Virtu Financial Inc (NASDAQ:VIRT) has received an average recommendation of “Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $26.00.
A number of brokerages have weighed in on VIRT. Zacks Investment Research upgraded Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Friday, February 2nd. Sandler O’Neill raised their price objective on Virtu Financial from $19.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Rosenblatt Securities raised their price objective on Virtu Financial from $18.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. UBS set a $31.00 target price on Virtu Financial and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, TheStreet raised Virtu Financial from a “d+” rating to a “c-” rating in a report on Thursday, December 7th.
NASDAQ VIRT traded up $0.55 during mid-day trading on Monday, reaching $33.55. 547,309 shares of the company’s stock traded hands, compared to its average volume of 746,182. Virtu Financial has a 1-year low of $13.10 and a 1-year high of $35.20. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.21. The firm has a market cap of $6,210.20, a PE ratio of 59.04 and a beta of -0.59.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. Virtu Financial had a return on equity of 10.73% and a net margin of 1.69%. The firm had revenue of $460.42 million during the quarter, compared to analyst estimates of $194.80 million. During the same quarter last year, the firm earned $0.24 EPS. analysts anticipate that Virtu Financial will post 1.59 earnings per share for the current year.
Virtu Financial declared that its board has approved a share repurchase program on Thursday, February 8th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Wednesday, February 28th. Virtu Financial’s dividend payout ratio is presently 168.42%.
A number of large investors have recently added to or reduced their stakes in VIRT. North Island ManageCo LLC bought a new position in Virtu Financial during the 4th quarter worth approximately $733,173,000. Temasek Holdings Private Ltd lifted its holdings in Virtu Financial by 65.1% during the 3rd quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock worth $329,354,000 after buying an additional 8,012,821 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in Virtu Financial by 103.9% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock worth $60,714,000 after buying an additional 1,909,864 shares during the last quarter. Delek Group Ltd. bought a new position in Virtu Financial during the 4th quarter worth approximately $10,993,000. Finally, Millennium Management LLC bought a new stake in shares of Virtu Financial in the 4th quarter worth approximately $7,617,000. 47.71% of the stock is currently owned by institutional investors.
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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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