Virtu Financial, Inc. (NASDAQ:VIRT) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 319,763 shares of the financial services provider's stock after buying an additional 14,975 shares during the period. Sei Investments Co. owned about 0.21% of Virtu Financial worth $11,409,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VIRT. Harvest Fund Management Co. Ltd grew its holdings in Virtu Financial by 533.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 73,003 shares of the financial services provider's stock worth $2,584,000 after acquiring an additional 61,477 shares in the last quarter. GLOBALT Investments LLC GA acquired a new stake in shares of Virtu Financial during the 4th quarter worth about $3,416,000. Natixis Advisors LLC purchased a new stake in Virtu Financial during the fourth quarter worth approximately $401,000. Commonwealth Equity Services LLC acquired a new position in Virtu Financial in the fourth quarter valued at approximately $344,000. Finally, Great Lakes Advisors LLC increased its stake in Virtu Financial by 8.2% in the fourth quarter. Great Lakes Advisors LLC now owns 11,130 shares of the financial services provider's stock valued at $397,000 after purchasing an additional 844 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Price Performance

Shares of NASDAQ VIRT traded down $1.90 during trading on Thursday, reaching $37.40. The company had a trading volume of 1,101,588 shares, compared to its average volume of 1,166,460. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $5.79 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71. Virtu Financial, Inc. has a twelve month low of $20.15 and a twelve month high of $41.38. The stock has a 50-day moving average price of $37.50 and a two-hundred day moving average price of $35.52.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, February 28th. Virtu Financial's payout ratio is currently 32.32%.

Insider Transactions at Virtu Financial

In related news, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $36.88, for a total transaction of $1,253,920.00. Following the transaction, the executive vice president now directly owns 191,703 shares of the company's stock, valued at approximately $7,070,006.64. The trade was a 15.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction 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. This trade represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,967 shares of company stock worth $5,213,964 in the last three months. 46.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VIRT has been the topic of several research analyst reports. Bank of America cut their price target on Virtu Financial from $56.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday. Morgan Stanley increased their target price 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. Finally, Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Five research 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, the company presently has an average rating of "Hold" and a consensus price target of $33.21.

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.