Insider Selling: Virtu Financial (NASDAQ:VIRT) EVP Sells $449,615.80 in Stock

Virtu Financial, Inc. (NASDAQ:VIRT) EVP Stephen Cavoli sold 11,630 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $38.66, for a total value of $449,615.80. Following the transaction, the executive vice president owned 204,561 shares of the company’s stock, valued at approximately $7,908,328.26. This trade represents a 5.38% decrease in their ownership of the stock. The sale 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 Thursday, February 12th, Stephen Cavoli sold 30,000 shares of Virtu Financial stock. The stock was sold at an average price of $37.61, for a total transaction of $1,128,300.00.

Virtu Financial Price Performance

NASDAQ:VIRT opened at $38.38 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49. Virtu Financial, Inc. has a one year low of $31.55 and a one year high of $45.77. The company has a fifty day moving average price of $35.69 and a 200 day moving average price of $36.45. The stock has a market cap of $5.87 billion, a P/E ratio of 11.09, a PEG ratio of 1.14 and a beta of 0.61.

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

Virtu Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VIRT shares. Morgan Stanley increased their price objective on shares of Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group increased their price target on shares of Virtu Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Piper Sandler raised their price target on shares of Virtu Financial from $51.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, 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. 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. According to data from MarketBeat.com, Virtu Financial presently has a consensus rating of “Hold” and a consensus target price of $43.00.

Hedge Funds Weigh In On Virtu Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its holdings in shares of Virtu Financial by 3,460.0% during the third quarter. Rothschild Investment LLC now owns 712 shares of the financial services provider’s stock worth $25,000 after buying an additional 692 shares in the last quarter. Assetmark Inc. grew its position in Virtu Financial by 258.3% during the 3rd quarter. Assetmark Inc. now owns 713 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 514 shares during the last quarter. Bessemer Group Inc. increased its holdings in Virtu Financial by 96.0% during the 2nd quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 285 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in Virtu Financial by 480.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 836 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 692 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Virtu Financial by 103.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 387 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

About Virtu Financial

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.