Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Versor Investments LP

Versor Investments LP lessened its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 43.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,400 shares of the financial services provider's stock after selling 11,900 shares during the quarter. Versor Investments LP's holdings in Virtu Financial were worth $549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 322 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in Virtu Financial by 1.2% in the fourth quarter. Hanseatic Management Services Inc. now owns 30,132 shares of the financial services provider's stock valued at $1,075,000 after purchasing an additional 371 shares during the period. HBW Advisory Services LLC increased its position in shares of Virtu Financial by 6.8% in the fourth quarter. HBW Advisory Services LLC now owns 7,974 shares of the financial services provider's stock valued at $285,000 after buying an additional 509 shares in the last quarter. R Squared Ltd acquired a new position in shares of Virtu Financial during the 4th quarter worth approximately $25,000. Finally, Atria Investments Inc raised its stake in shares of Virtu Financial by 7.2% during the 3rd quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider's stock worth $327,000 after buying an additional 717 shares during the period. Hedge funds and other institutional investors own 45.78% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently commented on VIRT. Morgan Stanley boosted their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Piper Sandler boosted their target price 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. Five investment 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 target price of $31.36.

Insiders Place Their Bets

In other news, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction that occurred 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 sale, the chief operating officer now owns 90,749 shares of the company's stock, valued at approximately $3,343,193.16. The trade was a 44.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Cavoli sold 34,000 shares of the company'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 transaction, the executive vice president now owns 157,703 shares in the company, valued at $5,899,669.23. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,967 shares of company stock valued at $5,213,964 over the last ninety days. Company insiders own 46.70% of the company's stock.

Virtu Financial Price Performance

VIRT traded up $0.36 during trading on Wednesday, reaching $36.27. The company's stock had a trading volume of 773,106 shares, compared to its average volume of 984,960. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.43 and a beta of 0.46. The firm has a fifty day simple moving average of $37.18 and a two-hundred day simple moving average of $34.60. Virtu Financial, Inc. has a 1 year low of $18.72 and a 1 year high of $41.38. 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 data 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, analysts anticipate that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial's dividend payout ratio (DPR) is presently 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.