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

Measured Wealth Private Client Group LLC cut its position in Virtu Financial, Inc. (NYSE:VIRT) by 79.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in shares of Virtu Financial by 114,887.0% during the third quarter. Cornerstone Planning Group LLC now owns 26,447 shares of the company’s stock worth $939,000 after acquiring an additional 26,424 shares during the last quarter. Clark Capital Management Group Inc. raised its position in shares of Virtu Financial by 32.2% during the third quarter. Clark Capital Management Group Inc. now owns 275,978 shares of the company’s stock worth $9,797,000 after acquiring an additional 67,230 shares during the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of Virtu Financial by 240.5% during the third quarter. Elo Mutual Pension Insurance Co now owns 63,836 shares of the company’s stock worth $2,266,000 after acquiring an additional 45,087 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Virtu Financial by 128.7% during the third quarter. JPMorgan Chase & Co. now owns 431,145 shares of the company’s stock worth $15,306,000 after acquiring an additional 242,611 shares during the last quarter. Finally, Prana Capital Management LP raised its position in shares of Virtu Financial by 323.6% during the third quarter. Prana Capital Management LP now owns 80,970 shares of the company’s stock worth $2,874,000 after acquiring an additional 61,854 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Virtu Financial Trading Down 0.0%

Shares of VIRT stock opened at $50.15 on Monday. The company has a market cap of $7.78 billion, a P/E ratio of 8.30, a PEG ratio of 1.27 and a beta of 0.61. The stock has a 50 day simple moving average of $48.92 and a two-hundred day simple moving average of $41.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.48 and a current ratio of 0.48. Virtu Financial, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $56.48.

Virtu Financial (NYSE:VIRT) last issued its earnings results on Wednesday, April 29th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.58. The business had revenue of $786.53 million during the quarter, compared to the consensus estimate of $613.12 million. Virtu Financial had a return on equity of 51.63% and a net margin of 14.17%.The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 earnings per share. Research analysts forecast that Virtu Financial, Inc. will post 5.53 earnings per share for the current year.

Virtu Financial Announces Dividend

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

Insiders Place Their Bets

In other Virtu Financial 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 value of $1,501,800.00. Following the completion of the sale, the chief operating officer directly owned 42,473 shares in the company, valued at approximately $2,126,198.38. The trade was a 41.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 46.76% of the company’s stock.

Virtu Financial Company 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.