C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in Virtu Financial, Inc. (NASDAQ:VIRT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Virtu Financial, Inc. (NASDAQ:VIRT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 103,531 shares of the financial services provider’s stock, valued at approximately $3,694,000.

Several other hedge funds have also added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in Virtu Financial by 13.0% in the fourth quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 322 shares during the last quarter. Hanseatic Management Services Inc. increased its stake in shares of Virtu Financial by 1.2% in the fourth quarter. Hanseatic Management Services Inc. now owns 30,132 shares of the financial services provider’s stock worth $1,075,000 after buying an additional 371 shares during the period. HBW Advisory Services LLC increased its stake in shares of Virtu Financial by 6.8% in the fourth quarter. HBW Advisory Services LLC now owns 7,974 shares of the financial services provider’s stock worth $285,000 after buying an additional 509 shares during the period. R Squared Ltd bought a new stake in Virtu Financial during the 4th quarter valued at $25,000. Finally, Atria Investments Inc boosted its position in Virtu Financial by 7.2% during the 3rd quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider’s stock valued at $327,000 after buying an additional 717 shares during the period. 45.78% of the stock is owned by institutional investors.

Virtu Financial Stock Down 2.0 %

Shares of Virtu Financial stock opened at $36.82 on Thursday. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. Virtu Financial, Inc. has a twelve month low of $16.41 and a twelve month high of $41.38. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.61 and a beta of 0.46. The company’s 50 day moving average is $37.07 and its 200 day moving average is $33.76.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. Research analysts anticipate that Virtu Financial, Inc. will post 3.01 EPS for the current year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s payout ratio is currently 32.32%.

Analysts Set New Price Targets

A number of research firms have issued reports on VIRT. Morgan Stanley boosted their price objective on shares of Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.36.

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.