12,260 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Acquired by Ieq Capital LLC

Ieq Capital LLC bought a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,260 shares of the financial services provider's stock, valued at approximately $437,000.

A number of other institutional investors have also recently bought and sold shares of VIRT. Sanctuary Advisors LLC acquired a new position in Virtu Financial in the third quarter valued at about $1,081,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Virtu Financial in the 3rd quarter worth approximately $1,971,000. Principal Financial Group Inc. grew its position in 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 worth $13,970,000 after acquiring an additional 5,371 shares during the last quarter. Barclays PLC grew its position in Virtu Financial by 60.2% during the 3rd quarter. Barclays PLC now owns 55,486 shares of the financial services provider's stock worth $1,691,000 after acquiring an additional 20,843 shares during the last quarter. Finally, Bridgewater Associates LP increased its holdings in Virtu Financial by 124.7% during the 3rd quarter. Bridgewater Associates LP now owns 53,785 shares of the financial services provider's stock valued at $1,638,000 after purchasing an additional 29,844 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Virtu Financial Trading Up 3.0 %

Shares of VIRT stock traded up $1.05 during mid-day trading on Friday, hitting $36.56. The company's stock had a trading volume of 1,493,660 shares, compared to its average volume of 982,281. The company has a market cap of $5.65 billion, a PE ratio of 12.31, a P/E/G ratio of 1.43 and a beta of 0.46. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The company's fifty day simple moving average is $37.17 and its 200-day simple moving average is $34.47. Virtu Financial, Inc. has a 52 week low of $17.35 and a 52 week high of $41.38.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share 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%. As a group, equities research analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial's payout ratio is 32.32%.

Insider Buying and Selling

In related news, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 157,703 shares of the company's stock, valued at approximately $5,899,669.23. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brett Fairclough sold 72,967 shares of the firm's stock in a transaction dated 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,967 shares of company stock valued at $5,213,964. 46.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Piper Sandler lifted their target price on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.