C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $3.69 Million in Virtu Financial, Inc. (NASDAQ:VIRT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Virtu Financial, Inc. (NASDAQ:VIRT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 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 0.07% of Virtu Financial as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Virtu Financial in the fourth quarter worth $25,000. Albion Financial Group UT purchased a new stake in Virtu Financial during the 4th quarter worth about $45,000. GAMMA Investing LLC boosted its stake in Virtu Financial by 149.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,442 shares during the period. KBC Group NV grew its holdings in Virtu Financial by 42.9% during the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock valued at $87,000 after buying an additional 860 shares in the last quarter. Finally, Blue Trust Inc. increased its position 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 buying an additional 322 shares during the period. 45.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Virtu Financial Trading Down 2.0 %

Shares of Virtu Financial stock opened at $36.82 on Thursday. The company has a 50 day simple moving average of $37.07 and a two-hundred day simple moving average of $33.76. The firm has a market cap of $5.69 billion, a PE ratio of 12.40, a PEG ratio of 1.61 and a beta of 0.46. Virtu Financial, Inc. has a 1 year low of $16.41 and a 1 year high of $41.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. Analysts expect that Virtu Financial, Inc. will post 3.01 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Friday, February 28th. Virtu Financial’s payout ratio is currently 32.32%.

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.