Versor Investments LP Lowers Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Versor Investments LP reduced its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,400 shares of the financial services provider’s stock after selling 11,900 shares during the quarter. Versor Investments LP’s holdings in Virtu Financial were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VIRT. FMR LLC increased its position in shares of Virtu Financial by 38.0% during the third quarter. FMR LLC now owns 4,974,095 shares of the financial services provider’s stock worth $151,511,000 after acquiring an additional 1,368,419 shares during the period. Los Angeles Capital Management LLC acquired a new position in Virtu Financial during the 3rd quarter worth $29,815,000. Portolan Capital Management LLC acquired a new position in Virtu Financial during the 3rd quarter worth $11,918,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Virtu Financial by 400.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider’s stock worth $10,008,000 after purchasing an additional 262,835 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Virtu Financial by 28.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 834,418 shares of the financial services provider’s stock valued at $30,027,000 after purchasing an additional 183,823 shares in the last quarter. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Virtu Financial

In other Virtu Financial news, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction that occurred 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 sale, the chief operating officer now owns 90,749 shares of the company’s stock, valued at approximately $3,343,193.16. The trade was a 44.57 % decrease in their position. 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 that occurred on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total value of $1,271,940.00. Following the transaction, the executive vice president now owns 157,703 shares in the company, valued at $5,899,669.23. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,967 shares of company stock worth $5,213,964 over the last ninety days. 46.70% of the stock is currently owned by company insiders.

Virtu Financial Stock Up 3.0 %

Virtu Financial stock opened at $36.56 on Friday. The stock has a 50 day moving average of $37.17 and a two-hundred day moving average of $34.47. Virtu Financial, Inc. has a twelve month low of $17.35 and a twelve month high of $41.38. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.43 and a beta of 0.46. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. As a group, research analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s payout ratio is 32.32%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Virtu Financial presently has a consensus rating of “Hold” and an average price target of $31.36.

Virtu Financial 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.