Virtu Financial Inc. (VIRT) Given a $15.00 Price Target by Credit Suisse Group AG Analysts
Virtu Financial (NASDAQ:VIRT) remained flat at $14.63 during mid-day trading on Friday. The company had a trading volume of 70,623 shares. Virtu Financial has a 52-week low of $14.47 and a 52-week high of $25.72. The firm has a market cap of $559.38 million, a PE ratio of 14.00 and a beta of -0.03. The stock’s 50 day moving average price is $16.25 and its 200-day moving average price is $18.08.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Virtu Financial had a return on equity of 20.34% and a net margin of 5.15%. The business had revenue of $174.20 million for the quarter, compared to the consensus estimate of $105.12 million. During the same period in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that Virtu Financial will post $1.00 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend was Tuesday, August 30th. Virtu Financial’s dividend payout ratio is currently 91.43%.
In related news, CEO Douglas A. Cifu acquired 60,000 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was purchased at an average cost of $16.51 per share, with a total value of $990,600.00. Following the acquisition, the chief executive officer now owns 60,000 shares of the company’s stock, valued at approximately $990,600. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 71.00% of the company’s stock.
Hedge funds have recently modified their holdings of the company. CAPROCK Group Inc. bought a new stake in shares of Virtu Financial during the second quarter worth approximately $180,000. Schwab Charles Investment Management Inc. raised its stake in shares of Virtu Financial by 13.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 69,154 shares of the company’s stock worth $1,245,000 after buying an additional 8,208 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Virtu Financial by 49.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 19,110 shares of the company’s stock worth $344,000 after buying an additional 6,311 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of Virtu Financial by 14.1% in the second quarter. FDx Advisors Inc. now owns 10,363 shares of the company’s stock worth $187,000 after buying an additional 1,278 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Virtu Financial during the second quarter worth approximately $1,638,000. 91.62% of the stock is owned by hedge funds and other institutional investors.
Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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