Virtu Financial (NASDAQ:VIRT) Receives "Neutral" Rating from UBS Group

Key Points

• UBS Group has raised its price target for Virtu Financial from $40.00 to $45.00, indicating a potential upside of 2.74% from its current price, but maintains a "neutral" rating.
• Other firms, including JPMorgan and Morgan Stanley, have varying price targets for Virtu, with the average consensus rating being "Hold" and an average target price of $39.75.
• Director John Nixon sold nearly 7,000 shares of Virtu Financial, reducing his ownership by 17.03%, while insiders collectively own 47.20% of the company's stock.

Virtu Financial (NASDAQ:VIRT - Get Free Report)'s stock had its "neutral" rating reaffirmed by stock analysts at UBS Group in a note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $45.00 price target on the financial services provider's stock, up from their previous price target of $40.00. UBS Group's price objective points to a potential upside of 5.67% from the stock's current price.

VIRT has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Morgan Stanley upped their price target on Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Wall Street Zen cut Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Evercore ISI upped their price objective on shares of Virtu Financial from $41.00 to $42.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Finally, Piper Sandler upped their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.75.

Virtu Financial Stock Performance

NASDAQ VIRT traded down $0.31 during trading on Monday, hitting $42.59. 254,921 shares of the company's stock traded hands, compared to its average volume of 951,544. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.14 and a beta of 0.69. Virtu Financial has a 12-month low of $27.50 and a 12-month high of $45.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The business has a 50 day moving average of $42.91 and a 200-day moving average of $39.87.

Insider Buying and Selling at Virtu Financial

In related news, Director John Nixon sold 6,965 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total value of $298,241.30. Following the completion of the sale, the director owned 33,923 shares of the company's stock, valued at $1,452,582.86. This trade represents a 17.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 47.20% of the company's stock.

Institutional Trading of Virtu Financial

A number of hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC bought a new position in Virtu Financial in the 1st quarter worth about $54,000. Vontobel Holding Ltd. bought a new stake in shares of Virtu Financial during the 1st quarter valued at about $231,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Virtu Financial by 3,319.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,635 shares of the financial services provider's stock valued at $405,000 after purchasing an additional 10,324 shares during the period. Principal Financial Group Inc. grew its stake in shares of Virtu Financial by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 401,117 shares of the financial services provider's stock valued at $15,291,000 after purchasing an additional 9,569 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Virtu Financial during the 4th quarter valued at about $954,000. 45.78% of the stock is owned by institutional investors.

Virtu Financial Company Profile

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.