Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Saturday, June 1st will be given a dividend of 0.24 per share by the financial services provider on Saturday, June 15th. This represents a $0.96 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, May 31st.
Virtu Financial has a payout ratio of 40.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Virtu Financial to earn $2.04 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 47.1%.
Virtu Financial Trading Up 2.6 %
NASDAQ VIRT traded up $0.56 on Thursday, hitting $22.40. 1,638,359 shares of the stock were exchanged, compared to its average volume of 1,087,289. Virtu Financial has a 52-week low of $16.02 and a 52-week high of $22.80. 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 capitalization of $3.54 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 0.58 and a beta of 0.40. The company's 50-day moving average price is $19.45 and its two-hundred day moving average price is $18.82.
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 for the quarter, missing the consensus estimate of $0.40 by ($0.13). Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. The firm had revenue of $535.98 million for the quarter, compared to analysts' expectations of $272.96 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Research analysts predict that Virtu Financial will post 1.8 EPS for the current year.
Insider Buying and Selling at Virtu Financial
In other news, CEO Douglas A. Cifu purchased 50,000 shares of the firm's stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $16.21 per share, for a total transaction of $810,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 584,132 shares of the company's stock, valued at $9,468,779.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 44.80% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on VIRT shares. UBS Group lowered their price target on shares of Virtu Financial from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, January 26th. Morgan Stanley boosted their price target on shares of Virtu Financial from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Tuesday, April 9th. Bank of America boosted their price target on shares of Virtu Financial from $22.00 to $25.00 and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Virtu Financial from $20.00 to $21.50 and gave the company a "neutral" rating in a report on Thursday. Finally, StockNews.com upgraded shares of Virtu Financial from a "sell" rating to a "hold" rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Virtu Financial has an average rating of "Hold" and a consensus target price of $22.33.
View Our Latest Stock Analysis on Virtu Financial
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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