C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 103,531 Virtu Financial, Inc. (NASDAQ:VIRT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 103,531 shares of the financial services provider's stock, valued at approximately $3,694,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.07% of Virtu Financial at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of Virtu Financial during the 4th quarter valued at about $28,000. Truist Financial Corp raised its holdings in shares of Virtu Financial by 14.9% during the 4th quarter. Truist Financial Corp now owns 27,756 shares of the financial services provider's stock valued at $990,000 after buying an additional 3,598 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Virtu Financial by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider's stock valued at $13,970,000 after buying an additional 5,371 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Virtu Financial by 439.0% during the 4th quarter. Principal Securities Inc. now owns 2,361 shares of the financial services provider's stock valued at $84,000 after buying an additional 1,923 shares in the last quarter. Finally, Congress Asset Management Co. grew its position in Virtu Financial by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 368,191 shares of the financial services provider's stock worth $13,137,000 after acquiring an additional 33,730 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Trading Down 4.5 %

Shares of VIRT stock traded down $1.66 during trading hours on Friday, reaching $35.39. The company's stock had a trading volume of 1,184,443 shares, compared to its average volume of 962,419. The stock has a market capitalization of $5.47 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.47 and a beta of 0.46. Virtu Financial, Inc. has a one year low of $16.62 and a one year high of $41.38. The firm's fifty day simple moving average is $37.15 and its 200 day simple moving average is $34.18. 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 issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. Equities research analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.24 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.71%. Virtu Financial's dividend payout ratio is currently 32.32%.

Insider Transactions at Virtu Financial

In related news, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the sale, the chief operating officer now directly owns 90,749 shares in the company, valued at $3,343,193.16. The trade was a 44.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Cavoli sold 34,000 shares of Virtu Financial stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $36.88, for a total value of $1,253,920.00. Following the sale, the executive vice president now owns 191,703 shares in the company, valued at $7,070,006.64. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,967 shares of company stock worth $5,213,964. 46.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Virtu Financial from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Piper Sandler raised their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $31.36.

Virtu Financial 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.