Virtu Financial, Inc. (NASDAQ:VIRT) Receives Average Recommendation of “Hold” from Analysts

Virtu Financial, Inc. (NASDAQ:VIRT) has received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $22.24.

VIRT has been the topic of several research analyst reports. Citigroup lifted their price objective on shares of Virtu Financial from $22.50 to $24.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Piper Sandler upped their price target on Virtu Financial from $21.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. The Goldman Sachs Group raised their price objective on Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. upped their target price on Virtu Financial from $20.00 to $21.50 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday.

Institutional Investors Weigh In On Virtu Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. First Bank & Trust lifted its position in shares of Virtu Financial by 3.9% in the first quarter. First Bank & Trust now owns 19,614 shares of the financial services provider’s stock worth $402,000 after buying an additional 734 shares during the last quarter. Quarry LP lifted its holdings in Virtu Financial by 79.9% in the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 746 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in Virtu Financial by 55.3% during the first quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 781 shares during the period. Advisors Capital Management LLC grew its holdings in Virtu Financial by 0.5% during the third quarter. Advisors Capital Management LLC now owns 171,087 shares of the financial services provider’s stock valued at $2,955,000 after purchasing an additional 848 shares during the last quarter. Finally, CWM LLC raised its position in shares of Virtu Financial by 112.3% in the fourth quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,127 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Stock Down 0.7 %

Shares of Virtu Financial stock opened at $23.02 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.21. Virtu Financial has a 12-month low of $16.02 and a 12-month high of $25.68. The firm has a market capitalization of $3.62 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 0.50 and a beta of 0.36. The stock’s fifty day moving average is $22.56 and its 200-day moving average is $20.26.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Virtu Financial had a net margin of 6.04% and a return on equity of 17.33%. The company had revenue of $366.87 million during the quarter, compared to analyst estimates of $334.79 million. Equities analysts anticipate that Virtu Financial will post 2.08 earnings per share for the current year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.17%. Virtu Financial’s dividend payout ratio (DPR) is 67.13%.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.