Virtu Financial Target of Unusually High Options Trading (VIRT)

Virtu Financial Inc (NASDAQ:VIRT) was the target of some unusual options trading on Thursday. Traders purchased 1,627 put options on the company. This represents an increase of approximately 1,202% compared to the average daily volume of 125 put options.

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Virtu Financial in the third quarter valued at about $104,000. Ffcm LLC purchased a new position in Virtu Financial in the third quarter valued at about $116,000. Penserra Capital Management LLC boosted its holdings in Virtu Financial by 73.2% in the fourth quarter. Penserra Capital Management LLC now owns 9,415 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 3,979 shares during the last quarter. Stevens Capital Management LP purchased a new position in Virtu Financial in the third quarter valued at about $179,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Virtu Financial in the fourth quarter valued at about $232,000. 47.41% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on VIRT shares. Zacks Investment Research lowered Virtu Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 6th. BidaskClub upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. JPMorgan Chase & Co. set a $22.00 target price on Virtu Financial and gave the company a “neutral” rating in a research note on Tuesday, February 13th. TheStreet upgraded Virtu Financial from a “d+” rating to a “c-” rating in a research note on Thursday, December 7th. Finally, Citigroup upgraded Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 target price for the company in a research note on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.00.

Shares of Virtu Financial (VIRT) opened at $28.62 on Friday. 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 has a 12 month low of $13.10 and a 12 month high of $34.00. The stock has a market capitalization of $5,475.89, a PE ratio of 51.32 and a beta of 0.43.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Thursday, February 8th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. Virtu Financial had a return on equity of 12.23% and a net margin of 1.69%. The business had revenue of $460.42 million during the quarter, compared to analyst estimates of $194.80 million. During the same quarter last year, the firm earned $0.24 earnings per share. analysts expect that Virtu Financial will post 1.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 28th. Virtu Financial’s dividend payout ratio is currently 436.38%.

Virtu Financial declared that its Board of Directors has approved a share repurchase plan on Thursday, February 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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Virtu Financial Company Profile

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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