Virtu Financial, Inc. (NASDAQ:VIRT – Get Free Report) EVP Stephen Cavoli sold 11,630 shares of the firm’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 transaction of $449,615.80. Following the transaction, the executive vice president directly owned 204,561 shares in the company, 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 document filed with the SEC, 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 shares were sold at an average price of $37.61, for a total value of $1,128,300.00.
Virtu Financial Trading Up 2.1%
VIRT opened at $38.38 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average is $35.69 and its two-hundred day moving average is $36.57. The company has a market capitalization 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, Inc. has a 52 week low of $31.55 and a 52 week high of $45.77.
Virtu Financial (NASDAQ:VIRT – Get Free Report) 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 analysts’ consensus estimates of $1.12 by $0.73. The business had revenue of $969.89 million for the quarter, compared to the consensus estimate of $513.51 million. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 EPS. Analysts forecast 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 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, February 27th. Virtu Financial’s dividend payout ratio is presently 18.71%.
Hedge Funds Weigh In On Virtu Financial
Large investors have recently made changes to their positions in the business. Bessemer Group Inc. lifted its holdings in shares of 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 during the last quarter. Rothschild Investment LLC increased its position in Virtu Financial by 3,460.0% during the 3rd quarter. Rothschild Investment LLC now owns 712 shares of the financial services provider’s stock valued at $25,000 after buying an additional 692 shares in the last quarter. Assetmark Inc. raised its stake in Virtu Financial by 258.3% in the third quarter. Assetmark Inc. now owns 713 shares of the financial services provider’s stock valued at $25,000 after buying an additional 514 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Virtu Financial by 103.8% in the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 387 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in Virtu Financial by 480.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 836 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 692 shares in the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Virtu Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Piper Sandler upped their target price on Virtu Financial from $51.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Morgan Stanley lifted their price target on Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a report on Thursday, January 22nd. Finally, Bank of America upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.00.
Check Out Our Latest Report on Virtu Financial
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.
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