Virtu Financial Target of Unusually High Options Trading (VIRT)

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Virtu Financial Inc (NASDAQ:VIRT) saw some unusual options trading on Tuesday. Stock investors acquired 4,562 put options on the stock. This represents an increase of 3,937% compared to the typical volume of 113 put options.

VIRT stock opened at $23.71 on Wednesday. The firm has a market cap of $4.69 billion, a PE ratio of 41.60, a PEG ratio of 3.52 and a beta of -0.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.60. Virtu Financial has a 52 week low of $17.55 and a 52 week high of $37.85.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $177.92 million during the quarter, compared to the consensus estimate of $171.99 million. Virtu Financial had a return on equity of 19.85% and a net margin of 12.32%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. On average, analysts forecast that Virtu Financial will post 1.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.05%. Virtu Financial’s payout ratio is 168.42%.

Several research analysts have weighed in on VIRT shares. Morgan Stanley boosted their price target on Virtu Financial from $22.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, November 14th. BidaskClub downgraded Virtu Financial from a “sell” rating to a “strong sell” rating in a report on Friday, September 28th. ValuEngine upgraded Virtu Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research upgraded Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $30.64.

Several hedge funds have recently added to or reduced their stakes in VIRT. Parallel Advisors LLC increased its holdings in shares of Virtu Financial by 19,303.8% during the 3rd quarter. Parallel Advisors LLC now owns 5,045 shares of the financial services provider’s stock worth $103,000 after buying an additional 5,019 shares during the last quarter. Strs Ohio acquired a new stake in shares of Virtu Financial during the 2nd quarter worth $201,000. State of Wisconsin Investment Board purchased a new stake in Virtu Financial during the 2nd quarter worth $203,000. State Board of Administration of Florida Retirement System purchased a new stake in Virtu Financial during the 2nd quarter worth $206,000. Finally, Trexquant Investment LP purchased a new stake in Virtu Financial during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 55.59% of the company’s stock.

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About Virtu Financial

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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