Virtu Financial, Inc. (NASDAQ:VIRT) Stock Holdings Trimmed by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC reduced its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 195,917 shares of the financial services provider's stock after selling 29,725 shares during the quarter. Virtu Financial accounts for approximately 0.8% of Keeley Teton Advisors LLC's holdings, making the stock its 22nd largest holding. Keeley Teton Advisors LLC owned about 0.13% of Virtu Financial worth $6,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of Virtu Financial by 13.0% during the fourth quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 322 shares during the period. Mariner LLC increased its stake in Virtu Financial by 4.2% during the 4th quarter. Mariner LLC now owns 8,074 shares of the financial services provider's stock worth $288,000 after buying an additional 324 shares during the period. Hanseatic Management Services Inc. increased its stake in Virtu Financial by 1.2% during the 4th quarter. Hanseatic Management Services Inc. now owns 30,132 shares of the financial services provider's stock worth $1,075,000 after buying an additional 371 shares during the period. Cerity Partners LLC lifted its holdings in Virtu Financial by 2.7% in the 4th quarter. Cerity Partners LLC now owns 14,826 shares of the financial services provider's stock worth $516,000 after buying an additional 392 shares in the last quarter. Finally, Atlas Capital Advisors Inc. boosted its position in Virtu Financial by 2.2% in the 4th quarter. Atlas Capital Advisors Inc. now owns 19,635 shares of the financial services provider's stock valued at $701,000 after buying an additional 426 shares during the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Brett Fairclough sold 72,967 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the completion of the transaction, the chief operating officer now directly owns 90,749 shares of the company's stock, valued at approximately $3,343,193.16. This represents a 44.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total value of $1,271,940.00. Following the sale, the executive vice president now owns 157,703 shares in the company, valued at $5,899,669.23. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,967 shares of company stock worth $5,213,964 over the last quarter. 46.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on VIRT. Morgan Stanley cut Virtu Financial from an "equal weight" rating to an "underweight" rating and set a $26.00 price target on the stock. in a research note on Tuesday, April 8th. Piper Sandler upped their target price on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, Bank of America reduced their target price on Virtu Financial from $56.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.21.

Virtu Financial Stock Performance

NASDAQ:VIRT traded up $0.66 during trading hours on Friday, reaching $38.46. 1,170,164 shares of the stock were exchanged, compared to its average volume of 1,193,437. The stock has a market capitalization of $5.96 billion, a P/E ratio of 12.95, a P/E/G ratio of 1.43 and a beta of 0.71. The firm has a 50 day simple moving average of $36.69 and a 200-day simple moving average of $35.96. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. Virtu Financial, Inc. has a 52 week low of $20.92 and a 52 week high of $41.38.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. As a group, sell-side analysts forecast that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's dividend payout ratio is presently 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.