Fox Run Management L.L.C. Has $757,000 Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Fox Run Management L.L.C. lessened its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 22.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,203 shares of the financial services provider’s stock after selling 6,226 shares during the period. Fox Run Management L.L.C.’s holdings in Virtu Financial were worth $757,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VIRT. R Squared Ltd acquired a new stake in shares of Virtu Financial in the 4th quarter valued at approximately $25,000. Kestra Investment Management LLC acquired a new stake in Virtu Financial in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its position in Virtu Financial by 172.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider’s stock valued at $31,000 after buying an additional 551 shares in the last quarter. Albion Financial Group UT bought a new stake in shares of Virtu Financial during the fourth quarter worth $45,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Virtu Financial during the fourth quarter worth $47,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Price Performance

Virtu Financial stock opened at $37.58 on Monday. The stock’s 50 day moving average is $37.18 and its 200 day moving average is $35.12. Virtu Financial, Inc. has a one year low of $20.07 and a one year high of $41.38. The firm has a market cap of $5.82 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.43 and a beta of 0.57. 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 issued its quarterly earnings results 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%. As a group, research analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.55%. Virtu Financial’s dividend payout ratio (DPR) is currently 32.32%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VIRT shares. Piper Sandler boosted their price objective on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley upped their price objective on Virtu Financial from $31.00 to $33.00 and gave the company 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 assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.36.

Insiders Place Their Bets

In related news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the transaction, the executive vice president now directly owns 157,703 shares of the company’s stock, valued at $5,899,669.23. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 90,749 shares of the company’s stock, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,967 shares of company stock worth $5,213,964. Company insiders own 46.70% of the company’s stock.

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.