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

Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) EVP Stephen Cavoli sold 34,000 shares of Virtu Financial stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total value of $1,271,940.00. Following the completion of the sale, the executive vice president now directly owns 157,703 shares in the company, valued at approximately $5,899,669.23. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $36.88, for a total transaction of $1,253,920.00.

Virtu Financial Trading Down 4.5 %

NASDAQ:VIRT traded down $1.66 during mid-day trading on Friday, hitting $35.39. 1,184,443 shares of the stock traded hands, compared to its average volume of 962,419. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. Virtu Financial, Inc. has a 52 week low of $16.62 and a 52 week high of $41.38. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.47 and a beta of 0.46. The firm's 50 day moving average is $37.15 and its two-hundred day moving average is $34.18.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its 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%. On average, equities research analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

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

Analyst Upgrades and Downgrades

VIRT has been the subject of several research reports. Piper Sandler increased their price objective 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. Morgan Stanley increased 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.36.

Institutional Trading of Virtu Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new position in Virtu Financial in the 4th quarter worth about $25,000. Kestra Investment Management LLC purchased a new stake in Virtu Financial in the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC grew its stake in Virtu Financial by 172.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after acquiring an additional 551 shares in the last quarter. Albion Financial Group UT purchased a new position in shares of Virtu Financial during the fourth quarter worth approximately $45,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Virtu Financial during the fourth quarter valued at approximately $47,000. 45.78% of the stock is currently owned by institutional investors.

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.