Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 86.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,048 shares of the financial services provider's stock after selling 369,542 shares during the period. Victory Capital Management Inc.'s holdings in Virtu Financial were worth $2,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in Virtu Financial during the fourth quarter worth about $25,000. Kestra Investment Management LLC acquired a new stake in shares of Virtu Financial during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its holdings in shares of Virtu Financial by 172.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after buying an additional 551 shares during the last quarter. Albion Financial Group UT purchased a new stake in shares of Virtu Financial during the 4th quarter valued at approximately $45,000. Finally, SBI Securities Co. Ltd. acquired a new position in Virtu Financial in the fourth quarter valued at approximately $47,000. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Virtu Financial

In other news, COO Brett Fairclough sold 72,967 shares of the company'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 of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $36.88, for a total transaction of $1,253,920.00. Following the sale, the executive vice president now owns 191,703 shares of the company's stock, valued at $7,070,006.64. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,967 shares of company stock worth $5,213,964. 46.70% of the stock is owned by insiders.

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Virtu Financial Stock Down 0.5 %

Shares of Virtu Financial stock traded down $0.17 during trading hours on Friday, hitting $37.55. The company had a trading volume of 401,965 shares, compared to its average volume of 1,138,108. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. The company's 50-day moving average is $37.12 and its two-hundred day moving average is $35.02. The company has a market cap of $5.82 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.58. Virtu Financial, Inc. has a twelve month low of $19.06 and a twelve month high of $41.38.

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 the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. Analysts anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's dividend payout ratio (DPR) is 32.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Morgan Stanley upped 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.