Shares of Virtu Financial Inc (NASDAQ:VIRT) have been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.38.
VIRT has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Virtu Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 6th. Evercore ISI boosted their price target on shares of Virtu Financial from $17.00 to $18.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 7th. Citigroup upgraded shares of Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price target on the stock in a research note on Wednesday, November 8th. Goldman Sachs Group boosted their price target on shares of Virtu Financial from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $18.00 price target on shares of Virtu Financial in a research note on Tuesday, November 7th.
Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Virtu Financial during the third quarter worth about $104,000. Ffcm LLC acquired a new position in Virtu Financial during the third quarter worth about $116,000. Penserra Capital Management LLC grew its position in Virtu Financial by 73.2% during the fourth quarter. Penserra Capital Management LLC now owns 9,415 shares of the financial services provider’s stock worth $172,000 after buying an additional 3,979 shares during the period. Stevens Capital Management LP acquired a new position in Virtu Financial during the third quarter worth about $179,000. Finally, Sheets Smith Wealth Management acquired a new position in Virtu Financial during the fourth quarter worth about $272,000. Institutional investors and hedge funds own 26.78% of the company’s stock.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. The company had revenue of $460.42 million for the quarter, compared to analyst estimates of $194.80 million. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. During the same period in the previous year, the business posted $0.24 earnings per share. research analysts anticipate that Virtu Financial will post 0.41 EPS for the current year.
Virtu Financial declared that its Board of Directors has initiated a share repurchase program on Thursday, February 8th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.43%. Virtu Financial’s dividend payout ratio (DPR) is 600.04%.
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.
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