Virtu Financial, Inc. (NASDAQ:VIRT) Given Consensus Recommendation of “Hold” by Analysts

Shares of Virtu Financial, Inc. (NASDAQ:VIRTGet Free Report) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $22.24.

A number of research analysts have commented on the company. StockNews.com upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. lifted their price objective on Virtu Financial from $20.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. The Goldman Sachs Group upped their target price on shares of Virtu Financial from $19.20 to $21.70 and gave the company a “neutral” rating in a research report on Friday, April 26th. Piper Sandler lifted their price target on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Bank of America increased their price objective on shares of Virtu Financial from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, April 25th.

Read Our Latest Report on VIRT

Institutional Investors Weigh In On Virtu Financial

Several large investors have recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Virtu Financial during the 3rd quarter worth $184,000. Barclays PLC increased its holdings in shares of Virtu Financial by 39.4% in the third quarter. Barclays PLC now owns 278,456 shares of the financial services provider’s stock worth $4,811,000 after acquiring an additional 78,665 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Virtu Financial by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,037,105 shares of the financial services provider’s stock worth $17,911,000 after purchasing an additional 126,965 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Virtu Financial by 1.6% during the 3rd quarter. HighTower Advisors LLC now owns 85,873 shares of the financial services provider’s stock valued at $1,483,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Virtu Financial by 18.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,611 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 2,889 shares during the period. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Trading Down 4.4 %

Shares of VIRT opened at $22.00 on Wednesday. The stock has a fifty day moving average price of $21.80 and a two-hundred day moving average price of $19.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 0.48 and a beta of 0.38. Virtu Financial has a 52-week low of $16.02 and a 52-week high of $24.25.

Virtu Financial (NASDAQ:VIRTGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. The business had revenue of $366.87 million for the quarter, compared to the consensus estimate of $334.79 million. Virtu Financial had a net margin of 6.04% and a return on equity of 17.33%. Analysts predict that Virtu Financial will post 2.04 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Friday, May 31st. Virtu Financial’s payout ratio is 67.13%.

Virtu Financial Company Profile

(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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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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