Allspring Global Investments Holdings LLC Purchases 64,086 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Allspring Global Investments Holdings LLC lifted its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 735,611 shares of the financial services provider’s stock after buying an additional 64,086 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Virtu Financial were worth $14,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VIRT. Farther Finance Advisors LLC purchased a new position in Virtu Financial in the 2nd quarter worth approximately $25,000. Tower Research Capital LLC TRC increased its holdings in shares of Virtu Financial by 123.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 883 shares in the last quarter. Quarry LP raised its stake in shares of Virtu Financial by 236.4% in the second quarter. Quarry LP now owns 1,581 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,111 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Virtu Financial by 8,400.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,700 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,680 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Virtu Financial by 42.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,176 shares of the financial services provider’s stock valued at $65,000 after buying an additional 950 shares during the last quarter. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Up 0.1 %

VIRT opened at $20.65 on Tuesday. The firm’s 50 day simple moving average is $18.84 and its two-hundred day simple moving average is $18.65. The company has a market capitalization of $3.27 billion, a PE ratio of 14.75, a PEG ratio of 0.58 and a beta of 0.40. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year 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) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. The company had revenue of $535.98 million during the quarter, compared to the consensus estimate of $272.96 million. During the same period in the prior year, the business posted $0.32 earnings per share. As a group, equities analysts forecast that Virtu Financial, Inc. will post 1.76 EPS for the current year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.65%. Virtu Financial’s payout ratio is currently 68.57%.

Insider Activity at Virtu Financial

In other news, CEO Douglas A. Cifu bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $16.21 per share, for a total transaction of $810,500.00. Following the purchase, the chief executive officer now owns 584,132 shares in the company, valued at $9,468,779.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 44.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VIRT has been the subject of a number of recent analyst reports. StockNews.com raised Virtu Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Morgan Stanley increased their price objective on shares of Virtu Financial from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler lifted their target price 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 Virtu Financial from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Finally, Citigroup lifted their price objective on Virtu Financial from $21.00 to $22.50 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.75.

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.