Virtu Financial (VIRT) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Virtu Financial (NASDAQ:VIRT) from a sell rating to a hold rating in a research report released on Wednesday morning.
According to Zacks, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York. “
A number of other brokerages also recently issued reports on VIRT. BidaskClub upgraded Virtu Financial from a sell rating to a hold rating in a research note on Saturday, December 2nd. TheStreet downgraded Virtu Financial from a c- rating to a d+ rating in a research note on Thursday, October 12th. Rosenblatt Securities assumed coverage on Virtu Financial in a research note on Friday, September 15th. They issued a neutral rating and a $18.00 price objective for the company. Evercore ISI assumed coverage on Virtu Financial in a research report on Monday, October 2nd. They set an in-line rating and a $17.00 price target on the stock. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating and set a $13.00 price target on shares of Virtu Financial in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $16.86.
Virtu Financial (NASDAQ:VIRT) opened at $18.30 on Wednesday. The stock has a market capitalization of $3,430.00 and a price-to-earnings ratio of 152.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.63. Virtu Financial has a 12 month low of $13.10 and a 12 month high of $19.07.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $159.79 million during the quarter, compared to the consensus estimate of $157.40 million. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The business’s revenue for the quarter was up 64.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. equities research analysts expect that Virtu Financial will post 0.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.25%. Virtu Financial’s dividend payout ratio (DPR) is 800.00%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Temasek Holdings Private Ltd lifted its holdings in Virtu Financial by 65.1% during the 3rd quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock worth $329,354,000 after purchasing an additional 8,012,821 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Virtu Financial by 86.8% during the 2nd quarter. HighTower Advisors LLC now owns 135,219 shares of the financial services provider’s stock worth $2,390,000 after purchasing an additional 62,845 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in shares of Virtu Financial by 8.7% in the 2nd quarter. Capital Advisors Inc. OK now owns 733,481 shares of the financial services provider’s stock valued at $12,946,000 after acquiring an additional 58,422 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Virtu Financial by 24.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 137,808 shares of the financial services provider’s stock valued at $2,433,000 after acquiring an additional 27,225 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Virtu Financial by 17.9% in the 2nd quarter. Alliancebernstein L.P. now owns 54,100 shares of the financial services provider’s stock valued at $955,000 after acquiring an additional 8,200 shares in the last quarter. 26.58% of the stock is currently owned by institutional investors and hedge funds.
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About Virtu Financial
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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