Virtu Financial, Inc. (NASDAQ:VIRT) Stock Holdings Trimmed by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV cut its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 92.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,756 shares of the financial services provider's stock after selling 32,524 shares during the quarter. Creative Financial Designs Inc. ADV's holdings in Virtu Financial were worth $98,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Virtu Financial by 38.0% during the 3rd quarter. FMR LLC now owns 4,974,095 shares of the financial services provider's stock worth $151,511,000 after purchasing an additional 1,368,419 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in Virtu Financial during the 3rd quarter valued at $11,918,000. Raymond James Financial Inc. purchased a new position in Virtu Financial during the fourth quarter worth $12,196,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Virtu Financial by 400.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider's stock worth $10,008,000 after acquiring an additional 262,835 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Virtu Financial by 28.3% in 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 acquiring an additional 183,823 shares in the last quarter. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

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

Virtu Financial Trading Up 2.4 %

VIRT traded up $0.94 on Tuesday, reaching $39.82. 781,610 shares of the company's stock were exchanged, compared to its average volume of 968,179. The company's 50 day moving average is $37.27 and its 200-day moving average is $35.18. Virtu Financial, Inc. has a twelve month low of $20.13 and a twelve month high of $41.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.43 and a beta of 0.57.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. Equities analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.41%. Virtu Financial's dividend payout ratio is currently 32.32%.

Analyst Upgrades and Downgrades

VIRT has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Virtu Financial from $31.00 to $33.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Piper Sandler boosted 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.