Virtu Financial, Inc. (NASDAQ:VIRT) Receives $41.71 Average Price Target from Brokerages

Virtu Financial, Inc. (NASDAQ:VIRT) has received a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $41.7143.

Several research analysts have commented on VIRT shares. Piper Sandler raised their target price on Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. The Goldman Sachs Group decreased their price target on Virtu Financial from $48.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. UBS Group restated a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Morgan Stanley boosted their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the company an “underweight” rating in a research note on Tuesday, July 15th. Finally, Bank of America raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, October 28th.

Institutional Investors Weigh In On Virtu Financial

Several large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC increased its stake in Virtu Financial by 3,460.0% in the 3rd quarter. Rothschild Investment LLC now owns 712 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 692 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Virtu Financial by 258.3% during the third quarter. Assetmark Inc. now owns 713 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 514 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Virtu Financial by 96.0% in the second quarter. Bessemer Group Inc. now owns 582 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 285 shares during the last quarter. Brooklyn Investment Group raised its stake in Virtu Financial by 243.0% in the first quarter. Brooklyn Investment Group now owns 782 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 554 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Virtu Financial by 103.8% in the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Trading Down 1.1%

Shares of VIRT stock opened at $35.56 on Wednesday. The company’s fifty day simple moving average is $35.02 and its two-hundred day simple moving average is $39.74. 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 has a 1 year low of $31.89 and a 1 year high of $45.77. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.14 and a beta of 0.60.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Tuesday, March 12th. The financial services provider reported $0.37 EPS for the quarter. The firm had revenue of $274.00 million during the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. As a group, analysts anticipate that Virtu Financial will post 3.13 earnings per share for the current year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Virtu Financial’s dividend payout ratio is presently 20.78%.

Virtu Financial Company Profile

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.