Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $33.71 and last traded at $33.71, with a volume of 49126 shares trading hands. The stock had previously closed at $33.41.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Monday, September 30th. Morgan Stanley boosted their price objective on shares of Virtu Financial from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Piper Sandler reaffirmed an "overweight" rating and set a $35.00 price objective on shares of Virtu Financial in a research report on Thursday, October 24th. Bank of America lowered their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Finally, Citigroup boosted their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Virtu Financial currently has an average rating of "Hold" and a consensus target price of $29.50.
Read Our Latest Report on VIRT
Virtu Financial Price Performance
The stock's 50 day moving average price is $31.69 and its two-hundred day moving average price is $27.17. 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 firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.49 and a beta of 0.38.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.03. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The business had revenue of $388.00 million during the quarter, compared to analysts' expectations of $379.18 million. During the same period in the previous year, the company earned $0.40 earnings per share. Virtu Financial's revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities research analysts anticipate that Virtu Financial, Inc. will post 2.7 EPS for the current year.
Virtu Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Sunday, December 1st. Virtu Financial's payout ratio is currently 48.24%.
Hedge Funds Weigh In On Virtu Financial
A number of hedge funds have recently made changes to their positions in VIRT. USA Financial Formulas acquired a new position in shares of Virtu Financial in the 3rd quarter valued at $33,000. International Assets Investment Management LLC acquired a new position in shares of Virtu Financial in the 2nd quarter valued at $39,000. Abich Financial Wealth Management LLC raised its stake in shares of Virtu Financial by 55.3% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider's stock valued at $45,000 after buying an additional 781 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Virtu Financial in the 2nd quarter valued at $46,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Virtu Financial by 21.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider's stock worth $48,000 after purchasing an additional 372 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.
About Virtu Financial
(
Get Free Report)
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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