Virtu Financial, Inc. (NASDAQ:VIRT) Position Reduced by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 49.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,044 shares of the financial services provider's stock after selling 38,409 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Virtu Financial were worth $1,429,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VIRT. R Squared Ltd acquired a new position in Virtu Financial during the fourth quarter worth approximately $25,000. Kestra Investment Management LLC acquired a new position in Virtu Financial during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its position in Virtu Financial by 172.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after purchasing an additional 551 shares during the last quarter. Albion Financial Group UT acquired a new position in Virtu Financial during the fourth quarter worth approximately $45,000. Finally, SBI Securities Co. Ltd. acquired a new position in Virtu Financial during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 45.78% of the company's stock.

Insider Activity

In other Virtu Financial news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the transaction, the executive vice president now directly owns 157,703 shares in the company, valued at $5,899,669.23. This represents a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brett Fairclough sold 72,967 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 90,749 shares in the company, valued at $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,967 shares of company stock worth $5,213,964. 46.70% of the stock is currently owned by company insiders.

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Virtu Financial Trading Down 0.4 %

Shares of Virtu Financial stock traded down $0.14 during trading hours on Friday, hitting $37.58. The company's stock had a trading volume of 1,425,805 shares, compared to its average volume of 1,135,252. Virtu Financial, Inc. has a 1-year low of $19.97 and a 1-year high of $41.38. The business has a fifty day moving average of $37.18 and a 200 day moving average of $35.07. The company has a market capitalization of $5.82 billion, a PE ratio of 12.65, a P/E/G ratio of 1.43 and a beta of 0.58. 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 (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.55%. Virtu Financial's dividend payout ratio (DPR) is presently 32.32%.

Wall Street Analysts Forecast Growth

VIRT has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Morgan Stanley increased their price objective on shares of 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.