26,751 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,751 shares of the financial services provider's stock, valued at approximately $954,000.

Several other hedge funds have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its position in Virtu Financial by 180.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 948,590 shares of the financial services provider's stock worth $33,846,000 after purchasing an additional 609,821 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Virtu Financial by 17.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 12,585 shares of the financial services provider's stock valued at $449,000 after buying an additional 1,854 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Virtu Financial in the 4th quarter valued at $432,000. Norges Bank purchased a new stake in Virtu Financial in the fourth quarter valued at $12,018,000. Finally, EntryPoint Capital LLC acquired a new stake in Virtu Financial during the 4th quarter worth about $344,000. Institutional investors and hedge funds own 45.78% of the company's stock.

Insiders Place Their Bets

In related news, COO Brett Fairclough sold 72,967 shares of the stock in a transaction 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 approximately $3,343,193.16. This represents a 44.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of Virtu Financial stock in a transaction 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 sale, the executive vice president now directly owns 191,703 shares in the company, valued at approximately $7,070,006.64. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 140,967 shares of company stock worth $5,213,964. Corporate insiders own 46.70% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VIRT. 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. Morgan Stanley cut shares of Virtu Financial from an "equal weight" rating to an "underweight" rating and set a $26.00 price objective on the stock. in a research note on Tuesday, April 8th. Finally, Bank of America decreased their target price on shares of Virtu Financial from $56.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $32.21.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT traded up $0.66 during midday trading on Friday, reaching $38.46. 1,170,164 shares of the company's stock traded hands, compared to its average volume of 1,192,250. The company has a fifty day simple moving average of $36.69 and a two-hundred day simple moving average of $35.93. Virtu Financial, Inc. has a 1 year low of $20.44 and a 1 year high of $41.38. The company has a market cap of $5.96 billion, a P/E ratio of 12.95, a PEG ratio of 1.43 and a beta of 0.71. 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 (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's payout ratio is 32.32%.

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.