Proficio Capital Partners LLC acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,936 shares of the financial services provider's stock, valued at approximately $1,032,000.
Other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Virtu Financial during the fourth quarter worth approximately $25,000. Kestra Investment Management LLC acquired a new position in shares of Virtu Financial during the fourth quarter valued at about $28,000. Albion Financial Group UT bought a new stake in shares of Virtu Financial in the fourth quarter valued at about $45,000. Principal Securities Inc. grew its holdings in shares of Virtu Financial by 439.0% during the 4th quarter. Principal Securities Inc. now owns 2,361 shares of the financial services provider's stock worth $84,000 after purchasing an additional 1,923 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Virtu Financial by 13.0% in the 4th 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. 45.78% of the stock is owned by institutional investors.
Virtu Financial Trading Up 1.2 %
Virtu Financial stock traded up $0.42 during mid-day trading on Tuesday, hitting $35.52. The stock had a trading volume of 1,069,207 shares, compared to its average volume of 1,003,489. Virtu Financial, Inc. has a 12 month low of $18.72 and a 12 month high of $41.38. The stock has a 50-day simple moving average of $37.17 and a two-hundred day simple moving average of $34.74. 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 stock has a market capitalization of $5.50 billion, a PE ratio of 11.96, a P/E/G ratio of 1.43 and a beta of 0.57.
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, 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, sell-side analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.
Virtu Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.70%. Virtu Financial's dividend payout ratio (DPR) is presently 32.32%.
Insider Activity at Virtu Financial
In related news, 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 completion of the transaction, the chief operating officer now owns 90,749 shares in the company, valued at approximately $3,343,193.16. This represents a 44.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,967 shares of company stock worth $5,213,964 in the last quarter. Corporate insiders own 46.70% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on VIRT shares. Morgan Stanley lifted 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. Piper Sandler upped 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Virtu Financial presently has a consensus rating of "Hold" and an average price target of $31.36.
Check Out Our Latest Stock Analysis on Virtu Financial
Virtu Financial Company Profile
(
Free Report)
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.
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