Virtu Financial, Inc. (NASDAQ:VIRT) Receives $30.21 Average Price Target from Analysts

Shares of Virtu Financial, Inc. (NASDAQ:VIRT) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.21.

A number of brokerages have issued reports on VIRT. The Goldman Sachs Group increased their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Bank of America dropped their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley boosted their price target on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Citigroup lifted their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th.

Institutional Trading of Virtu Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. USA Financial Formulas acquired a new position in Virtu Financial during the 3rd quarter worth approximately $33,000. Abich Financial Wealth Management LLC lifted its stake in shares of Virtu Financial by 22.2% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 487 shares during the period. GAMMA Investing LLC lifted its stake in shares of Virtu Financial by 149.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,442 shares during the period. KBC Group NV boosted its holdings in Virtu Financial by 42.9% in the third quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 860 shares during the last quarter. Finally, Quarry LP boosted its holdings in Virtu Financial by 129.1% in the second quarter. Quarry LP now owns 6,130 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 3,454 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Trading Down 1.2 %

NASDAQ:VIRT opened at $34.21 on Thursday. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 0.49 and a beta of 0.45. The company’s 50 day moving average price is $35.96 and its 200-day moving average price is $31.60. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $38.45. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The firm had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. During the same period last year, the business posted $0.40 EPS. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities research analysts forecast that Virtu Financial will post 2.71 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Friday, November 29th. Virtu Financial’s payout ratio is currently 48.24%.

About Virtu Financial

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.