Insider Selling: Virtu Financial, Inc. (NASDAQ:VIRT) COO Sells 72,967 Shares of Stock

Virtu Financial, Inc. (NASDAQ:VIRT) COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total value of $2,688,104.28. Following the completion of the transaction, the chief operating officer now owns 90,749 shares in the company, valued at approximately $3,343,193.16. This represents a 44.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Virtu Financial Price Performance

VIRT stock opened at $36.77 on Monday. The firm has a 50-day moving average of $37.08 and a 200 day moving average of $33.94. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. The company has a market cap of $5.69 billion, a P/E ratio of 12.38, a PEG ratio of 1.61 and a beta of 0.46. Virtu Financial, Inc. has a 1 year low of $16.62 and a 1 year high of $41.38.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. On average, sell-side analysts forecast that Virtu Financial, Inc. will post 3.01 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s dividend payout ratio (DPR) is 32.32%.

Wall Street Analyst Weigh In

VIRT has been the subject of several recent research reports. Piper Sandler boosted their price objective on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.36.

Hedge Funds Weigh In On Virtu Financial

Several institutional investors and hedge funds have recently modified their holdings of VIRT. The Manufacturers Life Insurance Company raised its holdings in Virtu Financial by 30.5% in the second quarter. The Manufacturers Life Insurance Company now owns 19,756 shares of the financial services provider’s stock worth $444,000 after buying an additional 4,620 shares during the last quarter. Truist Financial Corp lifted its position in Virtu Financial by 14.9% in the 2nd quarter. Truist Financial Corp now owns 23,766 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 3,078 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Virtu Financial during the 3rd quarter valued at $228,000. Raymond James & Associates increased its holdings in shares of Virtu Financial by 7.9% in the 3rd quarter. Raymond James & Associates now owns 298,418 shares of the financial services provider’s stock worth $9,090,000 after purchasing an additional 21,918 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Virtu Financial in the third quarter worth $207,000. 45.78% of the stock is currently owned by institutional investors.

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.