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 Virtu Financial stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the sale, the executive vice president now directly owns 157,703 shares of the company’s stock, valued at $5,899,669.23. This represents a 17.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $1,253,920.00.

Virtu Financial Price Performance

Shares of NASDAQ VIRT traded up $0.96 during midday trading on Tuesday, hitting $37.73. The stock had a trading volume of 1,027,771 shares, compared to its average volume of 923,776. Virtu Financial, Inc. has a 1 year low of $16.62 and a 1 year 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 stock has a 50 day simple moving average of $37.14 and a 200-day simple moving average of $34.08. The company has a market capitalization of $5.83 billion, a PE ratio of 12.70, a P/E/G ratio of 1.61 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share 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%. On average, sell-side analysts expect that Virtu Financial, Inc. will post 3.01 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

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

Institutional Trading of Virtu Financial

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

Analysts Set New Price Targets

Several research firms have recently commented on VIRT. Morgan Stanley boosted their price target on shares of 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 upped their price target on shares of 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.