Virtu Financial, Inc. $VIRT Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 15.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,960 shares of the financial services provider’s stock after selling 8,167 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Virtu Financial were worth $2,059,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Yousif Capital Management LLC raised its holdings in shares of Virtu Financial by 0.8% during the second quarter. Yousif Capital Management LLC now owns 29,986 shares of the financial services provider’s stock valued at $1,343,000 after acquiring an additional 227 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Virtu Financial by 2.8% during the first quarter. Voya Investment Management LLC now owns 10,002 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 270 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Virtu Financial by 1.5% during the first quarter. Foundry Partners LLC now owns 18,031 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 275 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings 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 acquiring an additional 345 shares during the last quarter. Finally, Optimist Retirement Group LLC raised its holdings in shares of Virtu Financial by 4.6% during the first quarter. Optimist Retirement Group LLC now owns 8,146 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 355 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Insider Activity at Virtu Financial

In other news, COO Brett Fairclough sold 90,701 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 47.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Piper Sandler increased their price target on Virtu Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Morgan Stanley increased their price target on Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Tuesday, July 15th. UBS Group reaffirmed a “neutral” rating and issued a $45.00 price target (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Bank of America raised Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday. Finally, The Goldman Sachs Group cut their price target on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Virtu Financial currently has an average rating of “Hold” and an average price target of $41.71.

Virtu Financial Trading Down 0.7%

Shares of Virtu Financial stock opened at $34.34 on Thursday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.14 and a beta of 0.62. Virtu Financial, Inc. has a fifty-two week low of $30.51 and a fifty-two week high of $45.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a 50 day moving average of $36.30 and a 200 day moving average of $39.94.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Tuesday, March 12th. The financial services provider reported $0.37 EPS for the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The business had revenue of $274.00 million during the quarter. As a group, research analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. Virtu Financial’s dividend payout ratio (DPR) is currently 21.82%.

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.