Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P reduced its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 28.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,293 shares of the financial services provider’s stock after selling 3,720 shares during the period. Martingale Asset Management L P’s holdings in Virtu Financial were worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VIRT. Advisory Services Network LLC acquired a new position in Virtu Financial in the 4th quarter worth $387,000. FIL Ltd increased its position in shares of Virtu Financial by 4.4% during 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. Invesco Ltd. increased its position in shares of Virtu Financial by 11.4% during the fourth quarter. Invesco Ltd. now owns 802,391 shares of the financial services provider’s stock worth $28,629,000 after acquiring an additional 82,396 shares during the last quarter. Cerity Partners LLC boosted its holdings in Virtu Financial by 2.7% in the fourth quarter. Cerity Partners LLC now owns 14,826 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 392 shares during the last quarter. Finally, FMR LLC boosted its holdings in Virtu Financial by 28.2% in the fourth quarter. FMR LLC now owns 6,375,783 shares of the financial services provider’s stock valued at $227,488,000 after purchasing an additional 1,401,688 shares during the last quarter. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America dropped their price objective on Virtu Financial from $56.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley lowered shares of Virtu Financial from an “equal weight” rating to an “underweight” rating and set a $26.00 price target for the company. in a research note on Tuesday, April 8th. Finally, Piper Sandler increased their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.21.

Virtu Financial Stock Up 4.2 %

VIRT stock opened at $37.03 on Monday. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.43 and a beta of 0.71. Virtu Financial, Inc. has a 1-year low of $20.30 and a 1-year high of $41.38. The firm has a fifty day moving average price of $36.78 and a two-hundred day moving average price of $35.74. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. Research analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Friday, February 28th. Virtu Financial’s payout ratio is 32.32%.

Insider Buying and Selling

In other Virtu Financial news, COO Brett Fairclough sold 72,967 shares of the 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 sale, the chief operating officer now directly owns 90,749 shares of the company’s stock, valued at $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Cavoli sold 34,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the transaction, the executive vice president now directly owns 157,703 shares of the company’s stock, valued at approximately $5,899,669.23. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,967 shares of company stock valued at $5,213,964. Insiders own 46.70% of the company’s stock.

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.