Piper Sandler restated their overweight rating on shares of Virtu Financial (NASDAQ:VIRT - Free Report) in a report published on Thursday, Benzinga reports. They currently have a $35.00 price objective on the financial services provider's stock.
A number of other equities research analysts also recently weighed in on VIRT. The Goldman Sachs Group boosted their price target on shares of Virtu Financial from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Monday, September 30th. Citigroup boosted their price target on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Morgan Stanley upped their target price on shares of Virtu Financial from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Bank of America lowered their target price on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Finally, UBS Group upped their target price on shares of Virtu Financial from $18.00 to $24.00 and gave the company a "neutral" rating in a research note on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Virtu Financial currently has an average rating of "Hold" and a consensus target price of $29.50.
View Our Latest Analysis on VIRT
Virtu Financial Trading Down 4.6 %
Shares of VIRT traded down $1.49 on Thursday, reaching $30.86. 2,010,728 shares of the company's stock were exchanged, compared to its average volume of 1,283,160. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $4.85 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38. The business has a 50 day moving average price of $31.38 and a two-hundred day moving average price of $26.41. Virtu Financial has a 12 month low of $16.02 and a 12 month high of $33.55.
Virtu Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Friday, August 30th. Virtu Financial's dividend payout ratio is 67.13%.
Insider Transactions at Virtu Financial
In other news, Director Virginia Gambale sold 5,400 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the completion of the sale, the director now owns 24,122 shares of the company's stock, valued at $658,530.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 46.70% of the stock is owned by insiders.
Institutional Investors Weigh In On Virtu Financial
Several large investors have recently made changes to their positions in VIRT. O Shaughnessy Asset Management LLC boosted its holdings in Virtu Financial by 76.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 73,572 shares of the financial services provider's stock worth $1,510,000 after purchasing an additional 31,884 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Virtu Financial during the first quarter worth $1,238,000. Diversify Advisory Services LLC acquired a new position in Virtu Financial during the first quarter worth $957,000. Seven Eight Capital LP acquired a new position in Virtu Financial during the first quarter worth $1,368,000. Finally, SG Americas Securities LLC boosted its holdings in Virtu Financial by 591.6% during the first quarter. SG Americas Securities LLC now owns 50,199 shares of the financial services provider's stock worth $1,030,000 after purchasing an additional 42,941 shares during the last quarter. Institutional investors own 45.78% of the company's stock.
About Virtu Financial
(
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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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