TheStreet upgraded shares of Virtu Financial (NASDAQ:VIRT) from a d+ rating to a c- rating in a report published on Thursday.

Several other research firms also recently commented on VIRT. Zacks Investment Research upgraded shares of Virtu Financial from a sell rating to a hold rating in a research note on Saturday, December 2nd. BidaskClub upgraded shares of Virtu Financial from a sell rating to a hold rating in a research note on Saturday, December 2nd. Rosenblatt Securities started coverage on shares of Virtu Financial in a research note on Friday, September 15th. They set a neutral rating and a $18.00 price objective on the stock. Goldman Sachs Group reiterated a neutral rating and set a $16.00 price objective on shares of Virtu Financial in a research note on Thursday, August 10th. Finally, Citigroup reiterated a sell rating and set a $14.00 price objective (down from $16.00) on shares of Virtu Financial in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $16.86.

Virtu Financial (NASDAQ:VIRT) traded up $0.05 during mid-day trading on Thursday, hitting $16.85. 544,139 shares of the company traded hands, compared to its average volume of 639,158. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.63. Virtu Financial has a fifty-two week low of $13.10 and a fifty-two week high of $19.07. The firm has a market capitalization of $3,160.00 and a P/E ratio of 28.48.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. The business had revenue of $159.79 million for the quarter, compared to the consensus estimate of $157.40 million. During the same period in the prior year, the company posted $0.20 earnings per share. Virtu Financial’s revenue was up 64.4% compared to the same quarter last year. equities research analysts anticipate that Virtu Financial will post 0.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.70%. Virtu Financial’s payout ratio is 800.00%.

A number of institutional investors have recently made changes to their positions in the business. Temasek Holdings Private Ltd grew its stake in Virtu Financial by 65.1% during the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock worth $329,354,000 after buying an additional 8,012,821 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Virtu Financial by 103.9% in the third quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock worth $60,714,000 after acquiring an additional 1,909,864 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Virtu Financial by 7.7% in the second quarter. William Blair Investment Management LLC now owns 2,750,838 shares of the financial services provider’s stock worth $48,552,000 after acquiring an additional 195,788 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Virtu Financial by 4.6% in the second quarter. Vanguard Group Inc. now owns 2,379,919 shares of the financial services provider’s stock worth $42,005,000 after acquiring an additional 104,484 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Virtu Financial by 39.9% in the second quarter. FMR LLC now owns 2,215,100 shares of the financial services provider’s stock worth $39,097,000 after acquiring an additional 631,431 shares during the last quarter. Hedge funds and other institutional investors own 26.58% of the company’s stock.

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About Virtu Financial

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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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