Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Brinker Capital Investments LLC

Brinker Capital Investments LLC trimmed its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,270 shares of the financial services provider’s stock after selling 3,043 shares during the period. Brinker Capital Investments LLC owned approximately 0.10% of Virtu Financial worth $5,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new stake in Virtu Financial during the 4th quarter valued at approximately $27,000. Signaturefd LLC lifted its stake in Virtu Financial by 93.4% during the 4th quarter. Signaturefd LLC now owns 1,027 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 496 shares during the period. Retirement Planning Co of New England Inc. acquired a new stake in Virtu Financial during the 4th quarter valued at approximately $62,000. AGF Investments Inc. increased its holdings in shares of Virtu Financial by 12.5% during the 3rd quarter. AGF Investments Inc. now owns 7,200 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 798 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Virtu Financial by 2,263.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 7,469 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 7,153 shares in the last quarter. Institutional investors and hedge funds own 99.64% of the company’s stock.

Shares of NASDAQ VIRT opened at $28.88 on Friday. The firm has a market cap of $5.14 billion, a PE ratio of 9.76 and a beta of -0.42. The firm has a fifty day moving average of $35.42 and a 200 day moving average of $31.22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.60 and a current ratio of 0.60. Virtu Financial, Inc. has a one year low of $23.19 and a one year high of $38.63.

Virtu Financial (NASDAQ:VIRTGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The financial services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. Virtu Financial had a net margin of 16.96% and a return on equity of 37.85%. The company had revenue of $522.31 million during the quarter, compared to analyst estimates of $483.93 million. During the same quarter in the previous year, the firm earned $2.04 EPS. The firm’s revenue was down 28.3% compared to the same quarter last year. On average, equities analysts predict that Virtu Financial, Inc. will post 3.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.96 annualized dividend and a yield of 3.32%. Virtu Financial’s dividend payout ratio (DPR) is presently 32.43%.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Friday, February 11th. Piper Sandler lifted their target price on shares of Virtu Financial from $38.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, April 1st. Citigroup lifted their target price on shares of Virtu Financial from $36.00 to $37.50 in a report on Wednesday, April 13th. Rosenblatt Securities lifted their target price on shares of Virtu Financial from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, April 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Virtu Financial from $40.00 to $37.50 in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $38.17.

In other Virtu Financial news, major shareholder Private Ltd Gic sold 4,027,062 shares of Virtu Financial stock in a transaction on Friday, February 4th. The shares were sold at an average price of $31.04, for a total transaction of $125,000,004.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 63.70% of the company’s stock.

About Virtu Financial (Get Rating)

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.

Further Reading

Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. (NASDAQ:VIRTGet Rating).

Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.