Virtu Financial, Inc. (NASDAQ:VIRT – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,100,000 shares, a growth of 36.4% from the May 31st total of 1,540,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.5% of the shares of the stock are sold short.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Citigroup lifted their price objective on Virtu Financial from $22.50 to $24.50 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group upped their price objective on shares of 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. raised their target price on shares of Virtu Financial from $20.00 to $21.50 and gave the company a “neutral” rating in a report on Thursday, April 25th. Piper Sandler lifted their price objective on shares of Virtu Financial from $21.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Bank of America upped their target price on Virtu Financial from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.24.
Read Our Latest Stock Analysis on Virtu Financial
Institutional Inflows and Outflows
Virtu Financial Stock Performance
Shares of Virtu Financial stock opened at $22.45 on Monday. The company’s 50 day moving average price is $22.79 and its two-hundred day moving average price is $20.41. The firm has a market capitalization of $3.53 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.48 and a beta of 0.36. Virtu Financial has a fifty-two week low of $16.02 and a fifty-two week high of $25.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.45 and a quick ratio of 0.45.
Virtu Financial (NASDAQ:VIRT – Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $366.87 million during the quarter, compared to analysts’ expectations of $334.79 million. Virtu Financial had a return on equity of 17.33% and a net margin of 6.04%. On average, equities analysts forecast that Virtu Financial will post 2.08 earnings per share for the current fiscal year.
Virtu Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, May 31st. Virtu Financial’s dividend payout ratio is currently 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.
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