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

Virtu Financial, Inc. (NASDAQ:VIRT) EVP Stephen Cavoli sold 34,000 shares of the firm’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 value of $1,253,920.00. Following the transaction, the executive vice president now owns 191,703 shares in the company, valued at $7,070,006.64. This represents a 15.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $1,271,940.00.

Virtu Financial Trading Up 1.4 %

Shares of VIRT stock opened at $38.27 on Thursday. The business’s fifty day moving average price is $37.17 and its 200 day moving average price is $34.10. The firm has a market capitalization of $5.92 billion, a PE ratio of 12.89, a P/E/G ratio of 1.42 and a beta of 0.46. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. Virtu Financial, Inc. has a 1-year low of $16.62 and a 1-year high of $41.38.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) 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, sell-side analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s dividend payout ratio is currently 32.32%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VIRT shares. Piper Sandler increased their price target on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Morgan Stanley increased their price objective on Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. 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, the stock presently has an average rating of “Hold” and a consensus price target of $31.36.

Hedge Funds Weigh In On Virtu Financial

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

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.