Virtu Financial, Inc. (NYSE:VIRT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $63.60.
A number of equities analysts recently issued reports on VIRT shares. Morgan Stanley dropped their price objective on Virtu Financial from $57.00 to $56.00 and set an “underweight” rating for the company in a report on Friday, October 9th. Wall Street Zen lowered Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research lowered Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Evercore upgraded Virtu Financial to an “outperform” rating in a research report on Monday, October 5th. Finally, Piper Sandler reissued an “overweight” rating on shares of Virtu Financial in a research note on Friday, October 2nd.
Get Our Latest Stock Analysis on VIRT
Virtu Financial Trading Up 0.1%
VIRT stock opened at $55.98 on Wednesday. Virtu Financial has a twelve month low of $31.55 and a twelve month high of $68.76. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.40 and a beta of 0.65. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. The firm’s fifty day simple moving average is $59.54 and its two-hundred day simple moving average is $56.92.
Virtu Financial (NYSE:VIRT – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.01. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $687.23 million. During the same quarter last year, the business earned $1.65 EPS. As a group, analysts anticipate that Virtu Financial will post 6.50 earnings per share for the current year.
Virtu Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. Virtu Financial’s dividend payout ratio (DPR) is presently 15.95%.
Insider Transactions at Virtu Financial
In other news, Director John Nixon sold 9,094 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $60.13, for a total transaction of $546,822.22. Following the transaction, the director directly owned 30,902 shares of the company’s stock, valued at approximately $1,858,137.26. This trade represents a 22.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph J. Grano, Jr. sold 8,400 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $60.94, for a total value of $511,896.00. Following the completion of the transaction, the director directly owned 33,814 shares in the company, valued at approximately $2,060,625.16. This trade represents a 19.90% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 46.76% of the company’s stock.
Hedge Funds Weigh In On Virtu Financial
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC purchased a new position in Virtu Financial during the 2nd quarter valued at about $1,792,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Virtu Financial in the 2nd quarter worth approximately $1,001,000. Allspring Global Investments Holdings LLC lifted its position in shares of Virtu Financial by 41.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company’s stock worth $85,607,000 after purchasing an additional 569,057 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of Virtu Financial by 27.5% during the first quarter. Stephens Investment Management Group LLC now owns 516,366 shares of the company’s stock valued at $22,710,000 after purchasing an additional 111,437 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Virtu Financial during the second quarter valued at approximately $1,404,000. Institutional investors own 45.78% of the company’s stock.
Virtu Financial Company Profile
Virtu Financial, Inc is a global financial services company that provides liquidity, trading, and technology solutions to the financial markets. Through its market-making business, Virtu facilitates trading in a broad range of products, including equities, exchange-traded funds, options, fixed income, foreign exchange, commodities, and certain digital assets.
The company also operates an execution services business that provides trading and workflow technology to institutional investors, asset managers, broker-dealers, and other financial institutions.
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