New York State Teachers Retirement System Sells 854 Shares of Virtu Financial, Inc. $VIRT

New York State Teachers Retirement System cut its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,301 shares of the financial services provider’s stock after selling 854 shares during the quarter. New York State Teachers Retirement System’s holdings in Virtu Financial were worth $1,357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in shares of Virtu Financial by 243.0% during the first quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 554 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Virtu Financial by 1,624.1% during the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 942 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Virtu Financial during the first quarter worth $54,000. Farther Finance Advisors LLC boosted its position in shares of Virtu Financial by 410.6% during the second quarter. Farther Finance Advisors LLC now owns 1,297 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 1,043 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its position in shares of Virtu Financial by 89.7% during the second quarter. AdvisorNet Financial Inc now owns 1,368 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 647 shares in the last quarter. 45.78% of the stock is owned by institutional investors.

Insider Transactions at Virtu Financial

In related news, COO Brett Fairclough sold 90,701 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 46.70% of the company’s stock.

Virtu Financial Stock Performance

Shares of VIRT stock opened at $33.44 on Thursday. The firm has a 50-day moving average of $37.05 and a 200-day moving average of $39.91. The company has a market cap of $5.11 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.14 and a beta of 0.62. 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, Inc. has a one year low of $29.82 and a one year high of $45.77.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Tuesday, March 12th. The financial services provider reported $0.37 EPS for the quarter. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The company had revenue of $274.00 million during the quarter. Equities research analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal 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 issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 29th. Virtu Financial’s dividend payout ratio (DPR) is 21.82%.

Analyst Upgrades and Downgrades

VIRT has been the topic of a number of recent analyst reports. UBS Group reissued a “neutral” rating and set a $45.00 price target (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Piper Sandler boosted their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. The Goldman Sachs Group cut their price objective on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Morgan Stanley boosted their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Virtu Financial currently has a consensus rating of “Hold” and an average target price of $41.43.

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.