Analysts Set Virtu Financial, Inc. (NASDAQ:VIRT) PT at $39.75

Virtu Financial, Inc. (NASDAQ:VIRT) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $39.75.

Several equities research analysts recently issued reports on VIRT shares. Piper Sandler raised their target price on shares of Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. UBS Group reissued a “neutral” rating and issued a $45.00 target price (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Finally, Morgan Stanley raised their target price on shares of Virtu Financial from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 15th.

Virtu Financial Price Performance

Virtu Financial stock opened at $34.85 on Tuesday. Virtu Financial has a 12-month low of $29.82 and a 12-month high of $45.77. The stock has a market capitalization of $5.33 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.14 and a beta of 0.69. The firm’s 50-day moving average is $41.27 and its two-hundred day moving average is $40.45. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.49 and a quick ratio of 0.49.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. Virtu Financial’s dividend payout ratio (DPR) is currently 21.82%.

Insider Activity

In related news, COO Brett Fairclough sold 90,701 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $42.40, for a total value of $3,845,722.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 47.20% of the company’s stock.

Institutional Investors Weigh In On Virtu Financial

Several hedge funds have recently modified their holdings of VIRT. Invesco Ltd. lifted its position in Virtu Financial by 83.6% during the first quarter. Invesco Ltd. now owns 1,473,165 shares of the financial services provider’s stock valued at $56,157,000 after buying an additional 670,774 shares in the last quarter. Nuveen LLC acquired a new position in Virtu Financial during the first quarter valued at approximately $18,956,000. AQR Capital Management LLC lifted its position in Virtu Financial by 50.9% during the first quarter. AQR Capital Management LLC now owns 1,320,356 shares of the financial services provider’s stock valued at $49,764,000 after buying an additional 445,586 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Virtu Financial by 69.5% during the first quarter. Allianz Asset Management GmbH now owns 1,063,011 shares of the financial services provider’s stock valued at $40,522,000 after buying an additional 435,958 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Virtu Financial by 170.7% during the second quarter. First Trust Advisors LP now owns 555,712 shares of the financial services provider’s stock valued at $24,890,000 after buying an additional 350,401 shares in the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.

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.