Virtu Financial, Inc. (NASDAQ:VIRT - Get Free Report) has earned a consensus recommendation of "Hold" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $29.50.
Several brokerages have recently weighed in on VIRT. The Goldman Sachs Group boosted their target price on Virtu Financial from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Monday, September 30th. Morgan Stanley upped their target price on Virtu Financial from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Piper Sandler reiterated an "overweight" rating and set a $35.00 price target on shares of Virtu Financial in a report on Thursday, October 24th. Bank of America dropped their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Finally, Citigroup lifted their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th.
Get Our Latest Stock Analysis on Virtu Financial
Shares of VIRT stock opened at $36.49 on Friday. Virtu Financial has a fifty-two week low of $16.02 and a fifty-two week high of $38.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The stock's fifty day moving average is $34.38 and its two-hundred day moving average is $29.73. The firm has a market capitalization of $5.64 billion, a P/E ratio of 18.34, a PEG ratio of 0.49 and a beta of 0.43.
Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its earnings results 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. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The business had revenue of $388.00 million during the quarter, compared to analysts' expectations of $379.18 million. During the same period in the prior year, the business earned $0.40 earnings per share. The company's quarterly revenue was up 30.2% compared to the same quarter last year. Research analysts expect that Virtu Financial will post 2.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, November 29th. Virtu Financial's dividend payout ratio (DPR) is 48.24%.
Several institutional investors have recently added to or reduced their stakes in VIRT. FMR LLC lifted its stake in Virtu Financial by 38.0% during the third quarter. FMR LLC now owns 4,974,095 shares of the financial services provider's stock worth $151,511,000 after purchasing an additional 1,368,419 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Virtu Financial by 3.5% during the 2nd quarter. Renaissance Technologies LLC now owns 3,643,686 shares of the financial services provider's stock worth $81,801,000 after acquiring an additional 124,563 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Virtu Financial by 39.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,215,833 shares of the financial services provider's stock worth $27,295,000 after acquiring an additional 342,327 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Virtu Financial during the 3rd quarter valued at about $29,815,000. Finally, Old West Investment Management LLC increased its stake in Virtu Financial by 4.3% during the second quarter. Old West Investment Management LLC now owns 681,441 shares of the financial services provider's stock worth $15,298,000 after purchasing an additional 28,199 shares during the period. Institutional investors and hedge funds own 45.78% of the company's stock.
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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