Virtu Financial, Inc. (NASDAQ:VIRT) Shares Purchased by Seizert Capital Partners LLC

Seizert Capital Partners LLC raised its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 109.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,192 shares of the financial services provider's stock after purchasing an additional 80,132 shares during the period. Seizert Capital Partners LLC owned 0.10% of Virtu Financial worth $5,466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIRT. Wealth Enhancement Advisory Services LLC boosted its stake in Virtu Financial by 31.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,189 shares of the financial services provider's stock worth $402,000 after purchasing an additional 3,120 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Virtu Financial by 25.2% during the third quarter. New York State Teachers Retirement System now owns 34,219 shares of the financial services provider's stock worth $1,042,000 after buying an additional 6,893 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Virtu Financial by 26.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 48,592 shares of the financial services provider's stock valued at $1,480,000 after acquiring an additional 10,074 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Virtu Financial by 107.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 34,214 shares of the financial services provider's stock valued at $1,042,000 after acquiring an additional 17,696 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Virtu Financial by 3.0% during the 3rd quarter. QRG Capital Management Inc. now owns 25,167 shares of the financial services provider's stock valued at $767,000 after acquiring an additional 728 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $2,688,104.28. Following the sale, the chief operating officer now directly owns 90,749 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the completion of the sale, the executive vice president now owns 157,703 shares of the company's stock, valued at approximately $5,899,669.23. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,967 shares of company stock valued at $5,213,964. Insiders own 46.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VIRT. Morgan Stanley boosted their target price on Virtu Financial from $31.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Piper Sandler upped their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the stock 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 issued a buy rating to the company. Based on data from MarketBeat, Virtu Financial has a consensus rating of "Hold" and an average target price of $31.36.

Virtu Financial Price Performance

NASDAQ:VIRT traded up $0.30 during mid-day trading on Thursday, hitting $36.57. 1,329,506 shares of the company's stock traded hands, compared to its average volume of 992,971. 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, Inc. has a 1 year low of $18.72 and a 1 year high of $41.38. The company has a market cap of $5.66 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.43 and a beta of 0.46. The firm's 50 day simple moving average is $37.18 and its 200 day simple moving average is $34.61.

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

Virtu Financial Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.63%. Virtu Financial's dividend payout ratio (DPR) is presently 32.32%.

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.