Virtu Financial (NASDAQ:VIRT) had its price objective trimmed by UBS Group from $36.00 to $32.00 in a report issued on Tuesday, AnalystRatings.com reports. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other research firms also recently commented on VIRT. Morgan Stanley set a $27.00 price objective on Virtu Financial and gave the company a hold rating in a report on Friday, January 4th. BidaskClub downgraded Virtu Financial from a strong-buy rating to a buy rating in a report on Wednesday, January 9th. Zacks Investment Research downgraded Virtu Financial from a buy rating to a hold rating in a report on Saturday, January 19th. Goldman Sachs Group upgraded Virtu Financial from a neutral rating to a buy rating and set a $29.00 price objective for the company in a report on Friday, January 4th. Finally, ValuEngine downgraded Virtu Financial from a buy rating to a hold rating in a report on Tuesday, February 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $29.36.
Shares of VIRT opened at $24.42 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.61. Virtu Financial has a 12-month low of $19.65 and a 12-month high of $37.85. The firm has a market cap of $4.59 billion, a PE ratio of 12.46, a PEG ratio of 2.94 and a beta of -0.73.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. Virtu Financial had a return on equity of 24.62% and a net margin of 15.39%. The business had revenue of $299.20 million for the quarter, compared to analyst estimates of $292.87 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. Research analysts anticipate that Virtu Financial will post 1.68 EPS for the current fiscal year.
In related news, CEO Douglas A. Cifu sold 127,088 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $26.31, for a total value of $3,343,685.28. Following the completion of the sale, the chief executive officer now owns 138,544 shares in the company, valued at $3,645,092.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 73.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. bought a new stake in shares of Virtu Financial in the first quarter worth about $2,375,000. Strategic Advisors LLC bought a new stake in shares of Virtu Financial in the first quarter worth about $331,000. Peregrine Capital Management LLC increased its holdings in shares of Virtu Financial by 18.6% in the first quarter. Peregrine Capital Management LLC now owns 666,747 shares of the financial services provider’s stock worth $15,835,000 after acquiring an additional 104,678 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Virtu Financial by 196.3% in the first quarter. State of Alaska Department of Revenue now owns 14,938 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 9,896 shares in the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of Virtu Financial by 42.9% in the first quarter. Bogart Wealth LLC now owns 4,948 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 1,485 shares in the last quarter. Institutional investors and hedge funds own 55.70% 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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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