ValuEngine upgraded shares of Virtu Financial (NASDAQ:VIRT) from a hold rating to a buy rating in a research report sent to investors on Monday, February 4th.
A number of other equities analysts have also recently issued reports on VIRT. Zacks Investment Research cut shares of Virtu Financial from a hold rating to a sell rating in a research note on Friday, October 12th. BidaskClub upgraded shares of Virtu Financial from a sell rating to a hold rating in a research note on Thursday, November 1st. Morgan Stanley increased their price objective on shares of Virtu Financial from $22.00 to $28.00 and gave the company a hold rating in a research note on Wednesday, November 14th. Finally, Goldman Sachs Group upgraded shares of Virtu Financial from a neutral rating to a buy rating and set a $29.00 price objective for the company in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Virtu Financial presently has a consensus rating of Hold and an average price target of $29.40.
NASDAQ:VIRT traded up $0.45 during trading hours on Monday, hitting $25.59. 396,177 shares of the company traded hands, compared to its average volume of 774,714. Virtu Financial has a twelve month low of $19.65 and a twelve month high of $37.85. The stock has a market cap of $4.87 billion, a P/E ratio of 13.06, a PEG ratio of 2.99 and a beta of -0.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.60.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Virtu Financial had a net margin of 15.39% and a return on equity of 24.91%. The company had revenue of $299.20 million during the quarter, compared to analysts’ expectations of $292.87 million. During the same quarter in the prior year, the company posted $0.22 EPS. The business’s revenue was up 26.1% on a year-over-year basis. As a group, equities research analysts anticipate that Virtu Financial will post 1.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Thursday, February 28th. Virtu Financial’s payout ratio is 48.98%.
In other news, CEO Douglas A. Cifu sold 127,088 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $26.31, for a total value of $3,343,685.28. Following the sale, the chief executive officer now owns 138,544 shares of the company’s stock, valued at approximately $3,645,092.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 73.50% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in Virtu Financial during the 3rd quarter worth about $5,460,000. United Services Automobile Association grew its holdings in Virtu Financial by 102.6% during the 2nd quarter. United Services Automobile Association now owns 12,978 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 6,571 shares during the last quarter. BlackRock Inc. grew its holdings in Virtu Financial by 8.0% during the 2nd quarter. BlackRock Inc. now owns 2,268,190 shares of the financial services provider’s stock worth $60,220,000 after acquiring an additional 167,624 shares during the last quarter. Vanguard Group Inc grew its holdings in Virtu Financial by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 6,399,422 shares of the financial services provider’s stock worth $130,869,000 after acquiring an additional 201,144 shares during the last quarter. Finally, Ffcm LLC bought a new stake in Virtu Financial during the 3rd quarter worth about $1,070,000. 56.83% of the stock is currently owned by hedge funds and other institutional investors.
About Virtu Financial
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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