Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 67,070 shares of the financial services provider’s stock after selling 852 shares during the period. State of Alaska Department of Revenue’s holdings in Virtu Financial were worth $2,392,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VIRT. The Manufacturers Life Insurance Company increased its position in shares of Virtu Financial by 30.5% during the second quarter. The Manufacturers Life Insurance Company now owns 19,756 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 4,620 shares in the last quarter. Truist Financial Corp increased its position in shares of 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 during the period. SG Americas Securities LLC acquired a new position in shares of Virtu Financial in the 3rd quarter valued at $228,000. Handelsbanken Fonder AB increased its position in shares of Virtu Financial by 28.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 21,900 shares of the financial services provider’s stock valued at $667,000 after acquiring an additional 4,800 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Virtu Financial by 149.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,442 shares during the period. 45.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VIRT has been the topic of several research reports. Piper Sandler upped their target price 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 increased their price target 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.36.

Virtu Financial Trading Down 1.4 %

VIRT stock opened at $38.34 on Tuesday. The company’s 50-day simple moving average is $37.09 and its 200-day simple moving average is $33.68. 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 52-week low of $16.41 and a 52-week high of $41.38. The firm has a market cap of $5.93 billion, a P/E ratio of 12.91, a PEG ratio of 1.61 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Virtu Financial, Inc. will post 3.01 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently announced 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. This represents a $0.96 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, February 28th. Virtu Financial’s payout ratio is currently 32.32%.

About Virtu Financial

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.