Virtu Financial, Inc. $VIRT Shares Sold by Pullen Investment Management LLC

Pullen Investment Management LLC lowered its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 85.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,486 shares of the financial services provider’s stock after selling 38,436 shares during the period. Pullen Investment Management LLC’s holdings in Virtu Financial were worth $291,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in shares of Virtu Financial during the 1st quarter worth about $54,000. Vontobel Holding Ltd. purchased a new stake in Virtu Financial during the 1st quarter valued at about $231,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Virtu Financial by 3,319.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,635 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 10,324 shares in the last quarter. Principal Financial Group Inc. grew its stake in Virtu Financial by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 401,117 shares of the financial services provider’s stock valued at $15,291,000 after acquiring an additional 9,569 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Virtu Financial during the 2nd quarter valued at about $417,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Stock Performance

Virtu Financial stock opened at $33.55 on Friday. The firm has a 50 day simple moving average of $36.72 and a 200-day simple moving average of $39.95. Virtu Financial, Inc. has a 1-year low of $30.51 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. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share for the quarter. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The business had revenue of $274.00 million during the quarter. On average, analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a dividend of $0.24 per share. 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 2.9%. Virtu Financial’s dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VIRT shares. UBS Group reaffirmed a “neutral” rating and set a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. The Goldman Sachs Group dropped their price objective on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Morgan Stanley upped their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a research note on Tuesday, July 15th. Finally, Piper Sandler upped their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.43.

Insider Buying and Selling at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $42.40, for a total transaction of $3,845,722.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 47.20% of the company’s stock.

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.