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 on Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total value of $1,271,940.00. Following the completion of the transaction, the executive vice president now owns 157,703 shares of the company’s stock, valued at approximately $5,899,669.23. This represents a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Virtu Financial Stock Up 2.6 %

VIRT stock opened at $37.73 on Wednesday. Virtu Financial, Inc. has a 12 month low of $16.62 and a 12 month high of $41.38. The firm has a 50 day simple moving average of $37.14 and a 200 day simple moving average of $34.08. The firm has a market cap of $5.83 billion, a PE ratio of 12.70, a P/E/G ratio of 1.61 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 (NASDAQ:VIRT) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, topping 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 forecast that Virtu Financial, Inc. will post 3.01 earnings per share 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 given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, February 28th. Virtu Financial’s payout ratio is 32.32%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VIRT. 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 upped their price target on Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Virtu Financial presently has a consensus 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 added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 worth $7,118,000 after buying an additional 21,503 shares during the period. Vident Advisory LLC lifted its holdings in shares of Virtu Financial by 124.2% during the 4th 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 during the period. Wexford Capital LP acquired a new stake in Virtu Financial during the fourth quarter valued at approximately $203,000. Two Sigma Investments LP boosted its stake in Virtu Financial by 9.6% in the 4th 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 in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Virtu Financial in the 4th quarter worth about $603,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

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.