QRG Capital Management Inc. Has $878,000 Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

QRG Capital Management Inc. lowered its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 2.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,618 shares of the financial services provider’s stock after selling 549 shares during the quarter. QRG Capital Management Inc.’s holdings in Virtu Financial were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in Virtu Financial by 3,011.0% in the 3rd quarter. International Assets Investment Management LLC now owns 53,914 shares of the financial services provider’s stock worth $1,770,000 after purchasing an additional 52,181 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Virtu Financial by 31.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,189 shares of the financial services provider’s stock valued at $402,000 after buying an additional 3,120 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Virtu Financial by 25.2% in the third quarter. New York State Teachers Retirement System now owns 34,219 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 6,893 shares during the period. Janney Montgomery Scott LLC grew its position in Virtu Financial by 26.2% during the third quarter. Janney Montgomery Scott LLC now owns 48,592 shares of the financial services provider’s stock worth $1,480,000 after buying an additional 10,074 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Virtu Financial by 107.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 34,214 shares of the financial services provider’s stock worth $1,042,000 after acquiring an additional 17,696 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Insider Activity

In other Virtu Financial news, COO Brett Fairclough sold 72,967 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total value of $2,688,104.28. Following the completion of the transaction, the chief operating officer now directly owns 90,749 shares in the company, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Cavoli sold 34,000 shares of Virtu Financial stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total value of $1,271,940.00. Following the sale, the executive vice president now directly owns 157,703 shares in the company, valued at $5,899,669.23. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,967 shares of company stock worth $5,213,964. Insiders own 46.70% of the company’s stock.

Virtu Financial Stock Performance

Virtu Financial stock opened at $36.47 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 stock has a market cap of $5.64 billion, a PE ratio of 12.28, a P/E/G ratio of 1.43 and a beta of 0.46. Virtu Financial, Inc. has a 12-month low of $18.46 and a 12-month high of $41.38. The business’s 50-day moving average price is $37.17 and its two-hundred day moving average price is $34.50.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. As a group, analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.63%. Virtu Financial’s dividend payout ratio (DPR) is presently 32.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley upped their target price on Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Piper Sandler upped their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.36.

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.