Analysts’ Weekly Ratings Changes for Virtu Financial (VIRT)

Virtu Financial (NASDAQ: VIRT) has recently received a number of price target changes and ratings updates:

  • 9/11/2019 – Virtu Financial was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/4/2019 – Virtu Financial was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/3/2019 – Virtu Financial had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $23.00 price target on the stock.
  • 8/23/2019 – Virtu Financial was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/15/2019 – Virtu Financial was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 8/12/2019 – Virtu Financial had its price target lowered by analysts at UBS Group AG from $29.00 to $25.00. They now have a “buy” rating on the stock.
  • 8/9/2019 – Virtu Financial was given a new $20.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 8/8/2019 – Virtu Financial was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 8/8/2019 – Virtu Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York. “
  • 8/3/2019 – Virtu Financial was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/2/2019 – Virtu Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York. “

Shares of NASDAQ:VIRT traded down $0.39 during midday trading on Friday, reaching $20.04. The company’s stock had a trading volume of 34,716 shares, compared to its average volume of 902,005. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 3.60 and a beta of -0.54. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a 50 day moving average price of $19.52 and a two-hundred day moving average price of $22.57. Virtu Financial Inc has a fifty-two week low of $17.61 and a fifty-two week high of $29.17.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.11). The business had revenue of $378.50 million during the quarter, compared to analyst estimates of $262.19 million. Virtu Financial had a net margin of 3.58% and a return on equity of 17.64%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, research analysts anticipate that Virtu Financial Inc will post 1.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, August 30th. Virtu Financial’s dividend payout ratio is 48.98%.

In other Virtu Financial news, CEO Douglas A. Cifu acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were bought at an average cost of $18.58 per share, with a total value of $185,800.00. Following the purchase, the chief executive officer now directly owns 235,000 shares of the company’s stock, valued at $4,366,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 63.70% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Van Berkom & Associates Inc. increased its position in Virtu Financial by 12.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 5,383,212 shares of the financial services provider’s stock valued at $117,246,000 after buying an additional 578,148 shares in the last quarter. Treasurer of the State of North Carolina increased its position in Virtu Financial by 30.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 21,222 shares of the financial services provider’s stock valued at $462,000 after buying an additional 4,950 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Virtu Financial by 1,420.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,817 shares of the financial services provider’s stock valued at $279,000 after buying an additional 11,974 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Virtu Financial in the 2nd quarter valued at about $1,304,000. Finally, CMT Investments LLC bought a new stake in Virtu Financial in the 2nd quarter valued at about $937,000. 64.87% of the stock is owned by institutional investors and hedge funds.

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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