Brokerages Set Virtu Financial, Inc. (NASDAQ:VIRT) Price Target at $22.24

Shares of Virtu Financial, Inc. (NASDAQ:VIRT) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.24.

VIRT has been the subject of several recent research reports. Morgan Stanley increased their price target on Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. UBS Group decreased their price target on Virtu Financial from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, January 26th. Bank of America increased their price target on Virtu Financial from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group increased their price target on Virtu Financial from $19.20 to $21.70 and gave the stock a “neutral” rating in a report on Friday, April 26th. Finally, Piper Sandler increased their price target on Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, April 12th.

Virtu Financial Price Performance

Shares of NASDAQ VIRT opened at $22.42 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a fifty day moving average price of $20.49 and a 200 day moving average price of $19.11. Virtu Financial has a 1-year low of $16.02 and a 1-year high of $22.92. The company has a market cap of $3.52 billion, a PE ratio of 15.68, a P/E/G ratio of 0.51 and a beta of 0.38.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Friday, May 31st. Virtu Financial’s dividend payout ratio (DPR) is currently 67.13%.

Institutional Investors Weigh In On Virtu Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in shares of Virtu Financial during the 1st quarter worth $26,000. Quarry LP raised its stake in shares of Virtu Financial by 79.9% during the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after buying an additional 746 shares during the last quarter. CWM LLC raised its stake in shares of Virtu Financial by 112.3% during the 4th quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,127 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Virtu Financial by 48.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,574 shares of the financial services provider’s stock worth $72,000 after buying an additional 1,161 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Virtu Financial by 1,867.8% during the 4th quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock worth $83,000 after buying an additional 3,885 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

About Virtu Financial

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.