Creative Financial Designs Inc. ADV Purchases 32,524 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Creative Financial Designs Inc. ADV raised its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 1,180.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,280 shares of the financial services provider's stock after buying an additional 32,524 shares during the quarter. Creative Financial Designs Inc. ADV's holdings in Virtu Financial were worth $1,075,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Virtu Financial by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 745,437 shares of the financial services provider's stock valued at $15,296,000 after purchasing an additional 9,826 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Virtu Financial in the first quarter valued at approximately $616,000. Private Advisor Group LLC acquired a new stake in shares of Virtu Financial in the first quarter valued at approximately $358,000. Diversify Advisory Services LLC acquired a new stake in shares of Virtu Financial in the first quarter valued at approximately $957,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Virtu Financial by 1.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 799,623 shares of the financial services provider's stock valued at $16,408,000 after purchasing an additional 7,721 shares during the last quarter. Institutional investors own 45.78% of the company's stock.

Analyst Upgrades and Downgrades

VIRT has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Piper Sandler restated an "overweight" rating and set a $35.00 target price on shares of Virtu Financial in a report on Thursday, October 24th. Bank of America lowered their target price on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group boosted their target price on shares of Virtu Financial from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Monday, September 30th. Finally, Morgan Stanley boosted their target price on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $29.50.

Insider Buying and Selling at Virtu Financial

In other news, Director Virginia Gambale sold 5,400 shares of the business's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $27.30, for a total value of $147,420.00. Following the completion of the sale, the director now owns 24,122 shares of the company's stock, valued at approximately $658,530.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 46.70% of the company's stock.

Virtu Financial Stock Performance

Shares of NASDAQ:VIRT traded up $0.60 on Friday, hitting $31.56. The company had a trading volume of 1,125,047 shares, compared to its average volume of 967,104. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $33.55. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 0.49 and a beta of 0.38. The stock has a 50 day moving average price of $31.54 and a 200 day moving average price of $26.84. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The firm had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. During the same period in the previous year, the company earned $0.40 earnings per share. The company's quarterly revenue was up 30.2% on a year-over-year basis. Analysts expect that Virtu Financial, Inc. will post 2.7 EPS for the current year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a $0.24 dividend. The ex-dividend date is Sunday, December 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.04%. Virtu Financial's dividend payout ratio is currently 48.24%.

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.