Virtu Financial, Inc. (NASDAQ:VIRT) Receives Average Recommendation of "Hold" from Brokerages

Shares of Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.36.

Several research firms have recently commented on VIRT. Morgan Stanley lifted their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the company an "equal weight" rating in a research report on Thursday. Piper Sandler lifted their target price on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, Citigroup increased their price target on Virtu Financial from $32.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th.

Institutional Trading of Virtu Financial

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its position 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 in the last quarter. Los Angeles Capital Management LLC purchased a new position in Virtu Financial in the third quarter valued at approximately $29,815,000. Portolan Capital Management LLC acquired a new stake in Virtu Financial during the third quarter worth approximately $11,918,000. Raymond James Financial Inc. purchased a new stake in shares of Virtu Financial during the 4th quarter worth approximately $12,196,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Virtu Financial by 400.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider's stock valued at $10,008,000 after buying an additional 262,835 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Virtu Financial Price Performance

Shares of VIRT stock traded down $0.76 during trading hours on Monday, reaching $40.20. The company had a trading volume of 1,228,718 shares, compared to its average volume of 887,642. Virtu Financial has a 12-month low of $16.02 and a 12-month 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 company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.52 and a beta of 0.46. The stock has a fifty day moving average of $37.05 and a 200-day moving average of $33.47.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. On average, equities analysts anticipate that Virtu Financial will post 2.85 earnings per share for the current year.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.39%. Virtu Financial's dividend payout ratio (DPR) is presently 32.32%.

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.