Virtu Financial, Inc. (NASDAQ:VIRT) Stock Position Lowered by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. lessened its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,650 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Virtu Financial were worth $743,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its position in shares of Virtu Financial by 112.3% in the 4th quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,127 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Virtu Financial by 1,867.8% in the 4th quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 3,885 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Virtu Financial in the 3rd quarter valued at approximately $184,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Virtu Financial in the 3rd quarter valued at approximately $195,000. Finally, Nisa Investment Advisors LLC increased its stake in Virtu Financial by 212.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,600 shares of the financial services provider’s stock valued at $269,000 after buying an additional 10,600 shares during the period. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Performance

NASDAQ:VIRT traded up $0.23 during midday trading on Monday, reaching $22.77. The stock had a trading volume of 769,424 shares, compared to its average volume of 1,089,904. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $22.88. The firm’s fifty day simple moving average is $20.30 and its 200-day simple moving average is $19.05. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market capitalization of $3.58 billion, a P/E ratio of 15.92, a PEG ratio of 0.51 and a beta of 0.38.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be paid a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.22%. Virtu Financial’s payout ratio is presently 67.13%.

Insider Activity at Virtu Financial

In related news, CEO Douglas A. Cifu purchased 50,000 shares of Virtu Financial stock in a transaction on Wednesday, February 7th. The stock was purchased at an average cost of $16.21 per share, with a total value of $810,500.00. Following the acquisition, the chief executive officer now directly owns 584,132 shares in the company, valued at $9,468,779.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 44.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VIRT shares. StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Morgan Stanley increased their price target on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group increased their price target on shares of Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a research note on Friday, April 26th. UBS Group dropped their price target on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Finally, Piper Sandler increased their price target on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Virtu Financial currently has a consensus rating of “Hold” and a consensus price target of $22.24.

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.