Fox Run Management L.L.C. Has $757,000 Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Fox Run Management L.L.C. lowered its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 22.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,203 shares of the financial services provider’s stock after selling 6,226 shares during the quarter. Fox Run Management L.L.C.’s holdings in Virtu Financial were worth $757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC increased its position in shares of 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 purchasing an additional 1,368,419 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Virtu Financial by 5.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,031,630 shares of the financial services provider’s stock valued at $36,809,000 after buying an additional 52,800 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Virtu Financial by 28.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 834,418 shares of the financial services provider’s stock worth $30,027,000 after buying an additional 183,823 shares during the last quarter. Principal Financial Group Inc. raised its position in 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 in the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in Virtu Financial in the third quarter valued at $11,918,000. Institutional investors own 45.78% of the company’s stock.

Insider Buying and Selling

In other Virtu Financial news, EVP Stephen Cavoli sold 34,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 157,703 shares in the company, valued at $5,899,669.23. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brett Fairclough sold 72,967 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now owns 90,749 shares of the company’s stock, valued at approximately $3,343,193.16. The trade was a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,967 shares of company stock valued at $5,213,964. 46.70% of the stock is owned by company insiders.

Virtu Financial Trading Down 0.4 %

Shares of VIRT stock opened at $37.58 on Monday. Virtu Financial, Inc. has a 12-month low of $20.07 and a 12-month high of $41.38. The firm has a 50 day moving average price of $37.18 and a two-hundred day moving average price of $35.12. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $5.82 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results 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 return on equity of 27.39% and a net margin of 9.61%. As a group, analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.55%. Virtu Financial’s dividend payout ratio (DPR) is presently 32.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VIRT shares. Morgan Stanley boosted their price objective on shares of 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 boosted their price target on 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.