Two Sigma Securities LLC trimmed its position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 55.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,955 shares of the financial services provider's stock after selling 8,546 shares during the period. Two Sigma Securities LLC's holdings in Virtu Financial were worth $248,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in VIRT. Principal Financial Group Inc. raised its holdings in shares of Virtu Financial by 1.4% in the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider's stock worth $13,970,000 after acquiring an additional 5,371 shares during the last quarter. Barclays PLC raised its stake in shares of Virtu Financial by 60.2% in the third quarter. Barclays PLC now owns 55,486 shares of the financial services provider's stock worth $1,691,000 after purchasing an additional 20,843 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Virtu Financial by 48.6% in the third quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider's stock valued at $10,907,000 after purchasing an additional 117,062 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Virtu Financial during the fourth quarter valued at approximately $954,000. Finally, Moody Aldrich Partners LLC grew its holdings in Virtu Financial by 21.6% during the fourth quarter. Moody Aldrich Partners LLC now owns 310,751 shares of the financial services provider's stock worth $11,088,000 after buying an additional 55,102 shares in the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.
Virtu Financial Stock Performance
NASDAQ VIRT traded up $0.86 on Monday, hitting $42.02. 195,717 shares of the stock traded hands, compared to its average volume of 1,184,413. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The business's fifty day moving average is $37.15 and its two-hundred day moving average is $36.45. Virtu Financial, Inc. has a 12 month low of $21.55 and a 12 month high of $42.27. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.43 and a beta of 0.68.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted 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 company had revenue of $497.14 million during the quarter, compared to the consensus estimate of $444.23 million. During the same quarter in the prior year, the company earned $0.76 EPS. The firm's quarterly revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts anticipate that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.
Virtu Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, May 30th. Virtu Financial's dividend payout ratio (DPR) is currently 27.75%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. UBS Group restated a "neutral" rating and set a $40.00 price objective (up from $38.00) on shares of Virtu Financial in a research note on Thursday, April 24th. Evercore ISI raised 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 report on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Bank of America dropped their target price on shares of Virtu Financial from $56.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Piper Sandler upped their target price on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.88.
Check Out Our Latest Stock Report on Virtu Financial
Insider Activity
In other news, COO Brett Fairclough sold 72,967 shares of Virtu Financial 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 completion of the transaction, the chief operating officer now directly owns 90,749 shares in the company, valued at approximately $3,343,193.16. The trade was a 44.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $36.88, for a total value of $1,253,920.00. Following the sale, the executive vice president now owns 191,703 shares in the company, valued at approximately $7,070,006.64. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 496,848 shares of company stock valued at $18,995,338 over the last quarter. Company insiders own 46.70% of the company's stock.
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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