Zacks Investment Research upgraded shares of Virtu Financial (NASDAQ:VIRT) from a sell rating to a hold rating in a research report released on Saturday.
According to Zacks, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York. “
VIRT has been the subject of a number of other research reports. Evercore ISI initiated coverage on Virtu Financial in a report on Monday, October 2nd. They set an in-line rating and a $17.00 target price for the company. TheStreet lowered Virtu Financial from a c- rating to a d+ rating in a report on Thursday, October 12th. J P Morgan Chase & Co reaffirmed an underweight rating and set a $13.00 target price on shares of Virtu Financial in a report on Wednesday, October 18th. Rosenblatt Securities initiated coverage on Virtu Financial in a report on Friday, September 15th. They set a neutral rating and a $18.00 target price for the company. Finally, BidaskClub lowered Virtu Financial from a sell rating to a strong sell rating in a report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $16.86.
Shares of Virtu Financial (NASDAQ VIRT) opened at $16.95 on Friday. Virtu Financial has a 52 week low of $13.10 and a 52 week high of $19.07. The stock has a market capitalization of $3,257.45, a PE ratio of 29.49 and a beta of 0.38. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.23.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $159.79 million for the quarter, compared to analysts’ expectations of $157.40 million. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The firm’s quarterly revenue was up 64.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. equities analysts anticipate that Virtu Financial will post 0.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date is Thursday, November 30th. Virtu Financial’s payout ratio is presently 600.04%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its holdings in shares of Virtu Financial by 43.2% during the third quarter. GSA Capital Partners LLP now owns 28,376 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 8,567 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Virtu Financial by 4.1% during the third quarter. Janney Montgomery Scott LLC now owns 144,095 shares of the financial services provider’s stock worth $2,334,000 after purchasing an additional 5,727 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Virtu Financial during the third quarter worth about $291,000. Temasek Holdings Private Ltd grew its holdings in shares of Virtu Financial by 65.1% during the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock worth $329,354,000 after purchasing an additional 8,012,821 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Virtu Financial by 3.1% during the third quarter. Royce & Associates LP now owns 668,300 shares of the financial services provider’s stock worth $10,826,000 after purchasing an additional 20,000 shares in the last quarter. 26.58% of the stock is owned by institutional investors.
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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.
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