Analysts Set Virtu Financial, Inc. (NASDAQ:VIRT) PT at $27.79

Shares of Virtu Financial, Inc. (NASDAQ:VIRT) have earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $27.50.

A number of analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Virtu Financial from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. The Goldman Sachs Group raised their target price on shares of Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. UBS Group raised their target price on shares of Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Finally, Citigroup raised their target price on shares of Virtu Financial from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 19th.

Insider Buying and Selling at Virtu Financial

In other news, Director Virginia Gambale sold 5,400 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $27.30, for a total value of $147,420.00. Following the transaction, the director now owns 24,122 shares of the company’s stock, valued at approximately $658,530.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 46.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Virtu Financial

Hedge funds have recently made changes to their positions in the business. Riverview Trust Co purchased a new position in shares of Virtu Financial in the 1st quarter valued at $26,000. Quarry LP raised its stake in shares of Virtu Financial by 79.9% in the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 746 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Virtu Financial in the 2nd quarter valued at $39,000. Innealta Capital LLC purchased a new position in shares of Virtu Financial in the 2nd quarter valued at $46,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Virtu Financial by 21.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 372 shares during the period. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Stock Down 0.2 %

VIRT stock opened at $31.71 on Tuesday. The company’s 50 day simple moving average is $30.29 and its 200-day simple moving average is $25.40. The firm has a market capitalization of $4.98 billion, a PE ratio of 22.17, a P/E/G ratio of 0.49 and a beta of 0.38. Virtu Financial has a 12 month low of $16.02 and a 12 month high of $32.88. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.43 and a quick ratio of 0.43.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.60 by $0.23. The business had revenue of $385.10 million for the quarter, compared to analyst estimates of $331.92 million. Virtu Financial had a net margin of 7.59% and a return on equity of 22.74%. The company’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. Equities analysts expect that Virtu Financial will post 2.47 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were issued a $0.24 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.03%. Virtu Financial’s dividend payout ratio (DPR) is presently 67.13%.

About Virtu Financial

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.