Virtu Financial, Inc. (NASDAQ:VIRT) Given Consensus Rating of "Hold" by Brokerages

Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) has been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $41.4286.

Several brokerages have issued reports on VIRT. UBS Group reaffirmed a "neutral" rating and issued a $45.00 price objective (up previously from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. The Goldman Sachs Group lowered their price objective on shares of Virtu Financial from $48.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Morgan Stanley increased their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Finally, Piper Sandler increased their price objective on shares of Virtu Financial from $44.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th.

Insider Buying and Selling at Virtu Financial

In other news, COO Brett Fairclough sold 90,701 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $42.40, for a total transaction of $3,845,722.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 VIRT. Bessemer Group Inc. grew its position in shares of Virtu Financial by 96.0% during the second quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider's stock worth $26,000 after buying an additional 285 shares in the last quarter. Brooklyn Investment Group lifted its stake in Virtu Financial by 243.0% during the first quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider's stock worth $30,000 after purchasing an additional 554 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Virtu Financial by 103.8% during the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider's stock worth $34,000 after purchasing an additional 387 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Virtu Financial by 1,624.1% during the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider's stock worth $38,000 after purchasing an additional 942 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in Virtu Financial during the first quarter worth $54,000. Institutional investors and hedge funds own 45.78% of the company's stock.

Virtu Financial Trading Down 0.1%

NASDAQ VIRT opened at $33.20 on Friday. Virtu Financial has a one year low of $29.82 and a one year high of $45.77. The company's 50 day moving average price is $38.51 and its 200 day moving average price is $40.16. 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 firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.14 and a beta of 0.62.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The company had revenue of $274.00 million during the quarter. On average, sell-side analysts predict that Virtu Financial will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.9%. Virtu Financial's dividend payout ratio (DPR) is presently 21.82%.

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.

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