Public Employees Retirement System of Ohio Sells 3,762 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Public Employees Retirement System of Ohio lowered its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRTFree Report) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,506 shares of the financial services provider’s stock after selling 3,762 shares during the period. Public Employees Retirement System of Ohio’s holdings in Virtu Financial were worth $665,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its holdings in Virtu Financial by 131.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 84,802 shares of the financial services provider’s stock worth $1,449,000 after acquiring an additional 48,127 shares during the last quarter. Earnest Partners LLC bought a new stake in Virtu Financial in the 3rd quarter worth $1,149,000. Hsbc Holdings PLC grew its holdings in Virtu Financial by 27.7% in the 3rd quarter. Hsbc Holdings PLC now owns 280,338 shares of the financial services provider’s stock worth $4,834,000 after acquiring an additional 60,776 shares during the last quarter. Barclays PLC grew its holdings in Virtu Financial by 39.4% in the 3rd quarter. Barclays PLC now owns 278,456 shares of the financial services provider’s stock worth $4,811,000 after acquiring an additional 78,665 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Virtu Financial in the 3rd quarter worth $1,049,000. Institutional investors own 45.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas A. Cifu bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was acquired at an average cost of $16.21 per share, with a total value of $810,500.00. Following the completion of the acquisition, the chief executive officer now owns 584,132 shares of the company’s stock, valued at $9,468,779.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 44.80% of the company’s stock.

Analysts Set New Price Targets

VIRT has been the subject of several research analyst reports. StockNews.com cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Citigroup raised their target price on shares of Virtu Financial from $21.00 to $22.50 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Virtu Financial in a research report on Friday, March 22nd. UBS Group dropped their target price on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, January 26th. Finally, Bank of America began coverage on shares of Virtu Financial in a research report on Tuesday, November 28th. They issued a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.92.

Get Our Latest Analysis on Virtu Financial

Virtu Financial Trading Up 0.4 %

Shares of NASDAQ VIRT opened at $20.23 on Wednesday. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $21.03. The stock has a market cap of $3.20 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 5.76 and a beta of 0.38. The firm has a 50-day moving average of $18.02 and a 200 day moving average of $18.33. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.46 and a quick ratio of 0.46.

Virtu Financial (NASDAQ:VIRTGet Free Report) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.13). The firm had revenue of $535.98 million during the quarter, compared to analysts’ expectations of $272.96 million. Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. During the same period last year, the firm posted $0.32 earnings per share. As a group, sell-side analysts expect that Virtu Financial, Inc. will post 1.79 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 annualized dividend and a yield of 4.75%. Virtu Financial’s dividend payout ratio (DPR) is presently 68.57%.

About Virtu Financial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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