Virtu Financial (VIRT) Now Covered by Jefferies Group

Equities researchers at Jefferies Group started coverage on shares of Virtu Financial (NASDAQ:VIRT) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $37.00 price target on the financial services provider’s stock. Jefferies Group’s target price would suggest a potential upside of 24.58% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Sandler O’Neill increased their price objective on Virtu Financial from $19.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. UBS set a $31.00 target price on Virtu Financial and gave the company a “buy” rating in a report on Monday, February 12th. BidaskClub upgraded Virtu Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. ValuEngine upgraded Virtu Financial from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered Virtu Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, April 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.33.

Shares of NASDAQ:VIRT opened at $29.70 on Wednesday. Virtu Financial has a one year low of $13.10 and a one year high of $37.85. The firm has a market cap of $5.48 billion, a PE ratio of 52.11 and a beta of -0.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.66 and a quick ratio of 0.66.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Friday, May 4th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. Virtu Financial had a return on equity of 20.32% and a net margin of 11.08%. The company had revenue of $406.10 million during the quarter, compared to the consensus estimate of $307.24 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 190.9% compared to the same quarter last year. equities research analysts expect that Virtu Financial will post 2.06 EPS for the current year.

Virtu Financial announced that its board has initiated a share buyback plan on Thursday, February 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, major shareholder Holdings (Private) Ltd Temasek sold 3,450,000 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $27.16, for a total value of $93,702,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tjmt Holdings Llc sold 3,281,250 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $27.16, for a total value of $89,118,750.00. The disclosure for this sale can be found here. 73.50% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in VIRT. North Island ManageCo LLC purchased a new stake in shares of Virtu Financial during the fourth quarter worth $733,173,000. Delek Group Ltd. purchased a new stake in shares of Virtu Financial during the fourth quarter worth $10,993,000. Summit Trail Advisors LLC raised its holdings in shares of Virtu Financial by 2,855.4% during the first quarter. Summit Trail Advisors LLC now owns 478,953 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 462,747 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Virtu Financial during the fourth quarter worth $7,617,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Virtu Financial by 66.5% during the third quarter. Dimensional Fund Advisors LP now owns 558,012 shares of the financial services provider’s stock worth $9,040,000 after acquiring an additional 222,843 shares in the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

Virtu Financial Company Profile

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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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