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ST Picks: Celebrating Christmas with strangersAdvisors Asset Management Inc. decreased its position in shares of Virtu Financial, Inc. ( NASDAQ:VIRT – Free Report ) by 45.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,016 shares of the financial services provider’s stock after selling 5,106 shares during the period. Advisors Asset Management Inc.’s holdings in Virtu Financial were worth $183,000 at the end of the most recent quarter. Several other institutional investors have also recently made changes to their positions in VIRT. USA Financial Formulas purchased a new stake in Virtu Financial in the third quarter worth $33,000. International Assets Investment Management LLC purchased a new position in Virtu Financial during the 2nd quarter valued at about $39,000. Abich Financial Wealth Management LLC lifted its position in Virtu Financial by 55.3% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 781 shares during the period. Innealta Capital LLC bought a new stake in Virtu Financial during the second quarter worth about $46,000. Finally, First Horizon Advisors Inc. grew its holdings in Virtu Financial by 21.0% in the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 372 shares during the period. Institutional investors own 45.78% of the company’s stock. Virtu Financial Stock Down 0.1 % VIRT stock opened at $37.31 on Friday. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 0.58 and a beta of 0.38. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50-day moving average is $33.10 and its two-hundred day moving average is $28.64. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $38.45. Virtu Financial Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, November 29th. Virtu Financial’s dividend payout ratio is presently 48.24%. Analysts Set New Price Targets Several research firms have recently issued reports on VIRT. Piper Sandler reiterated an “overweight” rating and set a $35.00 target price on shares of Virtu Financial in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Citigroup increased their target price on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America lowered their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, Morgan Stanley increased their price objective on shares of Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.50. Get Our Latest Stock Report on Virtu Financial Virtu Financial Profile ( Free Report ) 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. Read More Five stocks we like better than Virtu Financial 3 Best Fintech Stocks for a Portfolio Boost The Latest 13F Filings Are In: See Where Big Money Is Flowing Dividend Screener: How to Evaluate Dividend Stocks Before Buying 3 Penny Stocks Ready to Break Out in 2025 Stock Analyst Ratings and Canadian Analyst Ratings FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. ( NASDAQ:VIRT – Free Report ). Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter .
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Democratic Sen. Bob Casey of Pennsylvania conceded his reelection bid to Republican David McCormick on Thursday, as a showed no signs of closing the gap and his campaign suffered . Casey’s concession comes more than two weeks after Election Day, as a grindingly slow ballot-counting process became a spectacle of hours-long election board meetings, social media outrage, lawsuits and accusations that some county officials were openly flouting the law. Republicans claimed that Democrats were trying to steal McCormick’s seat by counting “illegal votes.” Casey’s campaign accused of Republicans of trying to block enough votes to prevent him from pulling ahead and winning. , Casey said he just called McCormick to congratulate him. “As the first count of ballots is completed, Pennsylvanians can move forward with the knowledge that their voices were heard, whether their vote was the first to be counted or the last,” Casey said. During my time in office, I have been guided by an inscription on the Finance Building in Harrisburg: “All public service is a trust, given in faith and accepted in honor.” Thank you for your trust in me for all these years, Pennsylvania. It has been the honor of my lifetime. — Bob Casey Jr. (@Bob_Casey) , concluding that not enough ballots remained to be counted in areas Casey was winning for him to take the lead. As of Thursday, McCormick led by about 16,000 votes out of almost 7 million ballots counted. That was well within the 0.5% margin threshold to trigger an automatic statewide recount under Pennsylvania law. But no election official expected a recount to change more than a couple hundred votes or so, and Pennsylvania’s highest court dealt him a blow when it refused entreaties to allow counties to count mail-in ballots that lacked a correct handwritten date on the return envelope. Republicans will have a 53-47 majority next year in the U.S. Senate.
Choosing when to start receiving Social Security benefits can be a difficult decision to make. That is in part because there is not one "best age" for everyone, yet it's a decision that will affect the amount of money you receive each month for the rest of your life. Factors to consider include whether or not you plan to work (even part-time) once you reach retirement age, sources of income you'll have access to when you retire, and whether or not you have dependents. 🚨 Don’t miss this amazing Black Friday Move! Get 50% off TheStreet Pro. Act now before it’s gone. 😲 The smartest thing you can do is gather information well before you retire, do some basic math, and then make an informed decision based on your unique situation. Related: Social Security payments will be affected soon by a COLA change Your "full retirement age" — as the Social Security Administration calls it — depends on the year you were born. The full retirement age was 65 for many years, but the age has gradually risen. Currently, people who were born in 1960 or later qualify for full retirement benefits when they turn 67 . Still, some people choose to receive Social Security payments starting at age 62, during the first year of eligibility. Starting earlier, however, means you'll bring home less money each month. It might be better to delay receiving Social Security payments There's a simple reason to do some basic math when it comes to making the decision about when to receive your Social Security benefits. Let's say you will turn 62 in 2025. If you choose to start receiving benefits at 62, your monthly benefit will be 30% lower than it would be if you waited until age 67. So, if your maximum benefit will be $2,000 a month when you reach age 67, you'll get just $1,400 if you start receiving Social Security at age 62. If you choose to wait until age 70, your monthly benefit goes up to $2,480 a month — a substantial difference. More on retirement: For each month past the age of 62 you delay receiving your benefit the amount you receive goes up slightly and the increases are permanent. For help with the math, sign into your personal " My Social Security " account — it's a tool that lets you estimate your future benefits. Even if you delay Social Security, don't forget to sign up for Medicare No matter what age you decide to access your Social Security benefits, there is another important consideration that's a fundamental part of retirement planning: Medicare. Medicare is the health insurance program for Americans aged 65 or older. There are three enrollment periods to know about. The first one is when you turn 65, which is the "Initial Enrollment Period." Related: Dave Ramsey sounds alarm on Social Security for retired Americans The second is for people older than 65 but still covered by an employer health plan; this called the "Special Enrollment Period." Finally, there is a "General Enrollment Period" for people who miss the other two enrollment options. It is essential not to allow yourself to fall into this third bucket because you will face a life-long penalty of 10% of the cost of your premium. In 2024, the monthly penalty is around $37 a month (for the rest of your life). Even if you plan to hold out until age 67 to start receiving your Social Security, don't forget to sign up for Medicare three months before you turn 65. The average American's Social Security benefit is lower than you might think According to the Social Security Administration, the average American receives around $1,783 a month from Social Security. Social Security payments are based on your lifetime earnings. In other words, the more income you earn, the higher your monthly Social Security payments will be. However, there is a limit. In 2024, the maximum Social Security benefit for people who retire at age 67 is $3,822 per month; people who wait to receive benefits until age 70 receive $4,873 a month. The time to start planning is now because retirement just might last longer than you think. Related: Veteran fund manager sees world of pain coming for stocks
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I believe putting money in a Stocks and Shares ISA to invest in great businesses over the long term can potentially help to build wealth. That is why I do it. Along the way, though, here are a handful of common ISA mistakes I aim to avoid. 1. Spending too much on fees and commissions The first is an obvious one but still potentially a costly error. Fees and commissions can eat into the value of a Stocks and Shares ISA – over the long term, perhaps badly. So I take time on an ongoing basis to check whether I am using the that best suits my own needs. 2. Trading not investing I mentioned the long term above. That is because I do not aim to trade by buying and selling shares frequently (likely racking up commissions each time). Rather, I aim to buy what I think are great companies I would like to hold for a while. 3. Not spreading my investments enough Why did sell a lot of his ( ) stake recently? Whatever the reason, one benefit is improved diversification. It is easy to fall in love with an investment idea. It can also happen that a great idea leads to a soaring share price, so the role of one share in a portfolio balloons over time – exactly what happened with Buffett’s Apple stake. Either way, not staying diversified can be a costly mistake. With an annual of £20k, I think it is simple to keep diversified. 4. Buying the business case, not the share At its current price, I think Apple also illustrates another potentially costly investing mistake. Is Apple a great business? I think it is. The market for the sorts of products and services it sells is huge and I think it could grow over time. Within that market, Apple has a unique position that can help it make massive profits, as it has done consistently in recent years. From its brand to patents and customer base to distribution network, Apple has a strong “ “, as Buffett calls a company’s competitive advantage. But, is Apple a great share for me to buy today? I do not think so. In a nutshell, I think its price-to-earnings ratio of 39 means it is overvalued. As an investor, like Buffett, I am not only seeking to buy into great businesses. I also want to buy such shares at . 5. Not reviewing developments along the way But if doing too much can be a mistake, so can doing too little. Again, I think Buffett’s move on Apple is instructive here. He is not a trader, having held some of the shares he owns for decades. But equally, he does not have his head in the sand. A great investment idea can become less attractive because of changes in the company’s outlook, its share valuation, or both. So, although I do not keep tinkering with my Stocks and Shares ISA, that does not mean that I buy shares then ignore them for decades.
