Virtu Financial, Inc. (NASDAQ:VIRT) Holdings Trimmed by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC reduced its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,012 shares of the financial services provider’s stock after selling 1,700 shares during the quarter. Virtu Financial accounts for 0.6% of Jackson Creek Investment Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Jackson Creek Investment Advisors LLC’s holdings in Virtu Financial were worth $1,963,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. R Squared Ltd acquired a new position in Virtu Financial during the fourth quarter valued at $25,000. Kestra Investment Management LLC purchased a new position in Virtu Financial during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC grew its stake in Virtu Financial by 172.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 551 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Virtu Financial in the 4th quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Virtu Financial in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Insiders Place Their Bets

In other news, COO Brett Fairclough sold 72,967 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total value of $2,688,104.28. Following the completion of the sale, the chief operating officer now directly owns 90,749 shares in the company, valued at approximately $3,343,193.16. The trade was a 44.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Cavoli sold 34,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the sale, the executive vice president now directly owns 157,703 shares of the company’s stock, valued at approximately $5,899,669.23. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,967 shares of company stock valued at $5,213,964 over the last 90 days. 46.70% of the stock is currently owned by company insiders.

Virtu Financial Stock Up 0.8 %

Virtu Financial stock opened at $36.57 on Friday. 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, Inc. has a 1-year low of $18.72 and a 1-year high of $41.38. The firm’s fifty day simple moving average is $37.18 and its 200-day simple moving average is $34.61. The company has a market capitalization of $5.66 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.43 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT) last posted 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 return on equity of 27.39% and a net margin of 9.61%. Sell-side analysts forecast that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.24 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.63%. Virtu Financial’s dividend payout ratio (DPR) is currently 32.32%.

Analysts Set New Price Targets

VIRT has been the topic of several research reports. Piper Sandler upped their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Morgan Stanley upped their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Five research 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.com, the company has a consensus rating of “Hold” and an average price target of $31.36.

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.