Virtu Financial, Inc. (NASDAQ:VIRT) Receives Average Rating of "Hold" from Brokerages

Shares of Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $41.4286.

A number of equities research analysts recently weighed in on VIRT shares. Piper Sandler increased their price target on Virtu Financial from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. UBS Group restated a "neutral" rating and issued a $45.00 price target (up previously from $40.00) on shares of Virtu Financial in a research note on Monday, August 4th. Morgan Stanley increased their price target on Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group dropped their price target on Virtu Financial from $48.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th.

Virtu Financial Trading Down 0.1%

Shares of Virtu Financial stock opened at $33.20 on Friday. Virtu Financial has a 12-month low of $29.82 and a 12-month high of $45.77. The stock has a market cap of $5.08 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.14 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The business's 50 day moving average is $38.51 and its 200-day moving average is $40.16.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced 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 return on equity of 32.08% and a net margin of 10.43%.The company had revenue of $274.00 million for the quarter. Equities research analysts predict that Virtu Financial will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

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

Insiders Place Their Bets

In other Virtu Financial news, COO Brett Fairclough sold 90,701 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total transaction of $3,845,722.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 47.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VIRT. Bessemer Group Inc. increased its position in Virtu Financial by 96.0% during the 2nd quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider's stock worth $26,000 after buying an additional 285 shares during the period. Brooklyn Investment Group increased its position in Virtu Financial by 243.0% during the 1st quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider's stock worth $30,000 after buying an additional 554 shares during the period. EverSource Wealth Advisors LLC increased its position in Virtu Financial by 103.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider's stock worth $34,000 after buying an additional 387 shares during the period. Jones Financial Companies Lllp increased its position in Virtu Financial by 1,624.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider's stock worth $38,000 after buying an additional 942 shares during the period. Finally, Penserra Capital Management LLC bought a new position in Virtu Financial during the 1st quarter worth $54,000. Institutional investors own 45.78% of the company's stock.

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.

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