Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $21.08 and last traded at $21.06, with a volume of 766575 shares trading hands. The stock had previously closed at $20.52.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on VIRT. Morgan Stanley dropped their target price on Virtu Financial from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Monday, January 29th. UBS Group dropped their target price on Virtu Financial from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, January 26th. Piper Sandler reissued an "overweight" rating and issued a $21.00 target price on shares of Virtu Financial in a report on Friday, March 22nd. StockNews.com lowered Virtu Financial from a "hold" rating to a "sell" rating in a report on Friday, January 26th. Finally, Citigroup upped their price objective on Virtu Financial from $21.00 to $22.50 and gave the stock a "buy" rating in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.92.
Get Our Latest Report on Virtu Financial
Virtu Financial Price Performance
The stock has a fifty day moving average of $18.17 and a two-hundred day moving average of $18.40. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 5.84 and a beta of 0.40. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.23.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.13). Virtu Financial had a net margin of 6.22% and a return on equity of 16.94%. The firm had revenue of $535.98 million during the quarter, compared to analyst estimates of $272.96 million. During the same period last year, the company posted $0.32 EPS. On average, equities research analysts anticipate that Virtu Financial, Inc. will post 1.79 earnings per share for the current year.
Virtu Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, February 29th. Virtu Financial's dividend payout ratio is currently 68.57%.
Insider Activity
In other news, CEO Douglas A. Cifu purchased 50,000 shares of the company's stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average price of $16.21 per share, for a total transaction of $810,500.00. Following the completion of the transaction, the chief executive officer now directly owns 584,132 shares in the company, valued at approximately $9,468,779.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 44.80% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Virtu Financial during the second quarter valued at $25,000. Harbour Investments Inc. acquired a new stake in shares of Virtu Financial during the fourth quarter valued at $25,000. Tower Research Capital LLC TRC boosted its stake in shares of Virtu Financial by 123.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 883 shares during the last quarter. Quarry LP boosted its stake in shares of Virtu Financial by 236.4% during the second quarter. Quarry LP now owns 1,581 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Virtu Financial by 8,400.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,700 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 1,680 shares during the last quarter. Hedge funds and other institutional investors 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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