Mitsubishi UFJ Trust & Banking Corp Sells 19,697 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 82.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,126 shares of the financial services provider's stock after selling 19,697 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Virtu Financial were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Virtu Financial during the 4th quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in Virtu Financial during the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its position in Virtu Financial by 172.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after purchasing an additional 551 shares during the period. Albion Financial Group UT bought a new position in Virtu Financial during the fourth quarter worth about $45,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Virtu Financial in the fourth quarter valued at approximately $47,000. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Price Performance

Shares of VIRT stock traded up $0.05 on Monday, reaching $35.15. The company's stock had a trading volume of 1,351,192 shares, compared to its average volume of 1,170,796. The company has a market capitalization of $5.44 billion, a P/E ratio of 11.84, a PEG ratio of 1.43 and a beta of 0.71. Virtu Financial, Inc. has a 12-month low of $20.15 and a 12-month high of $41.38. The stock's 50 day simple moving average is $37.35 and its 200-day simple moving average is $35.60. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its quarterly 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%. As a group, equities analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's payout ratio is 32.32%.

Insider Transactions at Virtu Financial

In other 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 value of $1,271,940.00. Following the completion of the sale, the executive vice president now directly owns 157,703 shares in the company, valued at approximately $5,899,669.23. The trade was a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of the 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 transaction, the chief operating officer now directly owns 90,749 shares in the company, valued at approximately $3,343,193.16. This represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,967 shares of company stock valued at $5,213,964. Insiders own 46.70% of the company's stock.

Wall Street Analyst Weigh In

VIRT has been the subject of a number of recent research reports. Piper Sandler lifted 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. Bank of America reduced their price target on Virtu Financial from $56.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Morgan Stanley boosted 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 given a buy rating to the stock. Based on data from MarketBeat, Virtu Financial currently has an average rating of "Hold" and a consensus target price of $33.21.

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.