Deutsche Bank AG Sells 103,407 Shares of Virtu Financial, Inc. $VIRT

Deutsche Bank AG cut its holdings in Virtu Financial, Inc. (NASDAQ:VIRT) by 93.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,831 shares of the financial services provider’s stock after selling 103,407 shares during the period. Deutsche Bank AG’s holdings in Virtu Financial were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Foundry Partners LLC boosted its stake in Virtu Financial by 1.5% during the first quarter. Foundry Partners LLC now owns 18,031 shares of the financial services provider’s stock worth $687,000 after buying an additional 275 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Virtu Financial by 0.8% during the first quarter. Wedge Capital Management L L P NC now owns 33,397 shares of the financial services provider’s stock worth $1,273,000 after buying an additional 281 shares in the last quarter. Mariner LLC raised its holdings in shares of Virtu Financial by 4.2% in the fourth quarter. Mariner LLC now owns 8,074 shares of the financial services provider’s stock valued at $288,000 after buying an additional 324 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of 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 valued at $64,000 after purchasing an additional 345 shares during the last quarter. Finally, Optimist Retirement Group LLC boosted its position in Virtu Financial by 4.6% in the 1st quarter. Optimist Retirement Group LLC now owns 8,146 shares of the financial services provider’s stock valued at $311,000 after buying an additional 355 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Trading Down 1.3%

Shares of NASDAQ:VIRT opened at $41.84 on Friday. The company’s 50-day moving average price is $43.20 and its two-hundred day moving average price is $40.25. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. Virtu Financial, Inc. has a one year low of $29.82 and a one year high of $45.77. The stock has a market capitalization of $6.40 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69.

Virtu Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VIRT. Morgan Stanley raised their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a research note on Tuesday, July 15th. Piper Sandler raised their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. UBS Group restated a “neutral” rating and set a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Wall Street Zen lowered shares of Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Bank of America lowered shares of Virtu Financial from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.75.

Insider Activity

In other news, COO Brett Fairclough sold 90,701 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $42.40, for a total value of $3,845,722.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 47.20% of the company’s stock.

About Virtu Financial

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.