Virtu Financial, Inc. (NASDAQ:VIRT) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 56.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,181 shares of the financial services provider's stock after purchasing an additional 62,987 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Virtu Financial worth $6,678,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Truist Financial Corp raised its position in Virtu Financial by 14.9% in the fourth quarter. Truist Financial Corp now owns 27,756 shares of the financial services provider's stock worth $990,000 after acquiring an additional 3,598 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Virtu Financial during the 4th quarter worth $1,032,000. West Michigan Advisors LLC purchased a new position in shares of Virtu Financial in the 4th quarter valued at about $288,000. Smartleaf Asset Management LLC increased its holdings in shares of Virtu Financial by 172.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 551 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Virtu Financial in the fourth quarter valued at about $47,000. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Price Performance

NASDAQ:VIRT traded up $0.06 during trading hours on Thursday, reaching $44.51. 531,973 shares of the company traded hands, compared to its average volume of 1,055,840. 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's 50-day moving average is $41.51 and its 200-day moving average is $38.53. The stock has a market cap of $6.86 billion, a P/E ratio of 12.86, a P/E/G ratio of 1.14 and a beta of 0.68. Virtu Financial, Inc. has a 1-year low of $21.59 and a 1-year high of $44.96.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.31. The business had revenue of $497.14 million for the quarter, compared to the consensus estimate of $444.23 million. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. The business's revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. Equities research analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.16%. Virtu Financial's dividend payout ratio (DPR) is presently 27.75%.

Insider Buying and Selling

In other Virtu Financial news, CEO Douglas A. Cifu sold 178,320 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $38.57, for a total transaction of $6,877,802.40. Following the transaction, the chief executive officer owned 408,867 shares of the company's stock, valued at $15,770,000.19. This represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Nixon sold 6,965 shares of Virtu Financial stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $42.82, for a total value of $298,241.30. Following the completion of the sale, the director directly owned 33,923 shares of the company's stock, valued at approximately $1,452,582.86. This represents a 17.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 362,846 shares of company stock valued at $14,079,615. Company insiders own 47.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VIRT shares. Evercore ISI upped their target price on shares of Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Morgan Stanley raised their price objective on Virtu Financial from $26.00 to $28.00 and gave the company an "underweight" rating in a research note on Thursday, April 24th. Bank of America downgraded Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 target price on the stock. in a research report on Thursday, May 15th. Finally, Wall Street Zen cut Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $37.25.

About Virtu Financial

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.