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 business’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 sale, the executive vice president now owns 191,703 shares of the company’s stock, valued at $7,070,006.64. The trade was 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 the SEC website.

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 value of $1,271,940.00.

Virtu Financial Price Performance

Virtu Financial stock opened at $37.73 on Wednesday. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.61 and a beta of 0.46. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The firm has a 50 day moving average price of $37.14 and a 200 day moving average price of $34.08. 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 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%. Sell-side analysts predict that Virtu Financial, Inc. will post 3.01 earnings per share for the current 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 given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Friday, February 28th. Virtu Financial’s dividend payout ratio is currently 32.32%.

Institutional Trading of Virtu Financial

Several hedge funds have recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in shares of Virtu Financial in the fourth quarter worth approximately $25,000. Kestra Investment Management LLC bought a new stake in shares of Virtu Financial during the 4th quarter worth $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 acquired a new stake in Virtu Financial in the 4th quarter valued at approximately $45,000. Finally, SBI Securities Co. Ltd. bought a new position in Virtu Financial during the fourth quarter worth $47,000. Institutional investors own 45.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley upped their price objective on 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 boosted 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Virtu Financial currently has a consensus rating of “Hold” and a consensus target price 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.