Virtu Financial (VIRT) Lifted to C- at TheStreet

Virtu Financial (NASDAQ:VIRT) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts also recently issued reports on the company. BidaskClub upgraded Virtu Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Zacks Investment Research raised Virtu Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. J P Morgan Chase & Co reissued an “underweight” rating and issued a $13.00 price objective on shares of Virtu Financial in a research report on Wednesday, November 8th. Goldman Sachs Group boosted their price objective on Virtu Financial from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Finally, Sandler O’Neill set a $19.00 price target on Virtu Financial and gave the company a “buy” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Virtu Financial has an average rating of “Hold” and an average price target of $16.86.

Shares of Virtu Financial (NASDAQ:VIRT) opened at $16.85 on Thursday. Virtu Financial has a 12 month low of $13.10 and a 12 month high of $19.07. The company has a market capitalization of $3,032.80, a PE ratio of 27.46 and a beta of 0.38. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The firm had revenue of $159.79 million for the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The company’s revenue was up 64.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. sell-side analysts anticipate that Virtu Financial will post 0.42 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of VIRT. Teachers Advisors LLC grew its position in Virtu Financial by 1.7% during the 1st quarter. Teachers Advisors LLC now owns 55,958 shares of the financial services provider’s stock worth $951,000 after acquiring an additional 955 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Virtu Financial by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,275,435 shares of the financial services provider’s stock worth $38,683,000 after buying an additional 38,170 shares during the period. Geode Capital Management LLC lifted its holdings in Virtu Financial by 8.4% in the 1st quarter. Geode Capital Management LLC now owns 317,906 shares of the financial services provider’s stock worth $5,404,000 after buying an additional 24,754 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Virtu Financial in the 1st quarter worth approximately $2,551,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Virtu Financial by 7.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 110,583 shares of the financial services provider’s stock worth $1,880,000 after buying an additional 7,353 shares during the period. Institutional investors and hedge funds own 26.58% of the company’s stock.

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About Virtu Financial

Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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