Virtu Financial, Inc. (NASDAQ:VIRT) COO Brett Fairclough Sells 50,000 Shares

Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) COO Brett Fairclough sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $29.25, for a total value of $1,462,500.00. Following the completion of the transaction, the chief operating officer now directly owns 27,488 shares in the company, valued at $804,024. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of VIRT opened at $28.67 on Friday. The business’s 50 day moving average is $34.95 and its 200 day moving average is $31.31. The company has a market capitalization of $5.10 billion, a PE ratio of 9.69 and a beta of -0.21. Virtu Financial, Inc. has a 12-month low of $23.19 and a 12-month high of $38.63. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.86.

Virtu Financial (NASDAQ:VIRTGet Rating) last issued its earnings results on Thursday, April 28th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.08. The company had revenue of $522.31 million for the quarter, compared to the consensus estimate of $483.93 million. Virtu Financial had a return on equity of 38.27% and a net margin of 13.99%. The firm’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter last year, the company earned $2.04 EPS. Equities research analysts predict that Virtu Financial, Inc. will post 3.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, May 31st. Virtu Financial’s dividend payout ratio (DPR) is presently 32.43%.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Virtu Financial by 79.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,630 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 6,494 shares during the last quarter. Signaturefd LLC increased its stake in Virtu Financial by 93.4% in the 4th quarter. Signaturefd LLC now owns 1,027 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 496 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Virtu Financial by 11.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 243,145 shares of the financial services provider’s stock worth $5,940,000 after acquiring an additional 24,217 shares during the last quarter. Versor Investments LP bought a new stake in Virtu Financial in the 4th quarter worth approximately $349,000. Finally, First Bank & Trust increased its stake in Virtu Financial by 8.6% in the 4th quarter. First Bank & Trust now owns 17,985 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 1,424 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on VIRT. Piper Sandler lifted their price objective on Virtu Financial from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 1st. Rosenblatt Securities lifted their price objective on Virtu Financial from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, April 14th. Zacks Investment Research raised Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research report on Friday, February 11th. Citigroup lifted their price objective on Virtu Financial from $36.00 to $37.50 in a research report on Wednesday, April 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Virtu Financial from $40.00 to $37.50 in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $38.17.

About Virtu Financial (Get Rating)

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.

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Insider Buying and Selling by Quarter for Virtu Financial (NASDAQ:VIRT)

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