71,012 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Acquired by AGF Management Ltd.

AGF Management Ltd. purchased a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 71,012 shares of the financial services provider's stock, valued at approximately $2,534,000.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Virtu Financial by 13.0% during the 4th quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 322 shares during the period. Hanseatic Management Services Inc. increased its position in shares of Virtu Financial by 1.2% during the fourth quarter. Hanseatic Management Services Inc. now owns 30,132 shares of the financial services provider's stock valued at $1,075,000 after buying an additional 371 shares during the period. HBW Advisory Services LLC increased its position in shares of Virtu Financial by 6.8% during the fourth quarter. HBW Advisory Services LLC now owns 7,974 shares of the financial services provider's stock valued at $285,000 after buying an additional 509 shares during the period. Smartleaf Asset Management LLC raised its stake in Virtu Financial by 172.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after buying an additional 551 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Virtu Financial in the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 45.78% of the company's stock.

Insider Activity

In other news, COO Brett Fairclough sold 72,967 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the completion of the sale, the chief operating officer now owns 90,749 shares of the company's stock, valued at $3,343,193.16. This represents a 44.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the completion of the transaction, the executive vice president now owns 157,703 shares in the company, valued at $5,899,669.23. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,967 shares of company stock valued at $5,213,964 over the last ninety days. 46.70% of the stock is currently owned by corporate insiders.

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Virtu Financial Stock Up 1.0 %

Virtu Financial stock traded up $0.37 during mid-day trading on Monday, hitting $36.08. The company had a trading volume of 786,815 shares, compared to its average volume of 989,182. Virtu Financial, Inc. has a 12 month low of $19.06 and a 12 month high of $41.38. The company has a market capitalization of $5.59 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The stock's 50 day moving average price is $37.10 and its two-hundred day moving average price is $34.91. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. As a group, sell-side analysts anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial's payout ratio is currently 32.32%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley upped their target price on Virtu Financial from $31.00 to $33.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Piper Sandler upped their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.36.

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.