 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 1.9%. Virtu Financial’s payout ratio is presently 15.89%.

Insider Activity

In related news, COO Brett Fairclough sold 30,000 shares of Virtu Financial stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $50.06, for a total transaction of $1,501,800.00. Following the transaction, the chief operating officer owned 42,473 shares of the company’s stock, valued at $2,126,198.38. The trade was a 41.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 46.76% of the stock is currently owned by insiders.

Virtu Financial Profile

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.