Rhumbline Advisers Sells 15,430 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Rhumbline Advisers decreased its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,801 shares of the financial services provider's stock after selling 15,430 shares during the period. Rhumbline Advisers owned about 0.12% of Virtu Financial worth $6,701,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Virtu Financial during the fourth quarter worth approximately $25,000. Albion Financial Group UT acquired a new stake in Virtu Financial during the fourth quarter valued at approximately $45,000. Blue Trust Inc. lifted its holdings in Virtu Financial by 13.0% during the 4th quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider's stock worth $100,000 after buying an additional 322 shares during the last quarter. KBC Group NV grew its position in shares of Virtu Financial by 42.9% in the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider's stock worth $87,000 after acquiring an additional 860 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Virtu Financial by 135.9% in the 4th quarter. GAMMA Investing LLC now owns 5,686 shares of the financial services provider's stock valued at $203,000 after acquiring an additional 3,276 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Insider Activity at Virtu Financial

In related news, COO Brett Fairclough sold 72,967 shares of the business'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 owns 90,749 shares in the company, valued at $3,343,193.16. The trade was a 44.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $36.88, for a total value of $1,253,920.00. Following the completion of the transaction, the executive vice president now owns 191,703 shares in the company, valued at $7,070,006.64. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,967 shares of company stock valued at $5,213,964 in the last ninety days. Insiders own 46.70% of the company's stock.

Virtu Financial Stock Performance

Shares of Virtu Financial stock traded up $1.05 during midday trading on Friday, hitting $36.56. The company had a trading volume of 1,493,660 shares, compared to its average volume of 982,281. The stock 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. Virtu Financial, Inc. has a 1-year low of $17.35 and a 1-year high of $41.38. The business's 50 day simple moving average is $37.17 and its two-hundred day simple moving average is $34.47. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on VIRT. Piper Sandler increased their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Morgan Stanley boosted their price objective on Virtu Financial from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $31.36.

Virtu Financial Company 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.