Congress Asset Management Co. Has $13.14 Million Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Congress Asset Management Co. increased its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,191 shares of the financial services provider's stock after acquiring an additional 33,730 shares during the period. Congress Asset Management Co. owned approximately 0.24% of Virtu Financial worth $13,137,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System lifted its position in Virtu Financial by 7.7% in the fourth quarter. New York State Teachers Retirement System now owns 36,843 shares of the financial services provider's stock worth $1,315,000 after purchasing an additional 2,624 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Virtu Financial in the fourth quarter valued at $3,694,000. Allspring Global Investments Holdings LLC boosted its stake in Virtu Financial by 28.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 834,418 shares of the financial services provider's stock valued at $30,027,000 after buying an additional 183,823 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Virtu Financial during the fourth quarter worth about $553,000. Finally, Precision Wealth Strategies LLC bought a new stake in Virtu Financial in the fourth quarter worth about $612,000. Institutional investors and hedge funds own 45.78% of the company's stock.

Wall Street Analyst Weigh In

VIRT has been the subject of several research reports. Piper Sandler raised 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 target on shares of Virtu Financial from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $31.36.

Insider Buying and Selling

In related news, COO Brett Fairclough sold 72,967 shares of the firm's stock in a transaction that occurred on 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 directly owns 90,749 shares in the company, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $36.88, for a total transaction of $1,253,920.00. Following the completion of the transaction, the executive vice president now owns 191,703 shares in the company, valued at approximately $7,070,006.64. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,967 shares of company stock valued at $5,213,964. Corporate insiders own 46.70% of the company's stock.

Virtu Financial Trading Down 3.2 %

Shares of Virtu Financial stock traded down $1.22 during trading on Thursday, hitting $37.05. The stock had a trading volume of 1,062,327 shares, compared to its average volume of 955,677. Virtu Financial, Inc. has a 1 year low of $16.62 and a 1 year high of $41.38. The stock has a 50 day simple moving average of $37.17 and a 200 day simple moving average of $34.10. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $5.73 billion, a PE ratio of 12.47, a P/E/G ratio of 1.45 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 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%. On average, research analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, February 28th. Virtu Financial's payout ratio is 32.32%.

Virtu Financial Company 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.