Algert Global LLC Grows Stock Holdings in Virtu Financial, Inc. $VIRT

Algert Global LLC lifted its position in Virtu Financial, Inc. (NYSE:VIRT) by 39.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,467 shares of the company’s stock after buying an additional 69,980 shares during the quarter. Algert Global LLC owned approximately 0.16% of Virtu Financial worth $8,785,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of Virtu Financial by 258.3% in the third quarter. Assetmark Inc. now owns 713 shares of the company’s stock valued at $25,000 after purchasing an additional 514 shares during the period. Rothschild Investment LLC lifted its holdings in Virtu Financial by 3,460.0% during the 3rd quarter. Rothschild Investment LLC now owns 712 shares of the company’s stock worth $25,000 after buying an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Virtu Financial by 103.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after buying an additional 387 shares during the period. Neo Ivy Capital Management boosted its position in Virtu Financial by 93.7% in the 3rd quarter. Neo Ivy Capital Management now owns 978 shares of the company’s stock valued at $35,000 after buying an additional 473 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Virtu Financial by 1,624.1% in the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the company’s stock worth $38,000 after acquiring an additional 942 shares in the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Price Performance

Shares of VIRT opened at $38.80 on Tuesday. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.36 and a beta of 0.61. The firm’s fifty day simple moving average is $38.42 and its 200-day simple moving average is $36.18. Virtu Financial, Inc. has a twelve month low of $31.55 and a twelve month high of $45.77. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.03.

Virtu Financial (NYSE:VIRT) last issued its earnings results on Thursday, January 29th. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.73. Virtu Financial had a net margin of 12.90% and a return on equity of 48.35%. The firm had revenue of $969.89 million during the quarter, compared to the consensus estimate of $513.51 million. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s revenue was up 16.3% compared to the same quarter last year.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, February 27th. Virtu Financial’s dividend payout ratio is currently 18.71%.

Insider Transactions at Virtu Financial

In other news, EVP Stephen Cavoli sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $37.61, for a total transaction of $1,128,300.00. Following the completion of the sale, the executive vice president owned 174,561 shares in the company, valued at approximately $6,565,239.21. The trade was a 14.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joseph Molluso sold 200,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.88, for a total transaction of $7,776,000.00. Following the completion of the transaction, the chief operating officer directly owned 326,585 shares in the company, valued at $12,697,624.80. This trade represents a 37.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 270,000 shares of company stock worth $10,458,644. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

VIRT has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price objective on Virtu Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Weiss Ratings raised Virtu Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Morgan Stanley upped their price target on Virtu Financial from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, January 22nd. Piper Sandler increased their price target on Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Zacks Research cut Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $43.00.

Virtu Financial Company Profile

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.