Shares of Virtu Financial Inc (NASDAQ:VIRT) have been given a consensus rating of “Hold” by the ten analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.86.

A number of research analysts have recently commented on VIRT shares. J P Morgan Chase & Co reissued an “underweight” rating and set a $13.00 price objective on shares of Virtu Financial in a report on Wednesday, October 18th. Citigroup raised Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Wednesday, November 8th. Rosenblatt Securities started coverage on Virtu Financial in a report on Friday, September 15th. They set a “neutral” rating and a $18.00 price objective on the stock. TheStreet lowered Virtu Financial from a “c-” rating to a “d+” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research raised Virtu Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd.

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP boosted its stake in Virtu Financial by 43.2% during the 3rd quarter. GSA Capital Partners LLP now owns 28,376 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 8,567 shares during the period. Janney Montgomery Scott LLC boosted its stake in Virtu Financial by 4.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 144,095 shares of the financial services provider’s stock valued at $2,334,000 after purchasing an additional 5,727 shares during the period. Jane Street Group LLC bought a new stake in Virtu Financial during the 3rd quarter valued at approximately $291,000. Temasek Holdings Private Ltd boosted its stake in Virtu Financial by 65.1% during the 3rd quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock valued at $329,354,000 after purchasing an additional 8,012,821 shares during the period. Finally, Royce & Associates LP boosted its stake in Virtu Financial by 3.1% during the 3rd quarter. Royce & Associates LP now owns 668,300 shares of the financial services provider’s stock valued at $10,826,000 after purchasing an additional 20,000 shares during the period. 26.58% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial (NASDAQ:VIRT) opened at $18.20 on Friday. 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 52-week low of $13.10 and a 52-week high of $19.07. The firm has a market capitalization of $3,360.00 and a PE ratio of 30.17.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date was Thursday, November 30th. Virtu Financial’s dividend payout ratio is 800.00%.

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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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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