Zacks Investment Research downgraded shares of Virtu Financial (NASDAQ:VIRT) from a buy rating to a hold rating in a report published on Friday morning, Zacks.com reports.

According to Zacks, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York. “

VIRT has been the subject of several other research reports. ValuEngine upgraded Virtu Financial from a hold rating to a buy rating in a research note on Tuesday, December 25th. BidaskClub cut Virtu Financial from a sell rating to a strong sell rating in a research note on Thursday, March 21st. Morgan Stanley set a $27.00 price target on Virtu Financial and gave the stock a hold rating in a research note on Friday, January 4th. Finally, Goldman Sachs Group upgraded Virtu Financial from a neutral rating to a buy rating and set a $29.00 price target for the company in a research note on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Virtu Financial presently has a consensus rating of Hold and an average price target of $29.10.

VIRT stock opened at $24.15 on Friday. Virtu Financial has a 1-year low of $19.65 and a 1-year high of $37.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $4.68 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 2.86 and a beta of -0.73.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Virtu Financial had a return on equity of 24.62% and a net margin of 15.39%. The firm had revenue of $299.20 million during the quarter, compared to analysts’ expectations of $292.87 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue was up 26.1% on a year-over-year basis. As a group, research analysts anticipate that Virtu Financial will post 1.72 EPS for the current fiscal year.

In related news, CEO Douglas A. Cifu sold 127,088 shares of Virtu Financial stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $26.31, for a total value of $3,343,685.28. Following the completion of the sale, the chief executive officer now owns 138,544 shares of the company’s stock, valued at $3,645,092.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 73.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. We Are One Seven LLC bought a new stake in shares of Virtu Financial in the fourth quarter worth $65,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Virtu Financial by 86.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,202 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 1,483 shares during the period. Bogart Wealth LLC bought a new stake in Virtu Financial during the fourth quarter valued at about $89,000. Bremer Trust National Association bought a new stake in Virtu Financial during the fourth quarter valued at about $125,000. Finally, IFP Advisors Inc grew its holdings in Virtu Financial by 49.1% during the fourth quarter. IFP Advisors Inc now owns 4,940 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,627 shares during the period. 55.66% of the stock is owned by institutional investors.

About Virtu Financial

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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