Virtu Financial (NASDAQ:VIRT) EVP Sells $1,128,300.00 in Stock

Virtu Financial, Inc. (NASDAQ:VIRT) EVP Stephen Cavoli sold 30,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $37.61, for a total transaction of $1,128,300.00. Following the transaction, the executive vice president owned 174,561 shares of the company’s stock, valued at approximately $6,565,239.21. This represents a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Stephen Cavoli also recently made the following trade(s):

• On Wednesday, February 11th, Stephen Cavoli sold 11,630 shares of Virtu Financial stock. The stock was sold at an average price of $38.66, for a total value of $449,615.80.

Virtu Financial Stock Performance

Shares of NASDAQ VIRT opened at $38.38 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a 50 day moving average price of $35.69 and a 200 day moving average price of $36.45. The stock has a market capitalization of $5.87 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. Virtu Financial, Inc. has a 52 week low of $31.55 and a 52 week high of $45.77.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.73. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The company had revenue of $969.89 million for the quarter, compared to analysts’ expectations of $513.51 million. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 16.3% compared to the same quarter last year. Analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.24 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. Virtu Financial’s dividend payout ratio (DPR) is currently 18.71%.

Hedge Funds Weigh In On Virtu Financial

Several institutional investors and hedge funds have recently made changes to their positions in VIRT. Yousif Capital Management LLC lifted its holdings in Virtu Financial by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 29,986 shares of the financial services provider’s stock worth $1,343,000 after purchasing an additional 227 shares during the last quarter. Optimist Retirement Group LLC increased its position in Virtu Financial by 3.5% during the 4th quarter. Optimist Retirement Group LLC now owns 8,277 shares of the financial services provider’s stock worth $276,000 after buying an additional 279 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Virtu Financial by 96.0% during the second quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock worth $26,000 after buying an additional 285 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Virtu Financial by 18.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,868 shares of the financial services provider’s stock worth $62,000 after buying an additional 291 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Virtu Financial by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,237 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Analysts Set New Price Targets

VIRT has been the topic of a number of research analyst reports. Piper Sandler upped their target price on shares of Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, October 28th. The Goldman Sachs Group lifted their target price on Virtu Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, Morgan Stanley increased their price target on Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Virtu Financial presently has a consensus rating of “Hold” and a consensus price target of $43.00.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.