Virtu Financial, Inc. (NASDAQ:VIRT) Receives $30.21 Consensus PT from Brokerages

Virtu Financial, Inc. (NASDAQ:VIRT) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $30.21.

A number of analysts have recently weighed in on the company. Citigroup raised their target price on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Bank of America reduced their target price on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group increased their target price on shares of Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Piper Sandler increased their price objective on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley boosted their target price on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Peddock Capital Advisors LLC raised its position in shares of Virtu Financial by 23.4% in the fourth quarter. Peddock Capital Advisors LLC now owns 27,806 shares of the financial services provider’s stock worth $992,000 after buying an additional 5,276 shares in the last quarter. HBW Advisory Services LLC boosted its holdings in Virtu Financial by 6.8% during the 4th quarter. HBW Advisory Services LLC now owns 7,974 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 509 shares during the period. Diversified Trust Co bought a new position in shares of Virtu Financial in the fourth quarter worth approximately $380,000. GAMMA Investing LLC raised its stake in shares of Virtu Financial by 135.9% during the fourth quarter. GAMMA Investing LLC now owns 5,686 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 3,276 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Virtu Financial by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 358,065 shares of the financial services provider’s stock worth $10,907,000 after buying an additional 117,062 shares during the period. 45.78% of the stock is owned by institutional investors.

Virtu Financial Stock Performance

Shares of VIRT opened at $34.21 on Thursday. The company’s fifty day moving average is $35.96 and its 200-day moving average is $31.60. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. Virtu Financial has a 12 month low of $16.02 and a 12 month high of $38.45. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 0.49 and a beta of 0.45.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $388.00 million during the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The firm’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities analysts expect that Virtu Financial will post 2.71 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.81%. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

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.