Analysts Set Virtu Financial, Inc. (NASDAQ:VIRT) Price Target at $30.21

Shares of Virtu Financial, Inc. (NASDAQ:VIRT) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.21.

VIRT has been the topic of a number of recent research reports. Citigroup upped their price target on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Bank of America dropped their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley increased their price objective on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Piper Sandler increased their price objective on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th.

Virtu Financial Stock Down 6.4 %

Shares of NASDAQ VIRT opened at $34.64 on Thursday. Virtu Financial has a one year low of $16.02 and a one year high of $38.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. The business’s fifty day moving average price is $35.96 and its 200-day moving average price is $31.54. The stock has a market capitalization of $5.36 billion, a PE ratio of 17.41, a P/E/G ratio of 0.49 and a beta of 0.45.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm had revenue of $388.00 million for the quarter, compared to analysts’ expectations of $379.18 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities research analysts anticipate that Virtu Financial will post 2.71 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 2.77%. Virtu Financial’s payout ratio is 48.24%.

Hedge Funds Weigh In On Virtu Financial

Several institutional investors and hedge funds have recently bought and sold shares of VIRT. Rhumbline Advisers grew its position in Virtu Financial by 136.7% during the 2nd quarter. Rhumbline Advisers now owns 214,766 shares of the financial services provider’s stock worth $4,821,000 after acquiring an additional 124,024 shares during the last quarter. Savant Capital LLC grew its position in shares of Virtu Financial by 3.3% in the 2nd quarter. Savant Capital LLC now owns 56,462 shares of the financial services provider’s stock worth $1,268,000 after buying an additional 1,790 shares during the last quarter. Choreo LLC bought a new stake in shares of Virtu Financial in the 2nd quarter worth approximately $418,000. Federated Hermes Inc. lifted its stake in shares of Virtu Financial by 2.4% in the 2nd quarter. Federated Hermes Inc. now owns 102,107 shares of the financial services provider’s stock valued at $2,292,000 after purchasing an additional 2,409 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Virtu Financial by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 3,643,686 shares of the financial services provider’s stock valued at $81,801,000 after purchasing an additional 124,563 shares during the period. 45.78% of the stock is currently owned by institutional investors.

About Virtu Financial

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.