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

Shares of Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) have been given an average rating of "Hold" by the seven ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.21.

A number of research firms recently commented on VIRT. Morgan Stanley increased their target price on Virtu Financial from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, September 30th. Piper Sandler upped their target price on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday. Citigroup lifted 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. Finally, Bank of America cut their price objective 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.

Institutional Trading of Virtu Financial

Several large investors have recently modified their holdings of VIRT. USA Financial Formulas bought a new position in Virtu Financial in the 3rd quarter worth $33,000. Abich Financial Wealth Management LLC raised its stake in Virtu Financial by 22.2% in the second quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider's stock worth $60,000 after buying an additional 487 shares in the last quarter. GAMMA Investing LLC raised its stake in Virtu Financial by 149.0% in the third quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider's stock worth $73,000 after buying an additional 1,442 shares in the last quarter. KBC Group NV lifted its holdings in Virtu Financial by 42.9% in the third quarter. KBC Group NV now owns 2,864 shares of the financial services provider's stock worth $87,000 after buying an additional 860 shares during the period. Finally, Quarry LP boosted its position in Virtu Financial by 129.1% during the 2nd quarter. Quarry LP now owns 6,130 shares of the financial services provider's stock valued at $138,000 after acquiring an additional 3,454 shares in the last quarter. 45.78% of the stock is owned by institutional investors.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT traded up $0.81 on Thursday, hitting $36.99. The company's stock had a trading volume of 862,509 shares, compared to its average volume of 960,122. The company has a market capitalization of $5.72 billion, a PE ratio of 18.59, a PEG ratio of 0.49 and a beta of 0.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. The company has a 50-day simple moving average of $35.90 and a 200 day simple moving average of $31.40. Virtu Financial has a 1 year low of $16.02 and a 1 year high of $38.45.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The business had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. Virtu Financial's quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. Sell-side analysts forecast that Virtu Financial will post 2.71 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a dividend of $0.24 per share. The ex-dividend date was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.60%. Virtu Financial's dividend payout ratio is currently 48.24%.

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.