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 company’s stock in a transaction 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 $7,070,006.64. This trade represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $37.41, for a total transaction of $1,271,940.00.

Virtu Financial Stock Performance

Virtu Financial stock opened at $37.05 on Friday. 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 firm has a 50-day moving average of $37.17 and a 200-day moving average of $34.13. The firm has a market cap of $5.73 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.45 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.

Virtu Financial (NASDAQ:VIRT) last posted 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%. Sell-side analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Dividend Announcement

The company 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 dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.59%. Virtu Financial’s dividend payout ratio is currently 32.32%.

Institutional Trading of Virtu Financial

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

Analyst Ratings Changes

Several analysts have issued reports on VIRT shares. Morgan Stanley upped their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a research 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 report on Tuesday, January 7th. Five equities research 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 company presently has a consensus rating of “Hold” and a consensus price target of $31.36.

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.