Virtu Financial Inc (VIRT) Given Average Recommendation of “Hold” by Analysts

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Shares of Virtu Financial Inc (NASDAQ:VIRT) have received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.38.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Virtu Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, December 11th. ValuEngine lowered shares of Virtu Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley set a $29.00 price target on shares of Virtu Financial and gave the stock a “hold” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 29th. Finally, Goldman Sachs Group upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Friday, January 4th.

In related news, CEO Douglas A. Cifu sold 127,088 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $26.31, for a total transaction of $3,343,685.28. Following the sale, the chief executive officer now owns 138,544 shares in the company, valued at approximately $3,645,092.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 73.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in Virtu Financial by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 557,300 shares of the financial services provider’s stock valued at $14,356,000 after buying an additional 4,180 shares in the last quarter. Neuburgh Advisers LLC boosted its position in Virtu Financial by 85.6% in the fourth quarter. Neuburgh Advisers LLC now owns 36,768 shares of the financial services provider’s stock valued at $947,000 after buying an additional 16,960 shares in the last quarter. PEAK6 Investments LLC boosted its position in Virtu Financial by 111.1% in the fourth quarter. PEAK6 Investments LLC now owns 20,974 shares of the financial services provider’s stock valued at $540,000 after buying an additional 11,039 shares in the last quarter. Stifel Financial Corp acquired a new stake in Virtu Financial in the fourth quarter valued at approximately $2,332,000. Finally, Natixis Advisors L.P. acquired a new stake in Virtu Financial in the fourth quarter valued at approximately $2,046,000. Hedge funds and other institutional investors own 56.60% of the company’s stock.

Shares of NASDAQ:VIRT opened at $26.27 on Thursday. Virtu Financial has a 12-month low of $19.65 and a 12-month high of $37.85. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 3.13 and a beta of -0.72. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Thursday, February 7th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Virtu Financial had a net margin of 15.39% and a return on equity of 24.91%. The firm had revenue of $299.20 million for the quarter, compared to analyst estimates of $292.87 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue was up 26.1% compared to the same quarter last year. Equities analysts expect that Virtu Financial will post 1.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 3.65%. Virtu Financial’s dividend payout ratio is 48.98%.

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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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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