Virtu Financial Inc (NASDAQ:VIRT) declared a quarterly dividend on Friday, February 8th, Wall Street Journal reports. Investors of record on Friday, March 1st will be paid a dividend of 0.24 per share by the financial services provider on Friday, March 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, February 28th.

Virtu Financial has increased its dividend payment by an average of 26.0% per year over the last three years. Virtu Financial has a payout ratio of 63.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Virtu Financial to earn $2.20 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 43.6%.

Shares of VIRT stock opened at $26.88 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $5.10 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 3.25 and a beta of -0.72. Virtu Financial has a fifty-two week low of $19.65 and a fifty-two week high of $37.85.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $299.20 million during the quarter, compared to analysts’ expectations of $292.87 million. Virtu Financial had a net margin of 15.39% and a return on equity of 24.91%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, research analysts predict that Virtu Financial will post 1.66 EPS for the current year.

VIRT has been the subject of several analyst reports. Morgan Stanley set a $27.00 price target on shares of Virtu Financial and gave the stock a “hold” rating in a report on Friday, January 4th. Goldman Sachs Group upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $29.00 price target for the company in a report on Friday, January 4th. Zacks Investment Research cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Friday, October 12th. ValuEngine upgraded shares of Virtu Financial from a “hold” rating to a “buy” rating in a report on Tuesday, December 25th. Finally, BidaskClub upgraded shares of Virtu Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 27th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.55.

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Virtu Financial Company Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Dividend History for Virtu Financial (NASDAQ:VIRT)

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