Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,317 shares of the financial services provider’s stock after selling 1,302 shares during the period. US Bancorp DE’s holdings in Virtu Financial were worth $393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in Virtu Financial during the first quarter worth $32,000. Penserra Capital Management LLC acquired a new position in Virtu Financial during the first quarter worth $54,000. SBI Securities Co. Ltd. boosted its stake in Virtu Financial by 26.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider’s stock worth $64,000 after buying an additional 345 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Virtu Financial during the first quarter worth $213,000. Finally, Wexford Capital LP acquired a new position in Virtu Financial during the fourth quarter worth $203,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Price Performance

VIRT stock opened at $41.79 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $6.39 billion, a PE ratio of 12.08, a P/E/G ratio of 1.14 and a beta of 0.69. Virtu Financial, Inc. has a 12-month low of $28.77 and a 12-month high of $45.77. The business’s fifty day moving average price is $43.10 and its 200 day moving average price is $40.03.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 29th. Virtu Financial’s payout ratio is currently 21.82%.

Wall Street Analyst Weigh In

VIRT has been the topic of a number of recent research reports. Evercore ISI boosted their price objective on Virtu Financial from $41.00 to $42.00 and gave the stock an “in-line” rating in a research note on Thursday, April 24th. Wall Street Zen downgraded Virtu Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Morgan Stanley lifted their target price on Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Tuesday, July 15th. Bank of America downgraded Virtu Financial from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Thursday, May 15th. Finally, Piper Sandler lifted their target price on Virtu Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.75.

Insider Activity

In related news, COO Brett Fairclough sold 90,701 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total value of $3,845,722.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 46.70% of the company’s stock.

Virtu Financial 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.