Virtu Financial, Inc. $VIRT Shares Sold by Owen LaRue LLC

Owen LaRue LLC lessened its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 38.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,256 shares of the financial services provider’s stock after selling 8,744 shares during the quarter. Owen LaRue LLC’s holdings in Virtu Financial were worth $639,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in VIRT. Tidal Investments LLC purchased a new position in Virtu Financial in the fourth quarter worth approximately $603,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Virtu Financial by 12.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,490 shares of the financial services provider’s stock valued at $7,118,000 after purchasing an additional 21,503 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Virtu Financial by 26.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,657 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 3,468 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Virtu Financial during the 4th quarter worth $954,000. Finally, GAMMA Investing LLC lifted its position in shares of Virtu Financial by 4,474.9% during the 1st quarter. GAMMA Investing LLC now owns 260,131 shares of the financial services provider’s stock worth $9,916,000 after purchasing an additional 254,445 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 analysts recently commented on VIRT shares. Morgan Stanley increased their target price on Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Tuesday, July 15th. UBS Group reiterated a “neutral” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Finally, Piper Sandler raised their target price on Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.75.

Insider Transactions at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The transaction was disclosed in a filing with the SEC, which is available at this link. 47.20% of the stock is owned by corporate insiders.

Virtu Financial Stock Performance

NASDAQ VIRT opened at $35.06 on Friday. The company has a fifty day moving average of $40.69 and a two-hundred day moving average of $40.38. The company has a market capitalization of $5.36 billion, a PE ratio of 10.13, a P/E/G ratio of 1.14 and a beta of 0.69. Virtu Financial, Inc. has a 1 year low of $29.82 and a 1 year high of $45.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Virtu Financial’s dividend payout ratio is 21.82%.

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.