Peregrine Capital Management LLC Has $9.55 Million Stake in Virtu Financial, Inc. (NASDAQ:VIRT)

Peregrine Capital Management LLC lessened its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 267,564 shares of the financial services provider’s stock after selling 24,078 shares during the period. Peregrine Capital Management LLC’s holdings in Virtu Financial were worth $9,547,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VIRT. Truist Financial Corp grew its position in Virtu Financial by 14.9% during the fourth quarter. Truist Financial Corp now owns 27,756 shares of the financial services provider’s stock worth $990,000 after buying an additional 3,598 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Virtu Financial by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider’s stock valued at $13,970,000 after purchasing an additional 5,371 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Virtu Financial by 439.0% in the 4th quarter. Principal Securities Inc. now owns 2,361 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 1,923 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of Virtu Financial by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 368,191 shares of the financial services provider’s stock worth $13,137,000 after purchasing an additional 33,730 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in Virtu Financial by 7.7% during the 4th quarter. New York State Teachers Retirement System now owns 36,843 shares of the financial services provider’s stock worth $1,315,000 after buying an additional 2,624 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Down 0.2 %

NASDAQ:VIRT opened at $36.77 on Tuesday. The stock’s fifty day simple moving average is $37.09 and its 200-day simple moving average is $34.00. The firm has a market capitalization of $5.69 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.61 and a beta of 0.46. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. Virtu Financial, Inc. has a 12-month low of $16.62 and a 12-month high of $41.38.

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

Virtu Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.24 per share. 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 payout ratio is presently 32.32%.

Insiders Place Their Bets

In other news, 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 transaction of $2,688,104.28. Following the transaction, the chief operating officer now owns 90,749 shares in the company, valued at $3,343,193.16. The trade was a 44.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

VIRT has been the subject of several research reports. Morgan Stanley raised their price objective 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 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.36.

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.