Virtu Financial, Inc. (VIRT) To Go Ex-Dividend on February 27th

Virtu Financial, Inc. (NASDAQ:VIRT) announced a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 27th will be given a dividend of 0.24 per share by the financial services provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, February 27th.

Virtu Financial has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Virtu Financial to earn $3.23 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.7%.

Virtu Financial Stock Up 2.0%

Shares of VIRT opened at $41.46 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $35.00 and a two-hundred day moving average price of $36.94. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.14 and a beta of 0.58. Virtu Financial has a 12 month low of $31.55 and a 12 month high of $45.77.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.73. The company had revenue of $969.89 million for the quarter, compared to analyst estimates of $513.51 million. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The company’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Equities analysts predict that Virtu Financial will post 3.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on VIRT. Morgan Stanley increased their price objective on Virtu Financial from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Thursday, January 22nd. Bank of America upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, October 28th. Piper Sandler boosted their price target on shares of Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group raised their price objective on shares of Virtu Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Virtu Financial presently has an average rating of “Hold” and a consensus target price of $43.00.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.