Virtu Financial, Inc. (NASDAQ:VIRT) Receives $30.21 Consensus Price Target from Analysts

Virtu Financial, Inc. (NASDAQ:VIRT) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $30.21.

VIRT has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their price target on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Piper Sandler increased their price objective on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Virtu Financial by 38.0% during the 3rd quarter. FMR LLC now owns 4,974,095 shares of the financial services provider’s stock worth $151,511,000 after acquiring an additional 1,368,419 shares during the period. Los Angeles Capital Management LLC acquired a new position in Virtu Financial in the third quarter worth about $29,815,000. Portolan Capital Management LLC acquired a new position in Virtu Financial in the third quarter worth about $11,918,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Virtu Financial by 400.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider’s stock worth $10,008,000 after purchasing an additional 262,835 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Virtu Financial by 28.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 834,418 shares of the financial services provider’s stock valued at $30,027,000 after purchasing an additional 183,823 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Trading Up 2.2 %

Virtu Financial stock opened at $40.96 on Monday. The company has a 50 day moving average price of $37.00 and a 200 day moving average price of $33.42. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $41.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 0.52 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. Research analysts forecast that Virtu Financial will post 2.85 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s dividend payout ratio (DPR) is presently 32.32%.

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.