Virtu Financial, Inc. (NASDAQ:VIRT) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,972 shares of the financial services provider’s stock after selling 6,000 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Virtu Financial were worth $677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Virtu Financial by 38.0% during the third quarter. FMR LLC now owns 4,974,095 shares of the financial services provider’s stock valued at $151,511,000 after purchasing an additional 1,368,419 shares in the last quarter. Portolan Capital Management LLC purchased a new position in Virtu Financial in the 3rd quarter valued at about $11,918,000. Raymond James Financial Inc. acquired a new stake in Virtu Financial in the 4th quarter worth about $12,196,000. Norges Bank purchased a new stake in Virtu Financial during the 4th quarter worth approximately $12,018,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Virtu Financial by 28.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 834,418 shares of the financial services provider’s stock valued at $30,027,000 after acquiring an additional 183,823 shares during the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Insider Buying and Selling

In related news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the completion of the transaction, the executive vice president now owns 157,703 shares of the company’s stock, valued at approximately $5,899,669.23. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the completion of the sale, the chief operating officer now owns 90,749 shares of the company’s stock, valued at $3,343,193.16. This trade represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,967 shares of company stock worth $5,213,964. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VIRT shares. Morgan Stanley lifted their price target on Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Piper Sandler upped their target price on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Virtu Financial has a consensus rating of “Hold” and a consensus price target of $31.36.

Virtu Financial Stock Up 0.1 %

Shares of VIRT opened at $37.76 on Friday. Virtu Financial, Inc. has a 52-week low of $20.15 and a 52-week high of $41.38. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. The stock has a fifty day simple moving average of $37.44 and a two-hundred day simple moving average of $35.35. The company has a market capitalization of $5.85 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. As a group, equities analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Friday, February 28th. Virtu Financial’s dividend payout ratio is presently 32.32%.

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.