88,165 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Purchased by Amundi

Amundi purchased a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 88,165 shares of the financial services provider's stock, valued at approximately $3,261,000. Amundi owned 0.06% of Virtu Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in 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. Hanseatic Management Services Inc. lifted its position in Virtu Financial by 1.2% during the fourth quarter. Hanseatic Management Services Inc. now owns 30,132 shares of the financial services provider's stock valued at $1,075,000 after purchasing an additional 371 shares in the last quarter. HBW Advisory Services LLC grew its holdings in Virtu Financial by 6.8% during the fourth quarter. HBW Advisory Services LLC now owns 7,974 shares of the financial services provider's stock valued at $285,000 after purchasing an additional 509 shares during the period. Smartleaf Asset Management LLC increased 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 worth $31,000 after buying an additional 551 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Virtu Financial in the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 45.78% of the company's stock.

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Insider Transactions at Virtu Financial

In other Virtu Financial news, EVP Stephen Cavoli sold 34,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total value of $1,271,940.00. Following the transaction, the executive vice president now directly owns 157,703 shares in the company, valued at $5,899,669.23. This represents a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the transaction, the chief operating officer now directly owns 90,749 shares in the company, 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. Over the last ninety days, insiders have sold 140,967 shares of company stock worth $5,213,964. Insiders own 46.70% of the company's stock.

Analysts Set New Price Targets

VIRT has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on 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 target price 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Virtu Financial currently has a consensus rating of "Hold" and an average target price of $31.36.

Virtu Financial Trading Up 1.2 %

NASDAQ VIRT traded up $0.45 during trading on Thursday, hitting $37.73. The stock had a trading volume of 586,263 shares, compared to its average volume of 1,136,005. Virtu Financial, Inc. has a one year low of $19.06 and a one year high of $41.38. The stock has a 50 day simple moving average of $37.11 and a 200 day simple moving average of $35.00. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.43 and a beta of 0.58. 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 (NASDAQ:VIRT - Get Free Report) 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 return on equity of 27.39% and a net margin of 9.61%. Sell-side analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's dividend 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.