Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,502,668 shares of the financial services provider’s stock after selling 75,446 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.96% of Virtu Financial worth $33,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverview Trust Co bought a new position in Virtu Financial during the 1st quarter worth $26,000. Quarry LP grew its position in shares of Virtu Financial by 79.9% during the fourth quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 746 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Virtu Financial in the 2nd quarter worth about $39,000. Abich Financial Wealth Management LLC lifted its position in Virtu Financial by 55.3% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 781 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Virtu Financial during the 2nd quarter valued at about $46,000. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Bank of America raised their price target on shares of Virtu Financial from $25.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Piper Sandler boosted their price target on Virtu Financial from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. The Goldman Sachs Group raised their price target on Virtu Financial from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Citigroup upped their price objective on shares of Virtu Financial from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.36.

Insider Activity

In related news, Director Virginia Gambale sold 5,400 shares of Virtu Financial stock in a transaction on Monday, August 5th. The stock was sold at an average price of $27.30, for a total value of $147,420.00. Following the transaction, the director now directly owns 24,122 shares in the company, valued at approximately $658,530.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 46.70% of the company’s stock.

Virtu Financial Trading Down 0.3 %

Shares of Virtu Financial stock opened at $30.96 on Friday. The business has a fifty day simple moving average of $29.95 and a 200-day simple moving average of $24.86. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $32.88. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.23. Virtu Financial had a net margin of 7.59% and a return on equity of 22.74%. The company had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $331.92 million. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s revenue was up 38.2% compared to the same quarter last year. On average, equities analysts forecast that Virtu Financial, Inc. will post 2.47 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were given a dividend of $0.24 per share. The ex-dividend date was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.10%. Virtu Financial’s dividend payout ratio (DPR) is presently 67.13%.

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.