Jackson Hole Capital Partners LLC Makes New Investment in Virtu Financial, Inc. $VIRT

Jackson Hole Capital Partners LLC bought a new position in Virtu Financial, Inc. (NASDAQ:VIRT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,385 shares of the financial services provider’s stock, valued at approximately $546,000.

Several other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of Virtu Financial by 66.7% in the second quarter. Janney Montgomery Scott LLC now owns 66,893 shares of the financial services provider’s stock worth $2,996,000 after acquiring an additional 26,756 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Virtu Financial in the 2nd quarter worth about $417,000. Pullen Investment Management LLC raised its stake in shares of Virtu Financial by 842.9% during the 3rd quarter. Pullen Investment Management LLC now owns 61,154 shares of the financial services provider’s stock worth $2,171,000 after purchasing an additional 54,668 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Virtu Financial by 23.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,183,268 shares of the financial services provider’s stock valued at $40,373,000 after buying an additional 222,862 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Virtu Financial by 1.2% during the 2nd quarter. Franklin Resources Inc. now owns 229,352 shares of the financial services provider’s stock valued at $10,273,000 after buying an additional 2,634 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley restated an “underweight” rating and issued a $35.00 price objective on shares of Virtu Financial in a report on Monday, December 22nd. Piper Sandler increased their price target on shares of Virtu Financial from $51.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group decreased their price objective on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Virtu Financial has a consensus rating of “Hold” and an average target price of $42.57.

Virtu Financial Price Performance

NASDAQ VIRT opened at $35.85 on Friday. Virtu Financial, Inc. has a 1 year low of $31.55 and a 1 year high of $45.77. The company has a fifty day simple moving average of $34.35 and a 200 day simple moving average of $37.42. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a market cap of $5.48 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.14 and a beta of 0.58.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The firm had revenue of $467.02 million for the quarter, compared to the consensus estimate of $422.92 million. During the same quarter last year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.24 per share. The ex-dividend date was Monday, December 1st. This represents a $0.96 annualized dividend and a yield of 2.7%. Virtu Financial’s dividend payout ratio is presently 20.78%.

About Virtu Financial

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.