Operose Advisors LLC Sells 3,635 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Operose Advisors LLC trimmed its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 47.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,030 shares of the financial services provider’s stock after selling 3,635 shares during the period. Operose Advisors LLC’s holdings in Virtu Financial were worth $144,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. MML Investors Services LLC bought a new stake in shares of Virtu Financial in the 3rd quarter valued at $394,000. Barclays PLC grew its holdings in Virtu Financial by 60.2% during the 3rd quarter. Barclays PLC now owns 55,486 shares of the financial services provider’s stock worth $1,691,000 after acquiring an additional 20,843 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Virtu Financial by 24.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,900 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 5,489 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Virtu Financial in the 3rd quarter valued at about $1,081,000. Finally, Optimist Retirement Group LLC bought a new stake in shares of Virtu Financial during the 3rd quarter valued at about $244,000. 45.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Morgan Stanley cut 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 report on Tuesday, April 8th. Finally, Bank of America cut their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.21.

Insider Buying and Selling

In other news, EVP Stephen Cavoli sold 34,000 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $36.88, for a total value of $1,253,920.00. Following the completion of the transaction, the executive vice president now directly owns 191,703 shares in the company, valued at approximately $7,070,006.64. This represents a 15.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brett Fairclough sold 72,967 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total value of $2,688,104.28. Following the transaction, the chief operating officer now directly owns 90,749 shares in the company, valued at approximately $3,343,193.16. This represents a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,967 shares of company stock worth $5,213,964. Corporate insiders own 46.70% of the company’s stock.

Virtu Financial Stock Up 3.2 %

Shares of NASDAQ VIRT opened at $38.23 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. The company has a market cap of $5.92 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.43 and a beta of 0.71. Virtu Financial, Inc. has a 52 week low of $20.30 and a 52 week high of $41.38. The business has a 50-day simple moving average of $36.72 and a two-hundred day simple moving average of $35.79.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 EPS 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 anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.51%. Virtu Financial’s dividend payout ratio (DPR) is currently 32.32%.

Virtu Financial Company 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.