XTX Topco Ltd bought a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,859 shares of the financial services provider's stock, valued at approximately $316,000.
Several other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Virtu Financial by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider's stock worth $13,970,000 after purchasing an additional 5,371 shares during the last quarter. Barclays PLC lifted its holdings in Virtu Financial by 60.2% during the 3rd quarter. Barclays PLC now owns 55,486 shares of the financial services provider's stock worth $1,691,000 after buying an additional 20,843 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Virtu Financial by 48.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider's stock worth $10,907,000 after acquiring an additional 117,062 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Virtu Financial in the 4th quarter valued at about $954,000. Finally, Moody Aldrich Partners LLC raised its position in shares of Virtu Financial by 21.6% during the 4th quarter. Moody Aldrich Partners LLC now owns 310,751 shares of the financial services provider's stock worth $11,088,000 after acquiring an additional 55,102 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Evercore ISI increased their price target on shares of Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a research note on Thursday. Morgan Stanley increased their target price on shares of Virtu Financial from $26.00 to $28.00 and gave the company an "underweight" rating in a research report on Thursday. Piper Sandler boosted 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. UBS Group reaffirmed a "neutral" rating and set a $40.00 price objective (up previously from $38.00) on shares of Virtu Financial in a report on Thursday. Finally, Bank of America reduced their target price on Virtu Financial from $56.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Virtu Financial currently has a consensus rating of "Hold" and an average target price of $37.88.
Read Our Latest Report on Virtu Financial
Insider Transactions at Virtu Financial
In other news, EVP Stephen Cavoli sold 34,000 shares of the firm'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 completion of the sale, the executive vice president now directly owns 157,703 shares of the company's stock, valued at $5,899,669.23. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total value 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. This represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,967 shares of company stock worth $5,213,964 over the last ninety days. 46.70% of the stock is currently owned by company insiders.
Virtu Financial Stock Performance
VIRT traded up $0.84 on Monday, hitting $39.20. 1,218,828 shares of the company traded hands, compared to its average volume of 1,188,846. Virtu Financial, Inc. has a 12-month low of $21.38 and a 12-month high of $41.38. The company has a 50 day moving average of $36.83 and a 200-day moving average of $36.22. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $6.07 billion, a PE ratio of 13.20, a PEG ratio of 1.43 and a beta of 0.71.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.31. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. The firm had revenue of $497.14 million during the quarter, compared to the consensus estimate of $444.23 million. During the same period last year, the company earned $0.76 earnings per share. The company's revenue for the quarter was up 30.3% on a year-over-year basis. Sell-side analysts anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.
Virtu Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, May 30th. Virtu Financial's payout ratio is 27.75%.
Virtu Financial Profile
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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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