Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN decreased its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 367,112 shares of the financial services provider’s stock after selling 13,917 shares during the quarter. OLD National Bancorp IN owned 0.23% of Virtu Financial worth $11,182,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in Virtu Financial in the first quarter valued at approximately $26,000. USA Financial Formulas acquired a new stake in Virtu Financial in the third quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in Virtu Financial during the second quarter worth approximately $39,000. Abich Financial Wealth Management LLC raised its holdings in Virtu Financial by 55.3% during the first quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 781 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Virtu Financial during the second quarter worth approximately $46,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Insider Activity at Virtu Financial

In related news, Director Virginia Gambale sold 5,400 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $27.30, for a total value of $147,420.00. Following the completion of the transaction, the director now owns 24,122 shares of the company’s stock, valued at approximately $658,530.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 46.70% of the stock is currently owned by corporate insiders.

Virtu Financial Price Performance

Virtu Financial stock opened at $32.98 on Friday. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $33.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22. The firm’s 50-day simple moving average is $31.16 and its 200 day simple moving average is $26.13. The firm has a market capitalization of $5.18 billion, a PE ratio of 23.06, a P/E/G ratio of 0.54 and a beta of 0.38.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.83 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 business had revenue of $385.10 million for the quarter, compared to analyst estimates of $331.92 million. During the same period in the previous year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. On average, equities research analysts predict that Virtu Financial, Inc. will post 2.57 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.91%. The ex-dividend date was Friday, August 30th. Virtu Financial’s payout ratio is 67.13%.

Analyst Ratings Changes

VIRT has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Citigroup raised their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Bank of America cut their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, UBS Group lifted their target price on shares of Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Virtu Financial has an average rating of “Hold” and an average target price of $29.50.

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.