Susquehanna Fundamental Investments LLC Takes Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 293,477 shares of the financial services provider's stock, valued at approximately $10,471,000. Susquehanna Fundamental Investments LLC owned 0.19% of Virtu Financial at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VIRT. Principal Financial Group Inc. increased its position in shares of Virtu Financial by 1.4% during the fourth quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider's stock worth $13,970,000 after acquiring an additional 5,371 shares during the last quarter. Barclays PLC increased its holdings in Virtu Financial by 60.2% during the 3rd quarter. Barclays PLC now owns 55,486 shares of the financial services provider's stock worth $1,691,000 after purchasing an additional 20,843 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Virtu Financial by 48.6% during 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. Wellington Management Group LLP acquired a new position in shares of Virtu Financial in the 4th quarter valued at approximately $954,000. Finally, Moody Aldrich Partners LLC boosted its stake in shares of Virtu Financial by 21.6% during the 4th quarter. Moody Aldrich Partners LLC now owns 310,751 shares of the financial services provider's stock valued at $11,088,000 after buying an additional 55,102 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Insiders Place Their Bets

In other news, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the completion of the transaction, the executive vice president now directly owns 157,703 shares in the company, valued at approximately $5,899,669.23. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Brett Fairclough sold 72,967 shares of the stock in a transaction that occurred on 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 directly owns 90,749 shares of the company's stock, valued at $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,967 shares of company stock worth $5,213,964. Insiders own 46.70% of the company's stock.

Virtu Financial Stock Down 0.5 %

NASDAQ:VIRT opened at $38.36 on Friday. 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 50 day moving average of $36.83 and a 200-day moving average of $36.19. The firm has a market capitalization of $5.94 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71. Virtu Financial, Inc. has a 52 week low of $21.38 and a 52 week high of $41.38.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted 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 return on equity of 27.39% and a net margin of 9.61%. Analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, May 30th. Virtu Financial's payout ratio is 32.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday. Bank of America reduced their price target on shares of Virtu Financial from $56.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler boosted their price objective on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Finally, Morgan Stanley upped their price objective on Virtu Financial from $26.00 to $28.00 and gave the company an "underweight" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $37.88.

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.

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