Shares of Virtu Financial, Inc. (NASDAQ: VIRT) have received an average rating of “Hold” from the seven research companies that currently cover the company, reports MarketBeat Ratings. One equity research analyst rated the stock with a sell rating, three assigned a conservation rating, and two issued a buy rating on the company. The twelve-month average price target among brokerage firms that reported on the stock in the past year is $ 30.07.
Several stock analysts recently published reports on the company. Morgan Stanley raised its price target on Virtu Financial from $ 25.00 to $ 26.00 and rated the stock “underweight” in a report released on Wednesday, March 31. Piper Sandler raised her price target on Virtu Financial from $ 33.00 to $ 35 and rated the stock “overweight” in a report released on Thursday April 8th. Citigroup raised its price target on Virtu Financial from $ 29 to $ 32.50 in a report released on Tuesday, April 20. Zacks Investment Research downgraded Virtu Financial from a “buy” rating to a “hold” rating and set a price target of $ 30.00 for the company. in a report on Tuesday, June 22. Finally, Rosenblatt Securities raised its price target on Virtu Financial from $ 32.00 to $ 35.00 and gave the stock a “buy” rating in a report released on Monday, April 5.
In other Virtu Financial news, COO Brett Fairclough sold 125,000 shares of the company in a deal dated Thursday, May 13. The stock was sold at an average price of $ 28.85, for a total trade of $ 3,606,250.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through the SEC website. 49.50% of the shares are currently held by insiders.
A number of hedge funds have recently bought and sold shares in the company. Intrust Bank NA acquired a new stake in Virtu Financial during the first quarter for a value of approximately $ 249,000. Principal Financial Group Inc. purchased a new equity stake in Virtu Financial in the first quarter valued at approximately $ 219,000. Colony Group LLC strengthened its position in Virtu Financial shares by 84.5% in the first quarter. Colony Group LLC now owns 27,197 shares of the financial services provider valued at $ 844,000 after purchasing an additional 12,455 shares during the period. Gillson Capital LP increased its position in Virtu Financial shares by 4.4% in the first quarter. Gillson Capital LP now owns 58,043 shares of the financial services provider valued at $ 1,802,000 after purchasing an additional 2,424 shares during the period. Finally, TownSquare Capital LLC strengthened its position in Virtu Financial shares by 201.0% in the first quarter. TownSquare Capital LLC now owns 24,041 shares of the financial services provider valued at $ 747,000 after purchasing an additional 16,054 shares during the period. 56.80% of the shares are held by hedge funds and other institutional investors.
Virtu Financial stock opened at $ 27.49 on Thursday. The company has a leverage ratio of 0.80, a quick ratio of 0.69, and a current ratio of 0.69. Virtu Financial has a one-year low at $ 21.03 and a one-year high at $ 32.35. The stock has a market cap of $ 5.22 billion, a P / E ratio of 5.22 and a beta of -0.29. The company has a 50-day simple moving average of $ 29.02.
Virtu Financial (NASDAQ: VIRT) last released its quarterly earnings data on Tuesday, May 4. The financial services provider reported earnings per share (EPS) of $ 2.04 for the quarter, beating the consensus estimate of $ 1.30 by $ 0.74. The company posted revenue of $ 728.03 million in the quarter, compared to analysts’ expectations of $ 482.85 million. Virtu Financial recorded a return on equity of 45.67% and a net margin of 20.53%. Virtu Financial’s revenue was down 7.2% year-on-year. During the same period of the previous year, the company posted earnings of $ 2.05 per share. Research analysts expect Virtu Financial to post an EPS of 4.15 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 15. Shareholders of record on Tuesday, June 1 received a dividend of $ 0.24 per share. This represents a dividend of $ 0.96 on an annualized basis and a return of 3.49%. The ex-dividend date was Friday May 28. Virtu Financial’s dividend payout ratio (DPR) is currently 16.67%.
About Virtu Financière
Virtu Financial, Inc., a financial services company, provides execution services and data, analytics and connectivity products to clients around the world. Its product suite includes execution, liquidity research, analysis and neutral platform offerings for brokers and multi-traders in workflow technology. The company’s solutions allow clients to trade at a variety of venues across countries and across multiple asset classes, including global equities, ETFs, currencies, futures, fixed income and other raw materials.
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