Virtu Financial, Inc. (NASDAQ:VIRT) Receives $41.71 Average PT from Analysts

Virtu Financial, Inc. (NASDAQ:VIRT) has earned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $41.7143.

VIRT has been the subject of several recent research reports. The Goldman Sachs Group reduced their target price on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Morgan Stanley reiterated an “underweight” rating and set a $35.00 price objective on shares of Virtu Financial in a research note on Monday, December 22nd. Finally, Bank of America raised Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, October 28th.

Virtu Financial Price Performance

Shares of NASDAQ VIRT opened at $33.36 on Thursday. Virtu Financial has a 52 week low of $31.89 and a 52 week high of $45.77. The business’s 50 day moving average price is $34.51 and its 200 day moving average price is $38.08. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The firm has a market cap of $5.10 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.14 and a beta of 0.59.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $274.00 million during the quarter. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. On average, sell-side analysts expect that Virtu Financial will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, December 1st. Virtu Financial’s dividend payout ratio is currently 20.78%.

Hedge Funds Weigh In On Virtu Financial

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. grew its position in Virtu Financial by 23.2% during the first quarter. Raymond James Financial Inc. now owns 421,282 shares of the financial services provider’s stock valued at $16,059,000 after buying an additional 79,457 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Virtu Financial during the 1st quarter worth about $662,000. AlphaQuest LLC grew its position in shares of Virtu Financial by 151.2% during the 1st quarter. AlphaQuest LLC now owns 11,810 shares of the financial services provider’s stock valued at $450,000 after acquiring an additional 7,108 shares during the period. Redwood Investment Management LLC acquired a new stake in shares of Virtu Financial during the 1st quarter valued at about $1,314,000. Finally, Ieq Capital LLC increased its stake in shares of Virtu Financial by 74.2% in the 1st quarter. Ieq Capital LLC now owns 21,353 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 9,093 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.