Moran Wealth Management LLC Takes $245,000 Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Moran Wealth Management LLC acquired a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,857 shares of the financial services provider’s stock, valued at approximately $245,000.

A number of other hedge funds have also recently added to or reduced their stakes in VIRT. AlphaQuest LLC lifted its position in shares of Virtu Financial by 2,749.7% in the 4th quarter. AlphaQuest LLC now owns 4,702 shares of the financial services provider’s stock worth $168,000 after buying an additional 4,537 shares during the last quarter. Amundi acquired a new stake in Virtu Financial during the fourth quarter worth about $3,261,000. PNC Financial Services Group Inc. lifted its holdings in Virtu Financial by 98.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,153 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 6,535 shares during the last quarter. Edgestream Partners L.P. boosted its stake in Virtu Financial by 538.4% in the fourth quarter. Edgestream Partners L.P. now owns 193,812 shares of the financial services provider’s stock valued at $6,915,000 after acquiring an additional 163,454 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Virtu Financial during the fourth quarter valued at approximately $12,196,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Insider Activity

In other Virtu Financial news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $36.88, for a total transaction of $1,253,920.00. Following the completion of the transaction, the executive vice president now directly owns 191,703 shares of the company’s stock, valued at approximately $7,070,006.64. This trade represents a 15.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total value of $2,688,104.28. Following the transaction, the chief operating officer now owns 90,749 shares in the company, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,967 shares of company stock worth $5,213,964 over the last three months. Corporate insiders own 46.70% of the company’s stock.

Virtu Financial Stock Down 0.4 %

VIRT opened at $35.38 on Thursday. The stock’s 50 day moving average price is $37.15 and its 200 day moving average price is $34.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. The stock has a market cap of $5.48 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.43 and a beta of 0.57. Virtu Financial, Inc. has a 12 month low of $18.72 and a 12 month high of $41.38.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.71%. Virtu Financial’s dividend payout ratio (DPR) is 32.32%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VIRT. Morgan Stanley increased their price target on Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Piper Sandler increased their target price on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.36.

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.