Virtu Financial (NASDAQ:VIRT - Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.32, Zacks reports. Virtu Financial had a return on equity of 27.69% and a net margin of 9.61%.
Virtu Financial Price Performance
Shares of NASDAQ:VIRT traded up $0.39 during trading on Friday, hitting $40.06. 1,131,744 shares of the company were exchanged, compared to its average volume of 768,066. The business's 50 day moving average is $36.79 and its 200-day moving average is $33.14. The company has a market capitalization of $6.19 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 0.52 and a beta of 0.45. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. Virtu Financial has a 1-year low of $16.02 and a 1-year high of $40.79.
Virtu Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.40%. Virtu Financial's dividend payout ratio (DPR) is presently 32.32%.
Wall Street Analyst Weigh In
VIRT has been the subject of several recent research reports. Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Citigroup boosted their price target on Virtu Financial from $32.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley upped their target price on Virtu Financial from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.21.
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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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