Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,978 shares of the financial services provider’s stock after selling 3,128 shares during the quarter. Wellington Management Group LLP’s holdings in Virtu Financial were worth $1,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in Virtu Financial in the 2nd quarter valued at about $25,000. Tower Research Capital LLC TRC lifted its holdings in shares of Virtu Financial by 123.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 883 shares during the last quarter. Quarry LP lifted its holdings in shares of Virtu Financial by 236.4% in the 2nd quarter. Quarry LP now owns 1,581 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,111 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Virtu Financial by 8,400.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,700 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Virtu Financial by 42.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,176 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 950 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Trading Up 1.2 %

Shares of NASDAQ:VIRT opened at $20.52 on Friday. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $21.03. The company’s 50 day moving average is $18.09 and its two-hundred day moving average is $18.35. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.23. The company has a market cap of $3.24 billion, a PE ratio of 14.66, a P/E/G ratio of 5.75 and a beta of 0.38.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Virtu Financial had a net margin of 6.22% and a return on equity of 16.94%. The firm had revenue of $535.98 million during the quarter, compared to analysts’ expectations of $272.96 million. During the same period in the prior year, the company posted $0.32 earnings per share. Equities analysts predict that Virtu Financial, Inc. will post 1.79 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 4.68%. Virtu Financial’s dividend payout ratio is presently 68.57%.

Insider Activity

In related news, CEO Douglas A. Cifu purchased 50,000 shares of Virtu Financial stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $16.21 per share, with a total value of $810,500.00. Following the completion of the transaction, the chief executive officer now directly owns 584,132 shares in the company, valued at $9,468,779.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 44.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Friday, January 26th. UBS Group decreased their price objective on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Citigroup upped their target price on shares of Virtu Financial from $21.00 to $22.50 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $21.00 target price on shares of Virtu Financial in a research note on Friday, March 22nd. Finally, Morgan Stanley cut their target price on shares of Virtu Financial from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Virtu Financial currently has a consensus rating of “Hold” and a consensus target price of $19.92.

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.