Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,659 shares of the financial services provider’s stock after selling 8,090 shares during the quarter. Headlands Technologies LLC’s holdings in Virtu Financial were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its stake in Virtu Financial by 11.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 30,302 shares of the financial services provider’s stock valued at $614,000 after buying an additional 3,081 shares during the last quarter. Significant Wealth Partners LLC purchased a new stake in Virtu Financial in the fourth quarter valued at approximately $412,000. CWM LLC raised its stake in shares of Virtu Financial by 112.3% during the fourth quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,127 shares during the last quarter. Strs Ohio acquired a new stake in shares of Virtu Financial during the fourth quarter worth $1,699,000. Finally, Lecap Asset Management Ltd. purchased a new position in Virtu Financial in the 4th quarter valued at $311,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price target on Virtu Financial from $20.00 to $21.50 and gave the company a “neutral” rating in a research note on Thursday. Piper Sandler raised their target price on Virtu Financial from $21.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, April 12th. StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Finally, UBS Group cut their price target on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Virtu Financial presently has an average rating of “Hold” and a consensus target price of $22.24.

Virtu Financial Price Performance

Shares of NASDAQ VIRT opened at $22.02 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.23. The company’s 50-day moving average price is $19.67 and its 200 day moving average price is $18.87. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $22.80. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.61 and a beta of 0.40.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.13). Virtu Financial had a net margin of 6.04% and a return on equity of 17.14%. The business had revenue of $535.98 million during the quarter, compared to analyst estimates of $272.96 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. As a group, research analysts forecast that Virtu Financial, Inc. will post 1.8 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, May 31st. Virtu Financial’s dividend payout ratio (DPR) is presently 67.13%.

Insiders Place Their Bets

In other news, CEO Douglas A. Cifu bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $16.21 per share, with a total value of $810,500.00. Following the purchase, the chief executive officer now owns 584,132 shares of the company’s stock, valued at approximately $9,468,779.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.80% of the stock is currently owned by company insiders.

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.