ValuEngine upgraded shares of Virtu Financial (NASDAQ:VIRT) from a hold rating to a buy rating in a research note issued to investors on Wednesday.
Several other research analysts have also weighed in on VIRT. BidaskClub upgraded shares of Virtu Financial from a sell rating to a hold rating in a research report on Thursday, November 1st. Jefferies Financial Group restated a buy rating and set a $25.00 target price on shares of Virtu Financial in a research report on Monday, July 30th. Zacks Investment Research lowered shares of Virtu Financial from a hold rating to a sell rating in a research report on Friday, October 12th. Sandler O’Neill restated a buy rating and set a $27.00 target price on shares of Virtu Financial in a research report on Friday, July 27th. Finally, Morgan Stanley assumed coverage on shares of Virtu Financial in a research report on Wednesday, August 8th. They set an equal weight rating and a $22.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $30.09.
VIRT traded down $0.51 on Wednesday, hitting $24.51. 1,587,449 shares of the company were exchanged, compared to its average volume of 1,435,594. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70. Virtu Financial has a fifty-two week low of $14.98 and a fifty-two week high of $37.85. The firm has a market capitalization of $4.87 billion, a P/E ratio of 17.77, a PEG ratio of 3.63 and a beta of -0.95.
Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Wednesday, November 7th. The financial services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Virtu Financial had a net margin of 12.32% and a return on equity of 19.98%. The company had revenue of $177.92 million for the quarter, compared to analyst estimates of $171.99 million. During the same period in the prior year, the business posted $0.08 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Virtu Financial will post 1.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 3.92%. Virtu Financial’s dividend payout ratio is presently 168.42%.
Several hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new stake in shares of Virtu Financial in the third quarter valued at approximately $208,000. Gratus Capital LLC grew its position in shares of Virtu Financial by 44.8% in the third quarter. Gratus Capital LLC now owns 280,734 shares of the financial services provider’s stock valued at $5,741,000 after purchasing an additional 86,890 shares during the last quarter. FMR LLC grew its position in shares of Virtu Financial by 91.8% in the third quarter. FMR LLC now owns 6,885,873 shares of the financial services provider’s stock valued at $140,816,000 after purchasing an additional 3,296,672 shares during the last quarter. Ffcm LLC acquired a new stake in shares of Virtu Financial in the third quarter valued at approximately $1,093,000. Finally, Blue Sky Asset Management LLC acquired a new stake in shares of Virtu Financial in the third quarter valued at approximately $636,000. Institutional investors and hedge funds own 53.90% of the company’s stock.
Virtu Financial Company Profile
Virtu Financial, Inc engages in the business of buying and selling of securities and other financial instruments. It offers market making and trading solutions. The company was founded by Vincent Viola in 2008 and is headquartered in New York, NY.
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