Virtu Financial, Inc. $VIRT Shares Acquired by Versor Investments LP

Versor Investments LP grew its holdings in Virtu Financial, Inc. (NYSE:VIRT) by 38.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,724 shares of the company’s stock after buying an additional 9,917 shares during the period. Versor Investments LP’s holdings in Virtu Financial were worth $1,190,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Rothschild Investment LLC lifted its stake in Virtu Financial by 3,460.0% during the 3rd quarter. Rothschild Investment LLC now owns 712 shares of the company’s stock worth $25,000 after acquiring an additional 692 shares in the last quarter. Assetmark Inc. raised its holdings in Virtu Financial by 258.3% in the third quarter. Assetmark Inc. now owns 713 shares of the company’s stock valued at $25,000 after acquiring an additional 514 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Virtu Financial by 103.8% in the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock worth $34,000 after acquiring an additional 387 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Virtu Financial by 51.9% in the third quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock worth $35,000 after acquiring an additional 332 shares during the last quarter. Finally, Quarry LP purchased a new position in Virtu Financial in the third quarter worth approximately $35,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Virtu Financial from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Morgan Stanley lifted their price target on shares of Virtu Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. The Goldman Sachs Group lifted their price target on shares of Virtu Financial from $46.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Virtu Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Virtu Financial from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Virtu Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

Insider Buying and Selling at Virtu Financial

In other Virtu Financial news, EVP Stephen Cavoli sold 30,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $37.61, for a total value of $1,128,300.00. Following the transaction, the executive vice president owned 174,561 shares of the company’s stock, valued at approximately $6,565,239.21. This represents a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joseph Molluso sold 200,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.88, for a total value of $7,776,000.00. Following the completion of the transaction, the chief operating officer directly owned 326,585 shares in the company, valued at $12,697,624.80. This represents a 37.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 300,000 shares of company stock valued at $11,960,444. Corporate insiders own 46.76% of the company’s stock.

Virtu Financial Stock Performance

VIRT opened at $51.50 on Tuesday. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.48 and a quick ratio of 0.48. Virtu Financial, Inc. has a 1-year low of $31.55 and a 1-year high of $52.21. The business has a 50 day moving average price of $45.59 and a two-hundred day moving average price of $39.22.

Virtu Financial (NYSE:VIRT) last released its earnings results on Wednesday, April 29th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.58. The firm had revenue of $786.53 million during the quarter, compared to the consensus estimate of $613.12 million. Virtu Financial had a return on equity of 51.63% and a net margin of 14.17%.The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. Research analysts predict that Virtu Financial, Inc. will post 5.48 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 1.9%. Virtu Financial’s dividend payout ratio is currently 15.89%.

About Virtu Financial

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.