Virtu Financial, Inc. (VIRT) Receives Consensus Recommendation of “Hold” from Brokerages

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.

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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) opened at $15.80 on Tuesday. The company has a market capitalization of $2,960.00 and a P/E ratio of 26.52. Virtu Financial has a fifty-two week low of $13.10 and a fifty-two week high of $19.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.23.

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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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