Virtu Financial, Inc. (NASDAQ:VIRT) EVP Stephen Cavoli Sells 34,000 Shares

Virtu Financial, Inc. (NASDAQ:VIRT) EVP Stephen Cavoli sold 34,000 shares of the company’s 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 owns 191,703 shares of the company’s stock, valued at approximately $7,070,006.64. The trade was a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stephen Cavoli also recently made the following trade(s):

• On Tuesday, February 18th, Stephen Cavoli sold 34,000 shares of Virtu Financial stock. The shares were sold at an average price of $37.41, for a total transaction of $1,271,940.00.

Virtu Financial Trading Up 2.6 %

Shares of Virtu Financial stock opened at $37.73 on Wednesday. Virtu Financial, Inc. has a twelve month low of $16.62 and a twelve month high of $41.38. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. The business has a 50-day moving average price of $37.14 and a 200-day moving average price of $34.08. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.61 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. Equities research analysts anticipate that Virtu Financial, Inc. will post 3.01 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. Virtu Financial’s payout ratio is 32.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley raised their price target on Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Piper Sandler lifted their target price on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Virtu Financial currently has an average rating of “Hold” and a consensus price target of $31.36.

Hedge Funds Weigh In On Virtu Financial

Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Virtu Financial by 12.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,490 shares of the financial services provider’s stock valued at $7,118,000 after purchasing an additional 21,503 shares in the last quarter. Vident Advisory LLC boosted its holdings in Virtu Financial by 124.2% in the fourth quarter. Vident Advisory LLC now owns 15,618 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 8,653 shares in the last quarter. Wexford Capital LP purchased a new stake in Virtu Financial during the 4th quarter worth approximately $203,000. Two Sigma Investments LP grew its holdings in shares of Virtu Financial by 9.6% during the fourth quarter. Two Sigma Investments LP now owns 834,400 shares of the financial services provider’s stock valued at $29,771,000 after buying an additional 73,304 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Virtu Financial in the fourth quarter valued at about $603,000. 45.78% of the stock is owned by hedge funds and other institutional investors.

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.