Shares of Virtu Financial, Inc. (NASDAQ:VIRT) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.86.
Several equities analysts have recently commented on the company. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $13.00 target price on shares of Virtu Financial in a report on Wednesday, November 8th. Sandler O’Neill set a $19.00 price objective on Virtu Financial and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Evercore ISI boosted their price objective on Virtu Financial from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 7th. Rosenblatt Securities reiterated a “neutral” rating and set a $18.00 price objective on shares of Virtu Financial in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded Virtu Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Temasek Holdings Private Ltd lifted its position in Virtu Financial by 65.1% in the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock worth $329,354,000 after purchasing an additional 8,012,821 shares during the period. Van Berkom & Associates Inc. lifted its position in Virtu Financial by 103.9% in the third quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock worth $60,714,000 after purchasing an additional 1,909,864 shares during the period. Artisan Partners Limited Partnership acquired a new stake in Virtu Financial in the second quarter worth approximately $19,224,000. FMR LLC lifted its position in Virtu Financial by 39.9% in the second quarter. FMR LLC now owns 2,215,100 shares of the financial services provider’s stock worth $39,097,000 after purchasing an additional 631,431 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Virtu Financial by 417.3% in the first quarter. Renaissance Technologies LLC now owns 421,100 shares of the financial services provider’s stock worth $7,159,000 after purchasing an additional 339,691 shares during the period. Institutional investors and hedge funds own 22.37% of the company’s stock.
Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $159.79 million during the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The business’s revenue was up 64.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. sell-side analysts predict that Virtu Financial will post 0.41 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.96 annualized dividend and a dividend yield of 6.08%. Virtu Financial’s dividend payout ratio is presently 800.00%.
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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