Seizert Capital Partners LLC Sells 44,603 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Seizert Capital Partners LLC lessened its holdings in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 29.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,589 shares of the financial services provider's stock after selling 44,603 shares during the quarter. Seizert Capital Partners LLC owned 0.07% of Virtu Financial worth $4,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in Virtu Financial by 28.2% in the 4th quarter. FMR LLC now owns 6,375,783 shares of the financial services provider's stock valued at $227,488,000 after acquiring an additional 1,401,688 shares during the period. Northern Trust Corp boosted its stake in Virtu Financial by 48.2% in the 4th quarter. Northern Trust Corp now owns 1,448,866 shares of the financial services provider's stock valued at $51,696,000 after purchasing an additional 471,526 shares during the period. Balyasny Asset Management L.P. bought a new stake in Virtu Financial in the 4th quarter valued at $39,993,000. Allianz Asset Management GmbH increased its position in Virtu Financial by 69.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,063,011 shares of the financial services provider's stock worth $40,522,000 after buying an additional 435,958 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Virtu Financial by 180.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 948,590 shares of the financial services provider's stock worth $33,846,000 after buying an additional 609,821 shares during the period. 45.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Virtu Financial news, Director John Nixon sold 6,965 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $42.82, for a total transaction of $298,241.30. Following the sale, the director owned 33,923 shares of the company's stock, valued at approximately $1,452,582.86. This represents a 17.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 47.20% of the company's stock.

Virtu Financial Trading Down 1.9%

NASDAQ:VIRT traded down $0.84 during trading hours on Friday, hitting $43.30. 847,355 shares of the company were exchanged, compared to its average volume of 957,268. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial, Inc. has a one year low of $26.50 and a one year high of $45.77. The company has a fifty day simple moving average of $42.82 and a 200 day simple moving average of $39.76.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. Virtu Financial's dividend payout ratio is 21.82%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Bank of America cut 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. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Piper Sandler raised their price target on Virtu Financial from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley raised their price target on Virtu Financial from $31.00 to $35.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Virtu Financial presently has a consensus rating of "Hold" and a consensus target price of $39.13.

About Virtu Financial

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.