Edgestream Partners L.P. Has $6.92 Million Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

Edgestream Partners L.P. boosted its position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 538.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 193,812 shares of the financial services provider's stock after buying an additional 163,454 shares during the quarter. Edgestream Partners L.P. owned approximately 0.13% of Virtu Financial worth $6,915,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its position in Virtu Financial by 38.0% during 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 Virtu Financial during the third quarter worth about $29,815,000. Portolan Capital Management LLC acquired a new position in Virtu Financial during the third quarter valued at approximately $11,918,000. Raymond James Financial Inc. acquired a new position in Virtu Financial during the fourth quarter valued at approximately $12,196,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Virtu Financial by 400.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider's stock valued at $10,008,000 after purchasing an additional 262,835 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Insider Activity

In other Virtu Financial news, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 90,749 shares in the company, valued at $3,343,193.16. The trade was a 44.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction dated 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 directly owns 157,703 shares of the company's stock, valued at $5,899,669.23. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,967 shares of company stock valued at $5,213,964. 46.70% of the stock is owned by company insiders.

Remove Ads

Virtu Financial Stock Performance

VIRT stock traded up $0.42 during mid-day trading on Tuesday, hitting $35.52. 1,069,207 shares of the company were exchanged, compared to its average volume of 1,003,489. Virtu Financial, Inc. has a 1-year low of $18.72 and a 1-year high of $41.38. The stock has a market capitalization of $5.50 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The business has a 50 day simple moving average of $37.17 and a 200-day simple moving average of $34.74. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17.

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 for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. On average, equities analysts forecast that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.24 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.70%. Virtu Financial's payout ratio is presently 32.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Virtu Financial from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Piper Sandler upped their price target 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 equities 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.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.36.

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.