14,400 Virtu Financial, Inc. $VIRT Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Virtu Financial, Inc. (NYSE:VIRT) by 85.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,200 shares of the company’s stock after purchasing an additional 14,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Virtu Financial were worth $1,721,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Virtu Financial by 41.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company’s stock valued at $85,607,000 after purchasing an additional 569,057 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Virtu Financial by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,920,590 shares of the company’s stock worth $84,458,000 after buying an additional 19,888 shares during the period. Wellington Management Group LLP grew its position in shares of Virtu Financial by 39.8% in the 2nd quarter. Wellington Management Group LLP now owns 782,114 shares of the company’s stock worth $46,591,000 after buying an additional 222,859 shares during the last quarter. Bank of America Corp DE grew its position in shares of Virtu Financial by 115.4% in the 1st quarter. Bank of America Corp DE now owns 672,405 shares of the company’s stock worth $29,572,000 after buying an additional 360,288 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Virtu Financial by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 628,693 shares of the company’s stock worth $27,650,000 after buying an additional 4,183 shares during the last quarter. 45.78% of the stock is owned by institutional investors.

Virtu Financial Stock Performance

Shares of VIRT opened at $53.34 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.45 and a quick ratio of 0.45. Virtu Financial, Inc. has a one year low of $31.55 and a one year high of $68.76. The company has a 50-day simple moving average of $58.35 and a two-hundred day simple moving average of $52.17. The firm has a market capitalization of $8.28 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.39 and a beta of 0.67.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen downgraded Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley dropped their price target on Virtu Financial from $57.00 to $56.00 and set an “underweight” rating for the company in a research note on Friday, October 9th. JPMorgan Chase & Co. upgraded shares of Virtu Financial from a “neutral” rating to an “overweight” rating and set a $84.00 price target on the stock in a report on Monday, October 5th. Piper Sandler reissued an “overweight” rating on shares of Virtu Financial in a research report on Friday, October 2nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Virtu Financial in a research report on Wednesday, August 26th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.25.

Insider Activity at Virtu Financial

In other news, Director John Nixon sold 9,094 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $60.13, for a total value of $546,822.22. Following the completion of the transaction, the director owned 30,902 shares of the company’s stock, valued at approximately $1,858,137.26. This represents a 22.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Grano, Jr. sold 8,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total value of $511,896.00. Following the completion of the transaction, the director owned 33,814 shares of the company’s stock, valued at approximately $2,060,625.16. The trade was a 19.90% decrease in their position. The SEC filing for this sale provides additional information. 46.76% of the stock is currently owned by corporate insiders.

Virtu Financial Company Profile

Virtu Financial, Inc is a global financial services company that provides liquidity, trading, and technology solutions to the financial markets. Through its market-making business, Virtu facilitates trading in a broad range of products, including equities, exchange-traded funds, options, fixed income, foreign exchange, commodities, and certain digital assets.

The company also operates an execution services business that provides trading and workflow technology to institutional investors, asset managers, broker-dealers, and other financial institutions.