US Bancorp DE Has $415,000 Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

US Bancorp DE trimmed its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 34.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,619 shares of the financial services provider’s stock after selling 6,067 shares during the period. US Bancorp DE’s holdings in Virtu Financial were worth $415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VIRT. Hahn Capital Management LLC boosted its position in shares of Virtu Financial by 69.2% during the 4th quarter. Hahn Capital Management LLC now owns 345,987 shares of the financial services provider’s stock valued at $12,345,000 after acquiring an additional 141,475 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Virtu Financial during the 4th quarter valued at about $1,032,000. Los Angeles Capital Management LLC lifted its holdings in Virtu Financial by 5.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,031,630 shares of the financial services provider’s stock valued at $36,809,000 after purchasing an additional 52,800 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Virtu Financial during the 4th quarter valued at about $760,000. Finally, Navellier & Associates Inc. lifted its holdings in Virtu Financial by 66.6% during the 4th quarter. Navellier & Associates Inc. now owns 23,637 shares of the financial services provider’s stock valued at $843,000 after purchasing an additional 9,448 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

Virtu Financial Trading Down 0.4 %

VIRT stock opened at $35.38 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The company’s 50-day simple moving average is $37.15 and its 200 day simple moving average is $34.81. Virtu Financial, Inc. has a 52 week low of $18.72 and a 52 week high of $41.38. The company has a market capitalization of $5.48 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.71%. Virtu Financial’s payout ratio is 32.32%.

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.