Victory Capital Management Inc. Has $2 Million Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Victory Capital Management Inc. decreased its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 86.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,048 shares of the financial services provider’s stock after selling 369,542 shares during the period. Victory Capital Management Inc.’s holdings in Virtu Financial were worth $2,000,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Virtu Financial during the fourth quarter valued at $25,000. Kestra Investment Management LLC acquired a new stake in shares of Virtu Financial in the fourth quarter worth about $28,000. Smartleaf Asset Management LLC boosted its stake in shares of Virtu Financial by 172.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 551 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Virtu Financial during the 4th quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Virtu Financial in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VIRT shares. Piper Sandler boosted their price objective 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. 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 report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Virtu Financial presently has an average rating of “Hold” and a consensus price target of $31.36.

Virtu Financial Price Performance

Shares of VIRT stock opened at $36.08 on Tuesday. The firm’s 50 day moving average price is $37.10 and its two-hundred day moving average price is $34.95. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. Virtu Financial, Inc. has a 52-week low of $19.06 and a 52-week high of $41.38. The stock has a market cap of $5.59 billion, a PE ratio of 12.15, a PEG ratio of 1.43 and a beta of 0.57.

Virtu Financial (NASDAQ:VIRT) last announced 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, analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.66%. Virtu Financial’s dividend payout ratio is currently 32.32%.

Insider Buying and Selling

In other news, EVP Stephen Cavoli sold 34,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 157,703 shares in the company, valued at $5,899,669.23. This represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Brett Fairclough sold 72,967 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the sale, the chief operating officer now directly owns 90,749 shares in the company, valued at $3,343,193.16. This trade represents a 44.57 % 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 valued at $5,213,964. Company insiders own 46.70% of the company’s stock.

About Virtu Financial

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.