Virtu Financial, Inc. $VIRT Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Virtu Financial, Inc. (NYSE:VIRT) by 85.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,200 shares of the company’s stock after purchasing an additional 14,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Virtu Financial were worth $1,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VIRT. Pension & Wealth Management Advisors Inc. bought a new position in shares of Virtu Financial during the third quarter valued at approximately $42,000. Root Financial Partners LLC bought a new stake in shares of Virtu Financial in the 3rd quarter worth approximately $69,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Virtu Financial in the 2nd quarter worth approximately $88,000. CoreCap Advisors LLC grew its stake in shares of Virtu Financial by 16.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,679 shares of the company’s stock worth $93,000 after buying an additional 235 shares during the last quarter. Finally, Assetmark Inc. increased its position in Virtu Financial by 172.7% during the 1st quarter. Assetmark Inc. now owns 1,688 shares of the company’s stock valued at $74,000 after buying an additional 1,069 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Insider Buying and Selling at Virtu Financial

In other news, Director Joseph J. Grano, Jr. sold 8,400 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $60.94, for a total value of $511,896.00. Following the completion of the transaction, the director owned 33,814 shares in the company, valued at $2,060,625.16. The trade was a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Nixon sold 9,094 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $60.13, for a total value of $546,822.22. Following the completion of the transaction, the director owned 30,902 shares of the company’s stock, valued at $1,858,137.26. This represents a 22.74% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 46.76% of the company’s stock.

Virtu Financial Price Performance

Shares of VIRT opened at $53.34 on Wednesday. Virtu Financial, Inc. has a twelve month low of $31.55 and a twelve month high of $68.76. The company has a market capitalization of $8.28 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 0.39 and a beta of 0.67. The firm has a 50 day moving average of $58.35 and a 200 day moving average of $52.17. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VIRT. Zacks Research cut Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Morgan Stanley cut their target price on Virtu Financial from $57.00 to $56.00 and set an “underweight” rating on the stock in a research note on Friday, October 9th. Evercore upgraded Virtu Financial to an “outperform” rating in a report on Monday, October 5th. JPMorgan Chase & Co. raised Virtu Financial from a “neutral” rating to an “overweight” rating and set a $84.00 price target for the company in a research report on Monday, October 5th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Virtu Financial in a research note on Friday, October 2nd. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Virtu Financial currently has a consensus rating of “Hold” and an average target price of $68.25.

Virtu Financial Profile

Virtu Financial, Inc is a global financial services company that provides liquidity, trading, and technology solutions to the financial markets. Through its market-making business, Virtu facilitates trading in a broad range of products, including equities, exchange-traded funds, options, fixed income, foreign exchange, commodities, and certain digital assets.

The company also operates an execution services business that provides trading and workflow technology to institutional investors, asset managers, broker-dealers, and other financial institutions.