Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Barclays PLC

Barclays PLC trimmed its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 29.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 199,791 shares of the financial services provider’s stock after selling 84,518 shares during the quarter. Barclays PLC’s holdings in Virtu Financial were worth $3,417,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of Virtu Financial by 74.3% during the second quarter. Raymond James & Associates now owns 182,907 shares of the financial services provider’s stock worth $3,126,000 after buying an additional 77,977 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Virtu Financial by 13.1% during the first quarter. Natixis Advisors L.P. now owns 241,457 shares of the financial services provider’s stock worth $4,563,000 after buying an additional 27,985 shares during the period. Dark Forest Capital Management LP lifted its stake in shares of Virtu Financial by 4,769.6% during the first quarter. Dark Forest Capital Management LP now owns 10,421 shares of the financial services provider’s stock worth $197,000 after buying an additional 10,207 shares during the period. New York Life Investment Management LLC lifted its stake in shares of Virtu Financial by 66.3% during the first quarter. New York Life Investment Management LLC now owns 25,344 shares of the financial services provider’s stock worth $479,000 after buying an additional 10,105 shares during the period. Finally, Simplicity Solutions LLC acquired a new stake in shares of Virtu Financial during the first quarter worth $2,228,000. 46.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on VIRT. Citigroup upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, September 14th. StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley decreased their target price on shares of Virtu Financial from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Piper Sandler decreased their target price on shares of Virtu Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, October 9th. Finally, JPMorgan Chase & Co. downgraded shares of Virtu Financial from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $19.00 in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Virtu Financial Trading Down 0.5 %

NASDAQ VIRT opened at $17.37 on Monday. Virtu Financial, Inc. has a 1 year low of $16.26 and a 1 year high of $23.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.52 and a quick ratio of 0.52. The company has a fifty day moving average of $17.82 and a 200 day moving average of $18.06. The company has a market capitalization of $2.83 billion, a PE ratio of 10.72 and a beta of 0.32.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.53%. Virtu Financial’s payout ratio is 59.26%.

Insider Buying and Selling at Virtu Financial

In other news, COO Joseph Molluso acquired 15,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average price of $17.17 per share, with a total value of $257,550.00. Following the completion of the acquisition, the chief operating officer now owns 358,160 shares of the company’s stock, valued at $6,149,607.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Joseph Molluso acquired 15,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average price of $17.17 per share, with a total value of $257,550.00. Following the completion of the acquisition, the chief operating officer now owns 358,160 shares of the company’s stock, valued at $6,149,607.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas A. Cifu acquired 50,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was purchased at an average cost of $17.06 per share, with a total value of $853,000.00. Following the acquisition, the chief executive officer now directly owns 442,755 shares of the company’s stock, valued at approximately $7,553,400.30. The disclosure for this purchase can be found here. 44.80% of the stock is owned by corporate insiders.

Virtu Financial Profile

Virtu Financial, Inc, a financial services company in New York. The company operates through 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. The company's solutions enable clients to trade on various venues across countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrencies, and other commodities.