Brokerages Set Virtu Financial, Inc. (NASDAQ:VIRT) PT at $19.92

Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.08.

VIRT has been the subject of several recent research reports. Citigroup increased their target price on shares of Virtu Financial from $21.00 to $22.50 and gave the company a "buy" rating in a research note on Tuesday, March 26th. Piper Sandler reissued an "overweight" rating and set a $21.00 target price on shares of Virtu Financial in a research note on Friday, March 22nd. Morgan Stanley increased their target price on shares of Virtu Financial from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Tuesday. UBS Group cut their target price on shares of Virtu Financial from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, January 26th. Finally, StockNews.com upgraded shares of Virtu Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 2nd.

Insiders Place Their Bets

In related news, CEO Douglas A. Cifu bought 50,000 shares of the business's stock in a transaction on Wednesday, February 7th. The stock was bought at an average price of $16.21 per share, for a total transaction of $810,500.00. Following the transaction, the chief executive officer now directly owns 584,132 shares in the company, valued at $9,468,779.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 44.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VIRT. Farther Finance Advisors LLC acquired a new position in shares of Virtu Financial during the 2nd quarter worth $25,000. Harbour Investments Inc. acquired a new position in shares of Virtu Financial during the 4th quarter worth $25,000. Tower Research Capital LLC TRC grew its stake in Virtu Financial by 123.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the financial services provider's stock valued at $27,000 after buying an additional 883 shares during the last quarter. Quarry LP grew its stake in Virtu Financial by 236.4% in the 2nd quarter. Quarry LP now owns 1,581 shares of the financial services provider's stock valued at $27,000 after buying an additional 1,111 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Virtu Financial by 8,400.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,700 shares of the financial services provider's stock valued at $35,000 after buying an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company's stock.

Virtu Financial Price Performance

Shares of Virtu Financial stock traded down $0.20 on Tuesday, hitting $20.64. The company had a trading volume of 817,392 shares, compared to its average volume of 1,103,816. The business has a 50-day simple moving average of $18.53 and a 200-day simple moving average of $18.55. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $3.26 billion, a PE ratio of 14.74, a PEG ratio of 0.57 and a beta of 0.40. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $21.58.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.13). The company had revenue of $535.98 million during the quarter, compared to the consensus estimate of $272.96 million. Virtu Financial had a net margin of 6.22% and a return on equity of 16.94%. During the same quarter last year, the business earned $0.32 earnings per share. Research analysts expect that Virtu Financial will post 1.8 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.24 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.65%. Virtu Financial's payout ratio is 68.57%.

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.