Virtu Financial, Inc. (NASDAQ:VIRT) Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. grew its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 66.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,637 shares of the financial services provider’s stock after purchasing an additional 9,448 shares during the quarter. Navellier & Associates Inc.’s holdings in Virtu Financial were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Leuthold Group LLC acquired a new stake in Virtu Financial during the fourth quarter worth approximately $2,871,000. O Neil Global Advisors Inc. increased its holdings in shares of Virtu Financial by 72.3% in the 4th quarter. O Neil Global Advisors Inc. now owns 29,343 shares of the financial services provider’s stock valued at $1,047,000 after acquiring an additional 12,313 shares during the period. Legacy Capital Group California Inc. increased its holdings in shares of Virtu Financial by 12.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 13,556 shares of the financial services provider’s stock valued at $484,000 after acquiring an additional 1,512 shares during the period. Ieq Capital LLC acquired a new position in shares of Virtu Financial in the 4th quarter valued at $437,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Virtu Financial in the 4th quarter valued at $3,694,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Virtu Financial news, 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 directly owns 90,749 shares in the company, valued at approximately $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 accessible through the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the business’s 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 owns 191,703 shares in the company, valued at $7,070,006.64. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,967 shares of company stock worth $5,213,964. Corporate insiders own 46.70% of the company’s stock.

Virtu Financial Stock Performance

Shares of VIRT opened at $35.39 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The stock has a market capitalization of $5.47 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.43 and a beta of 0.46. The company’s fifty day moving average is $37.15 and its two-hundred day moving average is $34.22. Virtu Financial, Inc. has a 1 year low of $16.62 and a 1 year high of $41.38.

Virtu Financial (NASDAQ:VIRT) last announced 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%. On average, sell-side analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.71%. Virtu Financial’s payout ratio is currently 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.