Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 32.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 809,791 shares of the financial services provider's stock after selling 386,187 shares during the period. Bank of New York Mellon Corp owned 0.52% of Virtu Financial worth $28,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Virtu Financial during the 4th quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in Virtu Financial in the fourth quarter valued at approximately $28,000. Albion Financial Group UT acquired a new stake in Virtu Financial during the fourth quarter worth approximately $45,000. Principal Securities Inc. lifted its position 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 buying an additional 1,923 shares during the last quarter. Finally, KBC Group NV boosted its holdings 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 valued at $87,000 after buying an additional 860 shares in the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Stock Performance

Shares of NASDAQ:VIRT traded down $0.14 on Wednesday, reaching $35.38. The company's stock had a trading volume of 646,011 shares, compared to its average volume of 995,250. Virtu Financial, Inc. has a 52-week low of $18.72 and a 52-week high of $41.38. The stock has a market capitalization of $5.48 billion, a P/E ratio of 11.90, a PEG ratio of 1.43 and a beta of 0.57. The stock's 50-day moving average is $37.15 and its two-hundred day moving average is $34.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46.

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Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 EPS 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, 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.71%. Virtu Financial's dividend payout ratio (DPR) is 32.32%.

Insider Buying and Selling at Virtu Financial

In other news, COO Brett Fairclough sold 72,967 shares of the business's stock in a transaction dated 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 $3,343,193.16. The trade was a 44.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the executive vice president now directly owns 191,703 shares of the company's stock, valued at $7,070,006.64. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,967 shares of company stock valued at $5,213,964. 46.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

VIRT has been the topic of several research analyst reports. Piper Sandler lifted their price target 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 lifted their target price 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus 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.