9,632 Shares in Virtu Financial, Inc. (NASDAQ:VIRT) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in Virtu Financial, Inc. (NASDAQ:VIRT) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 9,632 shares of the financial services provider’s stock, valued at approximately $344,000.

A number of other institutional investors also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Virtu Financial by 24.6% during the 4th quarter. LPL Financial LLC now owns 73,342 shares of the financial services provider’s stock worth $2,617,000 after acquiring an additional 14,490 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Virtu Financial during the fourth quarter worth approximately $1,242,000. Sei Investments Co. lifted its position in shares of Virtu Financial by 4.9% during the 4th quarter. Sei Investments Co. now owns 319,763 shares of the financial services provider’s stock worth $11,409,000 after buying an additional 14,975 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Virtu Financial by 533.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 73,003 shares of the financial services provider’s stock valued at $2,584,000 after buying an additional 61,477 shares in the last quarter. Finally, GLOBALT Investments LLC GA purchased a new position in shares of Virtu Financial in the 4th quarter valued at $3,416,000. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Stock Down 3.2 %

Virtu Financial stock opened at $38.54 on Thursday. Virtu Financial, Inc. has a twelve month low of $20.13 and a twelve month high of $41.38. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average of $37.41 and a two-hundred day moving average of $35.26. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.43 and a beta of 0.57.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.49%. Virtu Financial’s dividend payout ratio is currently 32.32%.

Analyst Ratings Changes

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

Insider Activity at Virtu Financial

In other news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction that occurred 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 represents a 15.06 % decrease in their position. The sale was disclosed in a filing 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 value of $2,688,104.28. Following the completion of the sale, 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 a total of 140,967 shares of company stock worth $5,213,964 over the last 90 days. Company insiders own 46.70% of the company’s stock.

Virtu Financial Company 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.