XTX Topco Ltd acquired a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,859 shares of the financial services provider's stock, valued at approximately $316,000.
Several other large investors also recently added to or reduced their stakes in VIRT. Mariner LLC increased its stake in Virtu Financial by 4.2% in the 4th quarter. Mariner LLC now owns 8,074 shares of the financial services provider's stock worth $288,000 after purchasing an additional 324 shares during the period. Barclays PLC grew its stake in Virtu Financial by 185.9% in the fourth quarter. Barclays PLC now owns 158,655 shares of the financial services provider's stock worth $5,661,000 after purchasing an additional 103,169 shares during the period. Sterling Capital Management LLC grew its stake in Virtu Financial by 1.6% in the fourth quarter. Sterling Capital Management LLC now owns 36,016 shares of the financial services provider's stock worth $1,285,000 after purchasing an additional 554 shares during the period. Advisory Services Network LLC purchased a new stake in Virtu Financial in the fourth quarter worth $387,000. Finally, FIL Ltd grew its stake in shares of Virtu Financial by 4.4% in the fourth quarter. FIL Ltd now owns 542,535 shares of the financial services provider's stock worth $19,358,000 after acquiring an additional 22,644 shares during the last quarter. Institutional investors own 45.78% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on VIRT. Morgan Stanley increased their target price on Virtu Financial from $26.00 to $28.00 and gave the stock an "underweight" rating in a research note on Thursday, April 24th. Evercore ISI increased their target price on Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Piper Sandler increased their target price on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. increased their target price on Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, UBS Group reissued a "neutral" rating and issued a $40.00 target price (up from $38.00) on shares of Virtu Financial in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $37.88.
Get Our Latest Research Report on VIRT
Insider Buying and Selling at Virtu Financial
In related news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 191,703 shares of the company's stock, valued at approximately $7,070,006.64. This represents a 15.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas A. Cifu sold 177,561 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $38.88, for a total transaction of $6,903,571.68. Following the sale, the chief executive officer now owns 231,306 shares in the company, valued at approximately $8,993,177.28. The trade was a 43.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 496,848 shares of company stock valued at $18,995,338. 46.70% of the stock is owned by company insiders.
Virtu Financial Stock Performance
Shares of NASDAQ:VIRT traded up $0.63 during midday trading on Wednesday, reaching $39.15. 1,347,177 shares of the company's stock traded hands, compared to its average volume of 1,189,818. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.43 and a beta of 0.71. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. Virtu Financial, Inc. has a one year low of $21.55 and a one year high of $41.38. The stock has a 50 day moving average of $36.95 and a 200 day moving average of $36.30.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $444.23 million. During the same quarter in the prior year, the company earned $0.76 earnings per share. Virtu Financial's revenue was up 30.3% on a year-over-year basis. As a group, equities research analysts anticipate that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.
Virtu Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, May 30th. Virtu Financial's dividend payout ratio is 27.75%.
Virtu Financial Company 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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