Virtu Financial (NASDAQ:VIRT) Sets New 12-Month Low at $17.66

Shares of Virtu Financial Inc (NASDAQ:VIRT) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $17.66 and last traded at $17.86, with a volume of 251275 shares traded. The stock had previously closed at $18.24.

A number of research firms recently issued reports on VIRT. Morgan Stanley set a $20.00 price objective on shares of Virtu Financial and gave the stock a “hold” rating in a research report on Friday, August 9th. TheStreet cut shares of Virtu Financial from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. BidaskClub cut shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, August 23rd. ValuEngine upgraded shares of Virtu Financial from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 15th. Finally, Rosenblatt Securities began coverage on shares of Virtu Financial in a research report on Wednesday, June 26th. They set a “buy” rating and a $29.00 price objective for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.67.

The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $3.48 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 3.17 and a beta of -0.60. The stock’s fifty day simple moving average is $20.26 and its two-hundred day simple moving average is $23.04.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.11). Virtu Financial had a return on equity of 17.64% and a net margin of 3.58%. The business had revenue of $378.50 million for the quarter, compared to the consensus estimate of $262.19 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. As a group, analysts expect that Virtu Financial Inc will post 1.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Friday, August 30th. Virtu Financial’s payout ratio is 48.98%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bremer Bank National Association bought a new stake in shares of Virtu Financial in the 1st quarter valued at $83,000. Point72 Hong Kong Ltd boosted its stake in shares of Virtu Financial by 31.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,068 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,222 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Virtu Financial by 39.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,256 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 1,773 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Virtu Financial by 32.6% in the 2nd quarter. Parallel Advisors LLC now owns 6,689 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Virtu Financial by 19.5% in the 4th quarter. Legal & General Group Plc now owns 6,703 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 1,096 shares during the last quarter. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

Virtu Financial Company Profile (NASDAQ:VIRT)

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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