Livforsakringsbolaget Skandia Omsesidigt Sells 31,200 Shares of Virtu Financial, Inc. $VIRT

Key Points

• Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Virtu Financial by 69.8% in Q2, leaving it with 13,500 shares currently valued at approximately $605,000.
• Several institutional investors have recently increased or initiated stakes in Virtu Financial, showing significant interest in the company.
• Analysts have varying ratings on Virtu Financial, with a consensus rating of "Hold" and a price target averaging $39.75, while the stock has recently traded down by 2.3% to around $35.41.

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 69.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,500 shares of the financial services provider's stock after selling 31,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Virtu Financial were worth $605,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Man Group plc raised its holdings in shares of Virtu Financial by 530.5% during the fourth quarter. Man Group plc now owns 53,250 shares of the financial services provider's stock valued at $1,900,000 after buying an additional 44,804 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Virtu Financial by 84.2% during the fourth quarter. Quantinno Capital Management LP now owns 51,315 shares of the financial services provider's stock valued at $1,831,000 after buying an additional 23,455 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Virtu Financial during the fourth quarter valued at approximately $603,000. Two Sigma Investments LP increased its stake in shares of Virtu Financial by 9.6% during the fourth quarter. Two Sigma Investments LP now owns 834,400 shares of the financial services provider's stock valued at $29,771,000 after acquiring an additional 73,304 shares during the period. Finally, Wexford Capital LP acquired a new position in shares of Virtu Financial during the fourth quarter valued at approximately $203,000. Institutional investors own 45.78% of the company's stock.

Insider Activity at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $42.40, for a total transaction of $3,845,722.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 47.20% of the stock is currently owned by insiders.

Virtu Financial Trading Up 0.6%

VIRT traded up $0.21 during mid-day trading on Friday, hitting $35.42. The stock had a trading volume of 1,665,588 shares, compared to its average volume of 974,129. The stock's fifty day simple moving average is $41.47 and its 200-day simple moving average is $40.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69. Virtu Financial, Inc. has a 1-year low of $29.82 and a 1-year high of $45.77.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 29th. Virtu Financial's dividend payout ratio (DPR) is presently 21.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VIRT. UBS Group reiterated a "neutral" rating and set a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Piper Sandler boosted their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley boosted their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Virtu Financial presently has an average rating of "Hold" and an average target price of $39.75.

Virtu Financial Company 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.