Virtu Financial (NASDAQ:VIRT - Get Free Report) had its target price boosted by stock analysts at Piper Sandler from $35.00 to $40.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Piper Sandler's target price indicates a potential upside of 10.56% from the company's previous close.
Several other analysts also recently weighed in on VIRT. Citigroup lifted their price objective on Virtu Financial from $32.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on shares of Virtu Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, September 30th. Morgan Stanley increased 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 note on Thursday, October 17th. Finally, Bank of America dropped their target price on Virtu Financial from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $30.21.
Check Out Our Latest Report on Virtu Financial
Virtu Financial Trading Down 0.5 %
Virtu Financial stock traded down $0.18 during trading hours on Tuesday, hitting $36.18. The company had a trading volume of 1,251,212 shares, compared to its average volume of 984,528. The firm has a market cap of $5.59 billion, a P/E ratio of 18.18, a P/E/G ratio of 0.49 and a beta of 0.45. The company has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $31.32. Virtu Financial has a 1 year low of $16.02 and a 1 year high of $38.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The firm had revenue of $388.00 million during the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. Virtu Financial's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, sell-side analysts anticipate that Virtu Financial will post 2.71 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas purchased a new stake in shares of Virtu Financial during the third quarter worth about $33,000. Abich Financial Wealth Management LLC increased its stake in Virtu Financial by 22.2% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 487 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 during the last quarter. KBC Group NV lifted its stake in shares of Virtu Financial by 42.9% during 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 increased its position in shares of Virtu Financial by 129.1% in 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 during the period. 45.78% of the stock is currently owned by hedge funds and other institutional investors.
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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