Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 56.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,972 shares of the financial services provider’s stock after selling 31,743 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Virtu Financial were worth $761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. USA Financial Formulas bought a new stake in Virtu Financial in the 3rd quarter valued at about $33,000. International Assets Investment Management LLC acquired a new stake in shares of Virtu Financial in the second quarter valued at approximately $39,000. Abich Financial Wealth Management LLC raised its holdings in shares of Virtu Financial by 55.3% during the first quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after buying an additional 781 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Virtu Financial during the second quarter valued at approximately $46,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Virtu Financial by 21.0% during the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock worth $48,000 after buying an additional 372 shares during the period. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Piper Sandler restated an “overweight” rating and issued a $35.00 target price on shares of Virtu Financial in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Bank of America decreased their target price on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Morgan Stanley boosted their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Citigroup upped their price target on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Virtu Financial has a consensus rating of “Hold” and an average price target of $29.50.

Virtu Financial Stock Down 0.8 %

NASDAQ VIRT opened at $34.92 on Friday. Virtu Financial, Inc. has a 12 month low of $16.02 and a 12 month high of $36.98. The company has a market capitalization of $5.40 billion, a P/E ratio of 17.55, a PEG ratio of 0.55 and a beta of 0.38. The company’s 50 day simple moving average is $32.17 and its 200 day simple moving average is $27.73. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $388.00 million during the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. Equities research analysts expect that Virtu Financial, Inc. will post 2.7 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 2.75%. Virtu Financial’s payout ratio is presently 48.24%.

About Virtu Financial

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.