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

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Virtu Financial by 1.4% in the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider's stock worth $13,970,000 after purchasing an additional 5,371 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Virtu Financial during the 4th quarter valued at approximately $47,000. Blue Trust Inc. boosted its position in shares of Virtu Financial by 13.0% during the 4th quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 322 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Virtu Financial during the 4th quarter valued at approximately $12,196,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of 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 last quarter. 45.78% of the stock is currently owned by institutional investors.

Virtu Financial Stock Performance

NASDAQ VIRT traded up $0.97 during trading hours on Friday, reaching $41.85. The stock had a trading volume of 764,655 shares, compared to its average volume of 1,179,611. Virtu Financial, Inc. has a 52-week low of $21.59 and a 52-week high of $44.58. The stock has a market cap of $6.45 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The stock has a fifty day moving average of $39.48 and a 200 day moving average of $37.84. 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 announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.31. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. The company had revenue of $497.14 million during the quarter, compared to the consensus estimate of $444.23 million. During the same period in the previous year, the company posted $0.76 earnings per share. Virtu Financial's revenue for the quarter was up 30.3% on a year-over-year basis. Sell-side analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, May 30th. Virtu Financial's payout ratio is presently 27.75%.

Analyst Upgrades and Downgrades

VIRT has been the subject of a number of analyst reports. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. raised their price target on Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Evercore ISI raised their price objective on Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Bank of America downgraded Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price objective on the stock. in a research report on Thursday, May 15th. Finally, Morgan Stanley boosted their price target on Virtu Financial from $26.00 to $28.00 and gave the stock an "underweight" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $37.25.

Insider Activity

In other Virtu Financial news, Director John Nixon sold 6,965 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total value of $298,241.30. Following the transaction, the director now owns 33,923 shares in the company, valued at approximately $1,452,582.86. This trade represents a 17.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas A. Cifu sold 178,320 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $38.57, for a total value of $6,877,802.40. Following the completion of the transaction, the chief executive officer now owns 408,867 shares in the company, valued at $15,770,000.19. The trade was a 30.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 362,846 shares of company stock worth $14,079,615 in the last quarter. Corporate insiders own 47.20% of the company's stock.

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.