Virtu Financial, Inc. (NASDAQ:VIRT) Receives $27.36 Consensus Price Target from Analysts

Virtu Financial, Inc. (NASDAQ:VIRT) has received an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $27.36.

Several equities analysts have weighed in on the company. Piper Sandler lifted their price objective on Virtu Financial from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, July 19th. UBS Group lifted their price objective on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Citigroup lifted their price objective on Virtu Financial from $26.00 to $32.00 and gave the company a “buy” rating in a report on Friday, July 19th. Bank of America lifted their price target on Virtu Financial from $25.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, StockNews.com upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th.

Insider Buying and Selling

In related news, Director Virginia Gambale sold 5,400 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $27.30, for a total transaction of $147,420.00. Following the sale, the director now owns 24,122 shares in the company, valued at approximately $658,530.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 46.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Virtu Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its position in Virtu Financial by 76.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 73,572 shares of the financial services provider’s stock worth $1,510,000 after acquiring an additional 31,884 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Virtu Financial in the 1st quarter valued at about $1,238,000. Norges Bank bought a new stake in shares of Virtu Financial in the 4th quarter valued at about $12,575,000. Diversify Advisory Services LLC bought a new stake in shares of Virtu Financial in the 1st quarter valued at about $957,000. Finally, Seven Eight Capital LP bought a new stake in shares of Virtu Financial in the 1st quarter valued at about $1,368,000. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Price Performance

Shares of NASDAQ VIRT opened at $31.35 on Friday. The stock has a market capitalization of $4.89 billion, a PE ratio of 21.92, a P/E/G ratio of 0.50 and a beta of 0.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.43 and a quick ratio of 0.43. The business has a fifty day moving average price of $27.87 and a two-hundred day moving average price of $23.72. Virtu Financial has a fifty-two week low of $16.02 and a fifty-two week high of $31.85.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.23. The firm had revenue of $385.10 million during the quarter, compared to analysts’ expectations of $331.92 million. Virtu Financial had a return on equity of 22.74% and a net margin of 7.59%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. As a group, equities analysts predict that Virtu Financial will post 2.42 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st will be paid a $0.24 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 3.06%. Virtu Financial’s payout ratio is 67.13%.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.