Creekmur Asset Management LLC Buys Shares of 19,236 Virtu Financial, Inc. (NASDAQ:VIRT)

Creekmur Asset Management LLC bought a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,236 shares of the financial services provider's stock, valued at approximately $733,000.

Several other hedge funds have also modified their holdings of VIRT. Financial Management Professionals Inc. acquired a new position in shares of Virtu Financial during the first quarter worth $32,000. Penserra Capital Management LLC acquired a new position in shares of Virtu Financial during the first quarter worth $54,000. SBI Securities Co. Ltd. lifted its position in shares of Virtu Financial by 26.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider's stock worth $64,000 after purchasing an additional 345 shares in the last quarter. Huntington National Bank lifted its position in shares of Virtu Financial by 528.9% during the fourth quarter. Huntington National Bank now owns 3,182 shares of the financial services provider's stock worth $114,000 after purchasing an additional 2,676 shares in the last quarter. Finally, Wexford Capital LP acquired a new position in shares of Virtu Financial during the fourth quarter worth $203,000. 45.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Virtu Financial news, Director John Nixon sold 6,965 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total transaction of $298,241.30. Following the completion of the sale, the director directly owned 33,923 shares of the company's stock, valued at approximately $1,452,582.86. The trade was a 17.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas A. Cifu sold 177,561 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $38.88, for a total value of $6,903,571.68. Following the completion of the transaction, the chief executive officer owned 231,306 shares of the company's stock, valued at $8,993,177.28. This represents a 43.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 362,846 shares of company stock valued at $14,079,615 over the last three months. Company insiders own 47.20% of the company's stock.

Virtu Financial Stock Down 1.6%

VIRT traded down $0.72 during midday trading on Friday, hitting $44.40. 846,480 shares of the company's stock traded hands, compared to its average volume of 1,027,916. The company has a market cap of $6.85 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70. The stock's fifty day simple moving average is $42.42 and its 200-day simple moving average is $39.22. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. Virtu Financial, Inc. has a one year low of $26.50 and a one year high of $45.77.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.31. The firm had revenue of $497.14 million for the quarter, compared to the consensus estimate of $444.23 million. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The business's revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. As a group, equities analysts anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, May 30th. This represents a $0.96 annualized dividend and a yield of 2.16%. Virtu Financial's dividend payout ratio is currently 27.75%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VIRT. UBS Group restated a "neutral" rating and issued a $40.00 price target (up previously from $38.00) on shares of Virtu Financial in a research note on Thursday, April 24th. Morgan Stanley boosted their target price on shares of Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a research note on Tuesday. Evercore ISI boosted their target price on shares of Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Wall Street Zen lowered shares of Virtu Financial from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Piper Sandler reiterated an "overweight" rating and set a $48.00 target price (up previously from $44.00) on shares of Virtu Financial in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $39.13.

Virtu Financial 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.