Los Angeles Capital Management LLC Acquires 52,800 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Los Angeles Capital Management LLC increased its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,031,630 shares of the financial services provider’s stock after purchasing an additional 52,800 shares during the period. Los Angeles Capital Management LLC owned approximately 0.67% of Virtu Financial worth $36,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VIRT. FMR LLC boosted its position in Virtu Financial by 38.0% during the third quarter. FMR LLC now owns 4,974,095 shares of the financial services provider’s stock valued at $151,511,000 after buying an additional 1,368,419 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Virtu Financial by 28.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 834,418 shares of the financial services provider’s stock valued at $30,027,000 after acquiring an additional 183,823 shares during the period. Principal Financial Group Inc. grew its position in Virtu Financial by 1.4% during the 4th 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. Portolan Capital Management LLC purchased a new position in Virtu Financial in the 3rd quarter worth approximately $11,918,000. Finally, Congress Asset Management Co. lifted its position in Virtu Financial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 368,191 shares of the financial services provider’s stock valued at $13,137,000 after purchasing an additional 33,730 shares during the last quarter. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Price Performance

Shares of Virtu Financial stock opened at $35.10 on Wednesday. The company has a market cap of $5.43 billion, a PE ratio of 11.82, a P/E/G ratio of 1.43 and a beta of 0.46. The business has a 50 day moving average of $37.11 and a 200 day moving average of $34.36. Virtu Financial, Inc. has a 52 week low of $17.01 and a 52 week high of $41.38. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 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%. As a group, equities research analysts forecast that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.24 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.74%. Virtu Financial’s dividend payout ratio (DPR) is presently 32.32%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VIRT. Piper Sandler raised their target price on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Morgan Stanley raised their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.36.

Insider Buying and Selling at Virtu Financial

In other Virtu Financial news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total value of $1,271,940.00. Following the completion of the transaction, the executive vice president now owns 157,703 shares in the company, valued at approximately $5,899,669.23. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brett Fairclough sold 72,967 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the sale, the chief operating officer now owns 90,749 shares in the company, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,967 shares of company stock valued at $5,213,964. 46.70% of the stock is currently owned by corporate insiders.

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.