Allspring Global Investments Holdings LLC Has $14.90 Million Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Allspring Global Investments Holdings LLC lifted its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 735,611 shares of the financial services provider's stock after buying an additional 64,086 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.46% of Virtu Financial worth $14,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Capital World Investors bought a new stake in Virtu Financial during the first quarter valued at $58,287,000. Norges Bank bought a new stake in Virtu Financial during the fourth quarter valued at $19,031,000. AQR Capital Management LLC increased its stake in Virtu Financial by 59.7% during the first quarter. AQR Capital Management LLC now owns 2,164,023 shares of the financial services provider's stock valued at $40,272,000 after purchasing an additional 809,085 shares during the last quarter. Federated Hermes Inc. increased its stake in Virtu Financial by 553.8% during the first quarter. Federated Hermes Inc. now owns 810,853 shares of the financial services provider's stock valued at $30,180,000 after purchasing an additional 686,824 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in Virtu Financial by 7.6% during the third quarter. William Blair Investment Management LLC now owns 8,347,311 shares of the financial services provider's stock valued at $144,158,000 after purchasing an additional 588,749 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on VIRT. Morgan Stanley boosted their target price on shares of Virtu Financial from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Citigroup upped their price target on shares of Virtu Financial from $21.00 to $22.50 and gave the stock a "buy" rating in a research report on Tuesday, March 26th. Piper Sandler upped their price target on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday. UBS Group lowered their price target on shares of Virtu Financial from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, January 26th. Finally, StockNews.com upgraded shares of Virtu Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Virtu Financial presently has a consensus rating of "Hold" and a consensus target price of $20.75.

Insider Buying and Selling at Virtu Financial

In other news, CEO Douglas A. Cifu acquired 50,000 shares of Virtu Financial stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $16.21 per share, with a total value of $810,500.00. Following the completion of the purchase, the chief executive officer now owns 584,132 shares of the company's stock, valued at $9,468,779.72. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 44.80% of the stock is owned by corporate insiders.

Virtu Financial Price Performance

VIRT stock traded down $0.07 during trading on Tuesday, hitting $20.58. The company had a trading volume of 560,265 shares, compared to its average volume of 1,076,267. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 0.58 and a beta of 0.40. The business has a 50 day moving average of $18.84 and a 200 day moving average of $18.65. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $21.58. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.23.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.13). The company had revenue of $535.98 million during the quarter, compared to analyst estimates of $272.96 million. Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. During the same period in the previous year, the company earned $0.32 EPS. As a group, research analysts predict that Virtu Financial, Inc. will post 1.76 earnings per share for the current year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date was Thursday, February 29th. Virtu Financial's payout ratio is 68.57%.

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.