Susquehanna Fundamental Investments LLC Purchases Shares of 293,477 Virtu Financial, Inc. (NASDAQ:VIRT)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 293,477 shares of the financial services provider's stock, valued at approximately $10,471,000. Susquehanna Fundamental Investments LLC owned 0.19% of Virtu Financial at the end of the most recent quarter.

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

Insider Buying and Selling

In other Virtu Financial news, CEO Douglas A. Cifu sold 178,320 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $38.57, for a total transaction of $6,877,802.40. Following the completion of the sale, the chief executive officer now owns 408,867 shares in the company, valued at $15,770,000.19. This represents a 30.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $36.88, for a total value of $1,253,920.00. Following the sale, the executive vice president now owns 191,703 shares of the company's stock, valued at $7,070,006.64. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 496,848 shares of company stock valued at $18,995,338 over the last three months. 46.70% of the stock is owned by company insiders.

Virtu Financial Trading Up 3.0 %

Shares of NASDAQ VIRT traded up $1.20 during midday trading on Friday, hitting $41.02. The company's stock had a trading volume of 503,399 shares, compared to its average volume of 1,185,839. Virtu Financial, Inc. has a 12-month low of $21.55 and a 12-month high of $41.38. The firm has a market cap of $6.35 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71. The business's 50 day moving average is $37.03 and its two-hundred day moving average is $36.35. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.31. The business 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 9.61% and a return on equity of 27.39%. The company's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. As a group, equities research analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.24 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.34%. Virtu Financial's payout ratio is currently 27.75%.

Analyst Ratings Changes

VIRT has been the subject of a number of research reports. UBS Group reiterated a "neutral" rating and set a $40.00 price objective (up previously from $38.00) on shares of Virtu Financial in a research report on Thursday, April 24th. Evercore ISI raised their target price on shares of Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Bank of America lowered their target price on shares of Virtu Financial from $56.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Piper Sandler upped their price objective on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Virtu Financial presently has an average rating of "Hold" and an average price target of $37.88.

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.