Cwm LLC Has $43,000 Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Cwm LLC grew its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 112.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,131 shares of the financial services provider’s stock after buying an additional 1,127 shares during the quarter. Cwm LLC’s holdings in Virtu Financial were worth $43,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Raymond James & Associates grew its position in Virtu Financial by 21.2% in the third quarter. Raymond James & Associates now owns 221,769 shares of the financial services provider’s stock valued at $3,830,000 after purchasing an additional 38,862 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Virtu Financial by 100.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,857 shares of the financial services provider’s stock valued at $4,350,000 after acquiring an additional 126,185 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Virtu Financial by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 817,059 shares of the financial services provider’s stock worth $14,111,000 after acquiring an additional 13,443 shares in the last quarter. Peregrine Asset Advisers Inc. acquired a new position in Virtu Financial during the third quarter valued at approximately $650,000. Finally, Teacher Retirement System of Texas grew its stake in Virtu Financial by 11.5% in the third quarter. Teacher Retirement System of Texas now owns 77,151 shares of the financial services provider’s stock valued at $1,332,000 after purchasing an additional 7,956 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Price Performance

Shares of VIRT opened at $22.65 on Friday. The business’s fifty day moving average is $20.59 and its 200 day moving average is $19.13. Virtu Financial, Inc. has a 12-month low of $16.02 and a 12-month high of $22.92. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.21. The stock has a market cap of $3.56 billion, a P/E ratio of 15.84, a P/E/G ratio of 0.51 and a beta of 0.38.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Friday, May 31st. Virtu Financial’s dividend payout ratio (DPR) is presently 67.13%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VIRT. StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Morgan Stanley upped their target price on shares of Virtu Financial from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price target on Virtu Financial from $20.00 to $21.50 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Piper Sandler raised their price objective on Virtu Financial from $21.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, UBS Group decreased their target price on Virtu Financial from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.24.

Virtu Financial Company 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.