Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,206 shares of the financial services provider’s stock after selling 315 shares during the quarter. Amalgamated Bank’s holdings in Virtu Financial were worth $899,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Virtu Financial in the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new position in shares of Virtu Financial in the 4th quarter valued at $28,000. Albion Financial Group UT acquired a new stake in Virtu Financial during the 4th quarter worth $45,000. Principal Securities Inc. lifted its position in Virtu Financial by 439.0% in the fourth quarter. Principal Securities Inc. now owns 2,361 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 1,923 shares during the last quarter. Finally, KBC Group NV boosted its stake in Virtu Financial by 42.9% in the third quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 860 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Down 0.2 %

Virtu Financial stock opened at $36.47 on Tuesday. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.43 and a beta of 0.46. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average of $37.17 and a two-hundred day moving average of $34.50. Virtu Financial, Inc. has a twelve month low of $18.46 and a twelve month high of $41.38.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.63%. Virtu Financial’s dividend payout ratio (DPR) is 32.32%.

Insider Buying and Selling

In other Virtu Financial news, COO Brett Fairclough sold 72,967 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now owns 90,749 shares of the company’s stock, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Cavoli sold 34,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the sale, the executive vice president now owns 157,703 shares in the company, valued at $5,899,669.23. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,967 shares of company stock valued at $5,213,964 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VIRT. Morgan Stanley lifted their target price on Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. 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 note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Virtu Financial has a consensus rating of “Hold” and an average 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.