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 dated Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the completion of the transaction, the executive vice president now owns 157,703 shares in the company, valued at approximately $5,899,669.23. The trade was a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, February 14th, Stephen Cavoli sold 34,000 shares of Virtu Financial stock. The stock was sold at an average price of $36.88, for a total transaction of $1,253,920.00.

Virtu Financial Stock Up 1.4 %

VIRT opened at $38.27 on Thursday. 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 company has a market capitalization of $5.92 billion, a PE ratio of 12.89, a PEG ratio of 1.42 and a beta of 0.46. Virtu Financial, Inc. has a 1-year low of $16.62 and a 1-year high of $41.38. The firm’s 50 day simple moving average is $37.17 and its two-hundred day simple moving average is $34.10.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, topping 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, equities analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, February 28th. Virtu Financial’s dividend payout ratio (DPR) is presently 32.32%.

Institutional Trading of Virtu Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of Virtu Financial in the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new stake in Virtu Financial in the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its holdings in shares of Virtu Financial by 172.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 551 shares in the last quarter. Albion Financial Group UT bought a new position in shares of Virtu Financial during the 4th quarter valued at approximately $45,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Virtu Financial in the fourth quarter valued at $47,000. 45.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VIRT shares. Piper Sandler raised 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 increased their price objective 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.36.

About Virtu Financial

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.