Virtu Financial, Inc. (NASDAQ:VIRT) Holdings Reduced by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,728 shares of the financial services provider's stock after selling 115,235 shares during the quarter. Stephens Investment Management Group LLC owned 0.29% of Virtu Financial worth $16,082,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Virtu Financial by 38.0% in the 3rd quarter. FMR LLC now owns 4,974,095 shares of the financial services provider's stock worth $151,511,000 after buying an additional 1,368,419 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Virtu Financial in the 3rd quarter worth about $29,815,000. Portolan Capital Management LLC bought a new stake in shares of Virtu Financial in the 3rd quarter worth about $11,918,000. JPMorgan Chase & Co. increased its position in shares of Virtu Financial by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider's stock worth $10,907,000 after purchasing an additional 117,062 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Virtu Financial by 400.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider's stock worth $10,008,000 after purchasing an additional 262,835 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Virtu Financial Stock Performance

Shares of NASDAQ:VIRT traded up $0.02 during trading on Thursday, reaching $36.84. 820,174 shares of the company's stock traded hands, compared to its average volume of 933,192. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. Virtu Financial, Inc. has a 12 month low of $16.62 and a 12 month high of $41.38. The company has a 50 day moving average of $37.07 and a 200-day moving average of $33.79. The stock has a market capitalization of $5.70 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 1.61 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share 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%. On average, equities analysts expect that Virtu Financial, Inc. will post 3.01 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, February 28th. Virtu Financial's dividend payout ratio (DPR) is 32.32%.

Analysts Set New Price Targets

VIRT has been the subject of several research analyst reports. Piper Sandler boosted their target price 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. Morgan Stanley boosted 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 report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Virtu Financial currently has a consensus rating of "Hold" and a consensus target price 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.