ValuEngine Lowers Virtu Financial (VIRT) to Hold

ValuEngine downgraded shares of Virtu Financial (NASDAQ:VIRT) from a buy rating to a hold rating in a research note released on Thursday.

A number of other research analysts have also recently weighed in on the stock. BidaskClub raised shares of Virtu Financial from a sell rating to a hold rating in a research report on Thursday. Zacks Investment Research cut shares of Virtu Financial from a hold rating to a sell rating in a research report on Friday, October 12th. Citigroup reaffirmed a hold rating on shares of Virtu Financial in a research report on Friday, October 5th. Compass Point assumed coverage on shares of Virtu Financial in a research report on Wednesday, September 19th. They set a neutral rating and a $23.00 price target on the stock. Finally, Morgan Stanley assumed coverage on shares of Virtu Financial in a research report on Wednesday, August 8th. They set an equal weight rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $30.09.

VIRT stock traded up $0.47 during midday trading on Thursday, reaching $23.49. 1,128,523 shares of the company’s stock traded hands, compared to its average volume of 1,043,579. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 41.21, a price-to-earnings-growth ratio of 3.37 and a beta of -0.77. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.70. Virtu Financial has a fifty-two week low of $13.10 and a fifty-two week high of $37.85.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Friday, July 27th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). The business had revenue of $328.10 million for the quarter, compared to analyst estimates of $236.08 million. Virtu Financial had a net margin of 11.30% and a return on equity of 19.62%. The company’s quarterly revenue was up 126.4% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Virtu Financial will post 1.41 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC lifted its position in shares of Virtu Financial by 43.1% during the second quarter. Aperio Group LLC now owns 9,129 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 2,751 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Virtu Financial by 57.3% during the second quarter. BNP Paribas Arbitrage SA now owns 8,498 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 3,094 shares in the last quarter. First Bank & Trust lifted its position in shares of Virtu Financial by 41.3% during the second quarter. First Bank & Trust now owns 11,774 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 3,444 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Virtu Financial by 11.9% during the third quarter. Private Advisor Group LLC now owns 33,975 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 3,624 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Virtu Financial by 53.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 11,955 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 4,186 shares in the last quarter. 54.00% of the stock is currently owned by institutional investors and hedge funds.

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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