11,260 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Purchased by Chiron Investment Management LLC

Chiron Investment Management LLC purchased a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,260 shares of the financial services provider's stock, valued at approximately $402,000.

Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Virtu Financial during the third quarter valued at approximately $1,081,000. Principal Financial Group Inc. boosted its stake in shares of Virtu Financial by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider's stock valued at $13,970,000 after buying an additional 5,371 shares during the period. Barclays PLC grew its stake in Virtu Financial by 60.2% in the third quarter. Barclays PLC now owns 55,486 shares of the financial services provider's stock valued at $1,691,000 after purchasing an additional 20,843 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Virtu Financial by 48.6% in the third quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider's stock valued at $10,907,000 after acquiring an additional 117,062 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Virtu Financial during the 4th quarter valued at about $954,000. 45.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Virtu Financial news, EVP Stephen Cavoli sold 34,000 shares of Virtu Financial 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. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brett Fairclough sold 72,967 shares of the company's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 90,749 shares of the company's stock, valued at approximately $3,343,193.16. This represents a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,967 shares of company stock worth $5,213,964 in the last quarter. 46.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley lowered Virtu Financial from an "equal weight" rating to an "underweight" rating and set a $26.00 price objective on the stock. in a research note on Tuesday, April 8th. Piper Sandler upped their price objective on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Finally, Bank of America cut their target price on shares of Virtu Financial from $56.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.21.

Virtu Financial Stock Performance

Shares of NASDAQ:VIRT traded up $0.66 during trading on Friday, reaching $38.46. 1,170,164 shares of the stock were exchanged, compared to its average volume of 1,190,143. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The firm has a market cap of $5.96 billion, a PE ratio of 12.95, a PEG ratio of 1.43 and a beta of 0.71. The stock has a 50-day moving average price of $36.67 and a 200-day moving average price of $35.88. Virtu Financial, Inc. has a 12 month low of $20.35 and a 12 month high of $41.38.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. Research analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's payout ratio is 32.32%.

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.