Virtu Financial, Inc. (VIRT) Given Consensus Rating of “Hold” by Analysts
Virtu Financial, Inc. (NASDAQ:VIRT) has earned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.00.
VIRT has been the subject of a number of research reports. BidaskClub lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Rosenblatt Securities began coverage on shares of Virtu Financial in a report on Friday, September 15th. They set a “neutral” rating and a $18.00 target price on the stock. Zacks Investment Research raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Citigroup Inc. cut shares of Virtu Financial from a “neutral” rating to a “sell” rating and decreased their price target for the company from $17.00 to $16.00 in a research report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $16.00 price target on shares of Virtu Financial in a research report on Thursday, August 10th.
In related news, major shareholder North Island Ventures, Llc bought 338,124 shares of Virtu Financial stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $15.44 per share, for a total transaction of $5,220,634.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings (Private) Ltd Temasek bought 6,346,155 shares of Virtu Financial stock in a transaction that occurred on Thursday, July 20th. The stock was bought at an average price of $15.60 per share, for a total transaction of $99,000,018.00. The disclosure for this purchase can be found here. 69.90% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in VIRT. Parametric Portfolio Associates LLC raised its holdings in Virtu Financial by 1.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,112 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 185 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its position in shares of Virtu Financial by 0.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 39,210 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 200 shares during the period. Forward Management LLC lifted its position in shares of Virtu Financial by 1.1% in the 2nd quarter. Forward Management LLC now owns 31,119 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 325 shares during the period. Teachers Advisors LLC lifted its position in shares of Virtu Financial by 1.7% in the 1st quarter. Teachers Advisors LLC now owns 55,958 shares of the financial services provider’s stock worth $951,000 after purchasing an additional 955 shares during the period. Finally, American International Group Inc. lifted its position in shares of Virtu Financial by 7.1% in the 1st quarter. American International Group Inc. now owns 15,512 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 1,023 shares during the period. 46.67% of the stock is owned by institutional investors and hedge funds.
Shares of Virtu Financial (VIRT) opened at 16.20 on Monday. The company’s 50 day moving average is $16.98 and its 200-day moving average is $16.60. The company has a market capitalization of $1.41 billion, a P/E ratio of 35.22 and a beta of 0.37. Virtu Financial has a 1-year low of $12.35 and a 1-year high of $19.07.
Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.10). Virtu Financial had a return on equity of 16.54% and a net margin of 3.42%. The firm had revenue of $77.10 million for the quarter, compared to the consensus estimate of $82.23 million. During the same quarter last year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was down 24.6% on a year-over-year basis. On average, equities research analysts forecast that Virtu Financial will post $0.64 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 5.93%. Virtu Financial’s payout ratio is 188.24%.
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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.
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