Orion Portfolio Solutions LLC Sells 5,157 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Orion Portfolio Solutions LLC cut its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,737 shares of the financial services provider’s stock after selling 5,157 shares during the period. Orion Portfolio Solutions LLC owned 0.06% of Virtu Financial worth $3,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Virtu Financial during the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new position in shares of Virtu Financial during the fourth quarter valued at $28,000. Smartleaf Asset Management LLC boosted its holdings in Virtu Financial by 172.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 551 shares during the last quarter. Albion Financial Group UT acquired a new stake in Virtu Financial in the fourth quarter worth about $45,000. Finally, SBI Securities Co. Ltd. bought a new stake in Virtu Financial during the 4th quarter worth about $47,000. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, COO Brett Fairclough sold 72,967 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 90,749 shares in the company, valued at $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Cavoli sold 34,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $36.88, for a total transaction of $1,253,920.00. Following the completion of the sale, the executive vice president now directly owns 191,703 shares in the company, valued at $7,070,006.64. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,967 shares of company stock worth $5,213,964 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Virtu Financial Stock Up 0.1 %

Shares of NASDAQ VIRT opened at $37.76 on Monday. Virtu Financial, Inc. has a 52-week low of $20.15 and a 52-week high of $41.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The stock has a market cap of $5.85 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.43 and a beta of 0.57. The firm has a 50 day moving average price of $37.44 and a 200 day moving average price of $35.38.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

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

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.