Insider Selling: Virtu Financial, Inc. (NASDAQ:VIRT) EVP Sells $1,253,920.00 in Stock

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

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 Trading Down 3.2 %

Shares of VIRT stock opened at $37.05 on Friday. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.45 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 company’s fifty day simple moving average is $37.17 and its two-hundred day simple moving average is $34.13. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate 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, analysts anticipate that Virtu Financial, Inc. will post 3.13 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.59%. Virtu Financial’s payout ratio is currently 32.32%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Virtu Financial in the fourth quarter worth $25,000. Kestra Investment Management LLC purchased a new position in Virtu Financial in the fourth quarter worth $28,000. Smartleaf Asset Management LLC grew its position in Virtu Financial by 172.7% in the fourth 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 Virtu Financial in the fourth quarter worth $45,000. Finally, SBI Securities Co. Ltd. purchased a new position in Virtu Financial in the fourth quarter worth $47,000. Institutional investors own 45.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VIRT shares. Morgan Stanley upped their price objective on Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Piper Sandler boosted their target price on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.36.

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.