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 dated 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 $5,899,669.23. The trade was a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 %

Shares of NASDAQ:VIRT opened at $37.73 on Wednesday. The firm has a 50 day simple moving average of $37.14 and a 200-day simple moving average of $34.08. Virtu Financial, Inc. has a twelve month low of $16.62 and a twelve month high of $41.38. 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 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 announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share 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%. On average, equities analysts predict that Virtu Financial, Inc. will post 3.01 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.24 dividend. 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 (DPR) is presently 32.32%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VIRT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Virtu Financial by 12.1% in the fourth 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 valued at $7,118,000 after acquiring an additional 21,503 shares during the period. Vident Advisory LLC raised its position in Virtu Financial by 124.2% in the 4th quarter. Vident Advisory LLC now owns 15,618 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 8,653 shares during the last quarter. Wexford Capital LP acquired a new stake in Virtu Financial during the 4th quarter worth $203,000. Two Sigma Investments LP grew its position in Virtu Financial by 9.6% during the 4th quarter. Two Sigma Investments LP now owns 834,400 shares of the financial services provider’s stock worth $29,771,000 after purchasing an additional 73,304 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Virtu Financial in the fourth quarter valued at $603,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VIRT shares. 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 report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of Virtu Financial from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Virtu Financial presently has a consensus rating of “Hold” and an average 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.