Virtu Financial (VIRT) Receiving Somewhat Favorable Media Coverage, Study Finds
Media headlines about Virtu Financial (NASDAQ:VIRT) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Virtu Financial earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.985359291208 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- High-frequency traders adjust to overcapacity and leaner times (ft.com)
- What Should We Expect From Virtu Q3 Earnings? (seekingalpha.com)
- ETFs with exposure to Virtu Financial, Inc. : October 9, 2017 (finance.yahoo.com)
- Deutsche Bank Has a Plan to Ease Fund Managers’ MiFID II Start … – Bloomberg (bloomberg.com)
- What Should We Expect From Virtu Q3 Earnings? – Seeking Alpha (seekingalpha.com)
A number of brokerages have weighed in on VIRT. Evercore ISI began coverage on Virtu Financial in a research note on Monday, October 2nd. They set an “in-line” rating and a $17.00 price objective for the company. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $16.00 price objective on shares of Virtu Financial in a research note on Thursday, August 10th. Citigroup Inc. restated a “sell” rating and set a $14.00 price objective (down previously from $16.00) on shares of Virtu Financial in a research note on Thursday, August 10th. BidaskClub lowered Virtu Financial from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.17.
Shares of Virtu Financial (NASDAQ VIRT) opened at 16.70 on Wednesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 36.30 and a beta of 0.32. The firm’s 50-day moving average price is $17.04 and its 200-day moving average price is $16.59. Virtu Financial has a 52 week low of $12.35 and a 52 week high of $19.07.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Virtu Financial had a return on equity of 16.54% and a net margin of 3.42%. The business had revenue of $77.10 million for the quarter, compared to analyst estimates of $82.23 million. During the same period in the prior year, the firm posted $0.24 EPS. Virtu Financial’s revenue for the quarter was down 24.6% on a year-over-year basis. Equities research analysts expect that Virtu Financial will post $0.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 5.75%. Virtu Financial’s dividend payout ratio is presently 188.24%.
In other news, major shareholder Holdings (Private) Ltd Temasek purchased 6,346,155 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were purchased at an average cost of $15.60 per share, for a total transaction of $99,000,018.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder North Island Ventures, Llc purchased 338,124 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $15.44 per share, for a total transaction of $5,220,634.56. The disclosure for this purchase can be found here. 69.90% of the stock is currently owned by insiders.
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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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