C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 103,531 Virtu Financial, Inc. (NASDAQ:VIRT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Virtu Financial, Inc. (NASDAQ:VIRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 103,531 shares of the financial services provider’s stock, valued at approximately $3,694,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned about 0.07% of Virtu Financial at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VIRT. Kestra Investment Management LLC bought a new stake in Virtu Financial in the fourth quarter worth about $28,000. Truist Financial Corp lifted its stake in shares of Virtu Financial by 14.9% during the 4th quarter. Truist Financial Corp now owns 27,756 shares of the financial services provider’s stock worth $990,000 after acquiring an additional 3,598 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Virtu Financial by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider’s stock valued at $13,970,000 after acquiring an additional 5,371 shares during the period. Principal Securities Inc. grew its position in Virtu Financial by 439.0% in the 4th quarter. Principal Securities Inc. now owns 2,361 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 1,923 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake in Virtu Financial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 368,191 shares of the financial services provider’s stock worth $13,137,000 after purchasing an additional 33,730 shares during the period. 45.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Virtu Financial

In other Virtu Financial news, COO Brett Fairclough sold 72,967 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the sale, the chief operating officer now owns 90,749 shares of the company’s stock, valued at approximately $3,343,193.16. The trade was a 44.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 46.70% of the stock is currently owned by corporate insiders.

Virtu Financial Stock Down 0.2 %

NASDAQ:VIRT opened at $36.77 on Tuesday. The company’s 50-day simple moving average is $37.09 and its 200-day simple moving average is $34.00. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. Virtu Financial, Inc. has a fifty-two week low of $16.62 and a fifty-two week high of $41.38. The stock has a market capitalization of $5.69 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.61 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. On average, equities analysts anticipate that Virtu Financial, Inc. will post 3.01 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.61%. Virtu Financial’s dividend payout ratio (DPR) is 32.32%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VIRT. Morgan Stanley boosted their target price on shares of Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Piper Sandler boosted their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.36.

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.