Virtu Financial, Inc. (NASDAQ:VIRT) EVP Stephen Cavoli Sells 34,000 Shares

Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $36.88, for a total transaction of $1,253,920.00. Following the transaction, the executive vice president now owns 191,703 shares in the company, valued at approximately $7,070,006.64. This represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $1,271,940.00.

Virtu Financial Stock Down 4.5 %

Shares of VIRT traded down $1.66 during midday trading on Friday, hitting $35.39. 1,184,443 shares of the company's stock traded hands, compared to its average volume of 962,419. 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 stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.47 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. The firm's fifty day moving average is $37.15 and its 200-day moving average is $34.18.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. As a group, sell-side analysts anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, February 28th. Virtu Financial's dividend payout ratio (DPR) is presently 32.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VIRT shares. Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research 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 report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $31.36.

Institutional Trading of Virtu Financial

Several large investors have recently bought and sold shares of VIRT. Blue Trust Inc. raised its holdings in shares of Virtu Financial by 13.0% in the fourth quarter. Blue Trust Inc. now owns 2,794 shares of the financial services provider's stock worth $100,000 after buying an additional 322 shares during the last quarter. Mariner LLC raised its stake in Virtu Financial by 4.2% in the 4th quarter. Mariner LLC now owns 8,074 shares of the financial services provider's stock worth $288,000 after acquiring an additional 324 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in Virtu Financial by 1.2% during the 4th quarter. Hanseatic Management Services Inc. now owns 30,132 shares of the financial services provider's stock worth $1,075,000 after acquiring an additional 371 shares during the period. Cerity Partners LLC grew its stake in Virtu Financial by 2.7% during the 4th quarter. Cerity Partners LLC now owns 14,826 shares of the financial services provider's stock valued at $516,000 after purchasing an additional 392 shares during the last quarter. Finally, Atlas Capital Advisors Inc. grew its stake in Virtu Financial by 2.2% during the 4th quarter. Atlas Capital Advisors Inc. now owns 19,635 shares of the financial services provider's stock valued at $701,000 after purchasing an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 45.78% of the company's stock.

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.