Morgan Stanley set a $29.00 price objective on Virtu Financial (NASDAQ:VIRT) in a research report report published on Friday. The brokerage currently has a hold rating on the financial services provider’s stock.
Several other research firms have also weighed in on VIRT. BidaskClub raised Virtu Financial from a sell rating to a hold rating in a research report on Thursday, November 1st. Zacks Investment Research raised Virtu Financial from a sell rating to a hold rating in a research report on Thursday, November 29th. Goldman Sachs Group raised Virtu Financial from a neutral rating to a buy rating and set a $29.00 price objective for the company in a research report on Friday, January 4th. Finally, ValuEngine raised Virtu Financial from a hold rating to a buy rating in a research report on Tuesday, December 25th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Virtu Financial currently has an average rating of Hold and a consensus price target of $29.55.
Shares of NASDAQ:VIRT opened at $26.09 on Friday. The firm has a market cap of $5.09 billion, a P/E ratio of 13.31, a P/E/G ratio of 3.13 and a beta of -0.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.60. Virtu Financial has a 12-month low of $19.65 and a 12-month high of $37.85.
Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Thursday, February 7th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Virtu Financial had a return on equity of 24.91% and a net margin of 15.39%. The business had revenue of $299.20 million during the quarter, compared to analyst estimates of $292.87 million. During the same period last year, the company earned $0.22 EPS. Virtu Financial’s revenue for the quarter was up 26.1% compared to the same quarter last year. Analysts expect that Virtu Financial will post 1.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Thursday, February 28th. Virtu Financial’s dividend payout ratio (DPR) is presently 48.98%.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Bank & Trust grew its stake in shares of Virtu Financial by 3.3% in the 4th quarter. First Bank & Trust now owns 13,891 shares of the financial services provider’s stock valued at $358,000 after buying an additional 439 shares during the period. Advisor Group Inc. grew its stake in shares of Virtu Financial by 12.6% in the 4th quarter. Advisor Group Inc. now owns 9,062 shares of the financial services provider’s stock valued at $233,000 after buying an additional 1,013 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Virtu Financial by 86.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,202 shares of the financial services provider’s stock valued at $82,000 after buying an additional 1,483 shares during the period. IFP Advisors Inc grew its stake in shares of Virtu Financial by 49.1% in the 4th quarter. IFP Advisors Inc now owns 4,940 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,627 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Virtu Financial by 6.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 32,000 shares of the financial services provider’s stock valued at $824,000 after buying an additional 2,000 shares during the period. Institutional investors own 56.60% of the company’s stock.
Virtu Financial Company Profile
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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