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 dated 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 $7,070,006.64. This represents a 15.06 % 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 Tuesday, February 18th, Stephen Cavoli sold 34,000 shares of Virtu Financial stock. The shares were sold at an average price of $37.41, for a total value of $1,271,940.00.

Virtu Financial Stock Performance

Shares of NASDAQ:VIRT traded up $0.96 during trading on Tuesday, hitting $37.73. 1,027,771 shares of the company were exchanged, compared to its average volume of 923,776. Virtu Financial, Inc. has a 52-week low of $16.62 and a 52-week high of $41.38. The stock has a 50 day moving average of $37.14 and a 200 day moving average of $34.08. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. The company has a market cap 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 released its quarterly earnings data 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 net margin of 9.61% and a return on equity of 27.39%. As a group, equities research analysts predict that Virtu Financial, Inc. will post 3.01 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 of this dividend is Friday, February 28th. Virtu Financial’s dividend payout ratio (DPR) is currently 32.32%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VIRT. Morgan Stanley raised 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 raised their price objective on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VIRT. SG Americas Securities LLC purchased a new position in shares of Virtu Financial during the 3rd quarter valued at about $228,000. Raymond James & Associates lifted its holdings in shares of Virtu Financial by 7.9% in the 3rd quarter. Raymond James & Associates now owns 298,418 shares of the financial services provider’s stock worth $9,090,000 after acquiring an additional 21,918 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Virtu Financial in the 3rd quarter valued at $207,000. Lecap Asset Management Ltd. purchased a new stake in shares of Virtu Financial in the 3rd quarter valued at $891,000. Finally, International Assets Investment Management LLC grew its stake in shares of Virtu Financial by 3,011.0% during the third quarter. International Assets Investment Management LLC now owns 53,914 shares of the financial services provider’s stock valued at $1,770,000 after buying an additional 52,181 shares during the last quarter. 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.