Headlines about Virtu Financial (NASDAQ:VIRT) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Virtu Financial earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.1486800811637 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 media stories that may have impacted Accern’s scoring:
- Virtu Financial (VIRT) PT Raised to $26.00 at Rosenblatt Securities (americanbankingnews.com)
- Virtu Financial (VIRT) Given New $27.00 Price Target at Goldman Sachs Group (americanbankingnews.com)
- Virtu Financial (VIRT) PT Raised to $27.00 at Sandler O’Neill (americanbankingnews.com)
- Evercore ISI Increases Virtu Financial (VIRT) Price Target to $27.00 (americanbankingnews.com)
- Virtu Financial (VIRT) PT Raised to $26.00 at Citigroup (americanbankingnews.com)
Several analysts have recently weighed in on the stock. Rosenblatt Securities reiterated a “neutral” rating and set a $18.00 target price on shares of Virtu Financial in a research report on Tuesday, November 7th. Evercore ISI lifted their target price on shares of Virtu Financial from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, November 7th. Sandler O’Neill set a $19.00 target price on shares of Virtu Financial and gave the company a “buy” rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $13.00 price target on shares of Virtu Financial in a report on Wednesday, November 8th. Finally, Goldman Sachs Group lifted their price target on shares of Virtu Financial from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $26.00.
Shares of Virtu Financial (NASDAQ:VIRT) traded up $0.50 during mid-day trading on Friday, reaching $28.35. 935,681 shares of the company traded hands, compared to its average volume of 1,057,515. Virtu Financial has a 12-month low of $13.10 and a 12-month high of $29.00. The company has a market cap of $5,213.80, a P/E ratio of 128.87 and a beta of 0.43. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.23.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $460.42 million during the quarter, compared to the consensus estimate of $194.80 million. During the same period last year, the firm posted $0.24 EPS. equities research analysts predict that Virtu Financial will post 1.59 earnings per share for the current year.
Virtu Financial declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 8th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, February 28th. Virtu Financial’s dividend payout ratio is currently 436.38%.
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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.
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