Zurcher Kantonalbank Zurich Cantonalbank Sells 66,133 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,724 shares of the financial services provider’s stock after selling 66,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.12% of Virtu Financial worth $3,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of Virtu Financial during the fourth quarter valued at approximately $1,699,000. Lecap Asset Management Ltd. bought a new stake in shares of Virtu Financial during the fourth quarter valued at approximately $311,000. Allspring Global Investments Holdings LLC increased its position in Virtu Financial by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 735,611 shares of the financial services provider’s stock worth $14,903,000 after purchasing an additional 64,086 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Virtu Financial by 16.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 98,435 shares of the financial services provider’s stock worth $1,980,000 after purchasing an additional 13,633 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Virtu Financial by 1,867.8% in the fourth quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 3,885 shares during the last quarter. Institutional investors own 45.78% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VIRT shares. Citigroup boosted their price target on shares of Virtu Financial from $21.00 to $22.50 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. UBS Group reduced their price target on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, January 26th. Morgan Stanley boosted their price target on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler boosted their price target on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.75.

Virtu Financial Stock Up 0.1 %

Shares of VIRT opened at $21.08 on Tuesday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.58 and a beta of 0.40. Virtu Financial, Inc. has a 12-month low of $16.02 and a 12-month high of $21.58. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.23. The firm has a fifty day moving average price of $19.26 and a 200-day moving average price of $18.77.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). The company had revenue of $535.98 million for the quarter, compared to analysts’ expectations of $272.96 million. Virtu Financial had a net margin of 6.22% and a return on equity of 16.94%. During the same period in the prior year, the firm posted $0.32 earnings per share. Equities research analysts expect that Virtu Financial, Inc. will post 1.8 earnings per share for the current year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Thursday, February 29th. Virtu Financial’s dividend payout ratio is currently 68.57%.

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.