Shares of Virtu Financial Inc (NASDAQ:VIRT) have received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.57.
Several research firms have recently commented on VIRT. JPMorgan Chase increased their price target on shares of Virtu Financial from $22.00 to $29.00 and gave the company a “hold” rating in a research note on Tuesday. Zacks Investment Research cut shares of Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 13th. BidaskClub raised shares of Virtu Financial from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 28th. Citigroup increased their price target on shares of Virtu Financial from $15.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, UBS set a $31.00 price target on shares of Virtu Financial and gave the company a “buy” rating in a research note on Monday, February 12th.
Shares of VIRT traded up $0.05 during mid-day trading on Friday, hitting $35.20. 707,513 shares of the company traded hands, compared to its average volume of 715,866. Virtu Financial has a one year low of $13.10 and a one year high of $37.85. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $6,906.50, a P/E ratio of 64.39 and a beta of -0.58.
Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.10. Virtu Financial had a net margin of 1.69% and a return on equity of 10.73%. The business had revenue of $460.42 million for the quarter, compared to analysts’ expectations of $194.80 million. During the same period in the prior year, the firm earned $0.24 earnings per share. analysts anticipate that Virtu Financial will post 1.59 EPS for the current year.
Virtu Financial declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 8th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC boosted its stake 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 acquiring an additional 3,979 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Virtu Financial in the fourth quarter worth $232,000. MetLife Investment Advisors LLC acquired a new stake in Virtu Financial in the fourth quarter worth $236,000. Sheets Smith Wealth Management acquired a new stake in Virtu Financial in the fourth quarter worth $272,000. Finally, Teacher Retirement System of Texas acquired a new stake in Virtu Financial in the fourth quarter worth $296,000. 47.36% of the stock is currently owned by hedge funds and other 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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