C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Position in Virtu Financial, Inc. (NASDAQ:VIRT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 about 0.07% of Virtu Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in VIRT. R Squared Ltd purchased a new position in Virtu Financial during the fourth quarter valued at $25,000. Albion Financial Group UT purchased a new position in shares of Virtu Financial during the 4th quarter valued at about $45,000. GAMMA Investing LLC lifted its position in shares of Virtu Financial by 149.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider's stock valued at $73,000 after buying an additional 1,442 shares in the last quarter. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 322 shares during the period. Finally, KBC Group NV raised its position in shares of Virtu Financial by 42.9% during the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 860 shares during the period. 45.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Virtu Financial

In other news, COO Brett Fairclough sold 72,967 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total value of $2,688,104.28. Following the sale, the chief operating officer now directly owns 90,749 shares in the company, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 46.70% of the company's stock.

Virtu Financial Trading Down 0.2 %

VIRT traded down $0.07 during trading on Friday, hitting $36.77. 553,309 shares of the stock were exchanged, compared to its average volume of 825,194. Virtu Financial, Inc. has a 1 year low of $16.62 and a 1 year high of $41.38. The firm has a 50 day simple moving average of $37.08 and a 200 day simple moving average of $33.89. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.61 and a beta of 0.46. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that Virtu Financial, Inc. will post 3.01 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.61%. Virtu Financial's dividend payout ratio is currently 32.32%.

Analyst Ratings Changes

Several research firms have recently issued reports on VIRT. Piper Sandler lifted their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Morgan Stanley lifted their price objective on shares of Virtu Financial from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Virtu Financial presently has a consensus rating of "Hold" and a consensus target price 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.