Media headlines about Virtu Financial (NASDAQ:VIRT) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Virtu Financial earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.5526754965239 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- JPMorgan Chase & Co. Analysts Give Virtu Financial (VIRT) a $22.00 Price Target (americanbankingnews.com)
- Mark Cuban bet on a Wall Street firm that thrives on volatile markets (VIRT) (msn.com)
- High Speed Traders Feast Off Stock Market’s Woes (finance.yahoo.com)
- Mark Cuban Once Trashed Speed Traders. Now He’s Investing in One (finance.yahoo.com)
- Zacks.com highlights: HCA Healthcare, Cimpress N.V. and Virtu Financial (finance.yahoo.com)
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Friday, February 2nd. Sandler O’Neill set a $19.00 price objective on shares of Virtu Financial and gave the stock a “buy” rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $13.00 price objective on shares of Virtu Financial in a research report on Wednesday, October 18th. BidaskClub raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, TheStreet raised shares of Virtu Financial from a “d+” rating to a “c-” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Virtu Financial currently has a consensus rating of “Hold” and a consensus price target of $18.63.
Shares of Virtu Financial (NASDAQ VIRT) traded up $1.00 during midday trading on Tuesday, reaching $28.40. 2,144,674 shares of the company traded hands, compared to its average volume of 755,367. Virtu Financial has a twelve month low of $13.10 and a twelve month high of $29.00. The company has a market cap of $5,232.52, a PE ratio of 129.10 and a beta of 0.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.10. Virtu Financial had a net margin of 1.69% and a return on equity of 12.23%. The business had revenue of $460.42 million for the quarter, compared to analysts’ expectations of $194.80 million. During the same quarter last year, the firm earned $0.24 EPS. equities analysts predict that Virtu Financial will post 1.3 EPS for the current fiscal year.
Virtu Financial declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 8th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.96 annualized dividend and a yield of 3.38%. Virtu Financial’s payout ratio is 436.38%.
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.
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