Virtu Financial (VIRT) Upgraded at ValuEngine

ValuEngine upgraded shares of Virtu Financial (NASDAQ:VIRT) from a hold rating to a buy rating in a research note released on Wednesday.

A number of other equities analysts also recently weighed in on VIRT. BidaskClub downgraded shares of Virtu Financial from a sell rating to a strong sell rating in a research note on Tuesday, July 17th. Citigroup cut their price target on shares of Virtu Financial from $37.00 to $28.00 and set a $26.55 rating on the stock in a research note on Wednesday, July 18th. Sandler O’Neill reissued a buy rating and issued a $27.00 target price on shares of Virtu Financial in a research note on Friday, July 27th. Jefferies Financial Group reissued a buy rating and issued a $25.00 target price on shares of Virtu Financial in a research note on Monday, July 30th. Finally, Morgan Stanley initiated coverage on shares of Virtu Financial in a research note on Wednesday, August 8th. They issued an equal weight rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $30.09.

NASDAQ:VIRT traded down $0.51 during trading hours on Wednesday, reaching $24.51. 1,587,449 shares of the company were exchanged, compared to its average volume of 1,435,594. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.70. The company has a market cap of $4.87 billion, a P/E ratio of 17.77, a P/E/G ratio of 3.63 and a beta of -0.95. Virtu Financial has a 52-week low of $14.98 and a 52-week high of $37.85.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $177.92 million for the quarter, compared to the consensus estimate of $171.99 million. Virtu Financial had a net margin of 12.32% and a return on equity of 19.98%. Virtu Financial’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. Research analysts forecast that Virtu Financial will post 1.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Thursday, November 29th. Virtu Financial’s dividend payout ratio is presently 168.42%.

Hedge funds have recently modified their holdings of the company. Crawford Lake Capital Management LLC purchased a new position in shares of Virtu Financial in the 2nd quarter valued at $1,338,000. EJF Capital LLC purchased a new stake in Virtu Financial during the 2nd quarter worth $266,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Virtu Financial during the 2nd quarter worth $1,181,000. Private Advisor Group LLC increased its stake in Virtu Financial by 88.4% during the 2nd quarter. Private Advisor Group LLC now owns 30,351 shares of the financial services provider’s stock worth $775,000 after buying an additional 14,245 shares during the period. Finally, BlackRock Inc. increased its stake in Virtu Financial by 8.0% during the 2nd quarter. BlackRock Inc. now owns 2,268,190 shares of the financial services provider’s stock worth $60,220,000 after buying an additional 167,624 shares during the period. 53.90% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Company Profile

Virtu Financial, Inc engages in the business of buying and selling of securities and other financial instruments. It offers market making and trading solutions. The company was founded by Vincent Viola in 2008 and is headquartered in New York, NY.

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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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