Virtu Financial Inc (VIRT) Receives Consensus Rating of “Hold” from Brokerages

Virtu Financial Inc (NASDAQ:VIRT) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $16.86.

Several brokerages have recently commented on VIRT. Zacks Investment Research downgraded shares of Virtu Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday. BidaskClub raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. TheStreet downgraded shares of Virtu Financial from a “c-” rating to a “d+” rating in a research note on Thursday, October 12th. Rosenblatt Securities began coverage on shares of Virtu Financial in a research note on Friday, September 15th. They issued a “neutral” rating and a $18.00 price target for the company. Finally, Evercore ISI began coverage on shares of Virtu Financial in a research note on Monday, October 2nd. They issued an “in-line” rating and a $17.00 price target for the company.

Virtu Financial (VIRT) opened at $18.45 on Wednesday. The company has a market cap of $3,460.00 and a PE ratio of 153.75. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63. Virtu Financial has a one year low of $13.10 and a one year high of $19.07.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $159.79 million during the quarter, compared to the consensus estimate of $157.40 million. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. The company’s quarterly revenue was up 64.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. sell-side analysts predict that Virtu Financial will post 0.42 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Thursday, November 30th. Virtu Financial’s payout ratio is currently 800.00%.

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Virtu Financial in the third quarter worth about $104,000. Ffcm LLC bought a new position in Virtu Financial in the third quarter worth about $116,000. WBI Investments Inc. bought a new position in Virtu Financial in the second quarter worth about $194,000. Stevens Capital Management LP bought a new position in Virtu Financial in the third quarter worth about $179,000. Finally, Jane Street Group LLC bought a new position in Virtu Financial in the third quarter worth about $291,000. 26.58% of the stock is owned by institutional investors.

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Virtu Financial Company Profile

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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