Proficio Capital Partners LLC Acquires Shares of 28,936 Virtu Financial, Inc. (NASDAQ:VIRT)

Proficio Capital Partners LLC acquired a new stake in Virtu Financial, Inc. (NASDAQ:VIRT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,936 shares of the financial services provider’s stock, valued at approximately $1,032,000.

A number of other large investors also recently modified their holdings of VIRT. Wealth Enhancement Advisory Services LLC increased its position in shares of Virtu Financial by 31.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,189 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 3,120 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Virtu Financial by 25.2% in the 3rd 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 purchasing an additional 6,893 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Virtu Financial by 26.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 48,592 shares of the financial services provider’s stock valued at $1,480,000 after buying an additional 10,074 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Virtu Financial by 107.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 34,214 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 17,696 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Virtu Financial by 3.0% in the 3rd quarter. QRG Capital Management Inc. now owns 25,167 shares of the financial services provider’s stock valued at $767,000 after buying an additional 728 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Stock Up 0.1 %

Shares of NASDAQ:VIRT opened at $36.61 on Friday. The stock has a market cap of $5.67 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.43 and a beta of 0.46. The firm has a fifty day moving average price of $37.17 and a 200 day moving average price of $34.62. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. Virtu Financial, Inc. has a 1-year low of $18.72 and a 1-year high of $41.38.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, February 28th. Virtu Financial’s dividend payout ratio (DPR) is presently 32.32%.

Insider Transactions at Virtu Financial

In other news, EVP Stephen Cavoli sold 34,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 157,703 shares in the company, valued at approximately $5,899,669.23. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total transaction 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 $3,343,193.16. This trade represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,967 shares of company stock worth $5,213,964. Company insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VIRT shares. Morgan Stanley increased their target price on shares of 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 increased their target price on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.