Virtu Financial, Inc. $VIRT Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. cut its position in shares of Virtu Financial, Inc. (NYSE:VIRT) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,169 shares of the company’s stock after selling 14,503 shares during the quarter. Navellier & Associates Inc.’s holdings in Virtu Financial were worth $905,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in shares of Virtu Financial by 51.9% during the third quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock valued at $35,000 after buying an additional 332 shares during the period. California State Teachers Retirement System grew its stake in Virtu Financial by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 76,473 shares of the company’s stock worth $3,425,000 after acquiring an additional 369 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Virtu Financial by 103.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after acquiring an additional 387 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Virtu Financial by 32.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,712 shares of the company’s stock valued at $61,000 after acquiring an additional 415 shares during the last quarter. Finally, Neo Ivy Capital Management lifted its stake in shares of Virtu Financial by 93.7% during the 3rd quarter. Neo Ivy Capital Management now owns 978 shares of the company’s stock worth $35,000 after purchasing an additional 473 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Price Performance

Shares of Virtu Financial stock opened at $50.24 on Thursday. The business’s fifty day moving average price is $45.01 and its 200 day moving average price is $38.85. Virtu Financial, Inc. has a twelve month low of $31.55 and a twelve month high of $52.21. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $7.77 billion, a P/E ratio of 8.32, a PEG ratio of 1.29 and a beta of 0.62.

Virtu Financial (NYSE:VIRT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.66 by $0.58. The company had revenue of $786.53 million during the quarter, compared to analyst estimates 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 was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 earnings per share. As a group, research analysts anticipate that Virtu Financial, Inc. will post 5.48 earnings per share for the current year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Virtu Financial’s dividend payout ratio is 15.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VIRT. Piper Sandler raised their price objective on Virtu Financial from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Zacks Research upgraded Virtu Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Weiss Ratings upgraded Virtu Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Wall Street Zen raised Virtu Financial from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Virtu Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.67.

Insider Buying and Selling

In related news, COO Joseph Molluso sold 200,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 326,585 shares in the company, valued at approximately $12,697,624.80. This trade represents a 37.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Cavoli sold 28,370 shares of Virtu Financial stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $38.94, for a total transaction of $1,104,727.80. Following the transaction, the executive vice president directly owned 116,191 shares in the company, valued at approximately $4,524,477.54. This trade represents a 19.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 270,000 shares of company stock valued at $10,458,644. Corporate insiders own 47.20% of the company’s stock.

Virtu Financial Profile

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.