Virtu Financial (NASDAQ:VIRT) has been given a $22.00 price target by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 21.01% from the company’s current price.

Several other research analysts also recently commented on VIRT. Citigroup raised shares of Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price target for the company in a report on Wednesday, November 8th. Rosenblatt Securities reissued a “neutral” rating and issued a $18.00 price target on shares of Virtu Financial in a report on Tuesday, November 7th. Evercore ISI raised their price target on shares of Virtu Financial from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, November 7th. Sandler O’Neill set a $19.00 price target on shares of Virtu Financial and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Goldman Sachs Group raised their price target on shares of Virtu Financial from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $26.00.

Shares of Virtu Financial (VIRT) traded down $0.60 during trading hours on Tuesday, reaching $27.85. 1,120,800 shares of the company’s stock traded hands, compared to its average volume of 763,051. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63. Virtu Financial has a 1 year low of $13.10 and a 1 year high of $29.00. The company has a market cap of $5,326.13, a P/E ratio of 126.60 and a beta of 0.43.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.10. Virtu Financial had a net margin of 1.69% and a return on equity of 12.23%. The firm had revenue of $460.42 million during the quarter, compared to the consensus estimate of $194.80 million. During the same period last year, the firm earned $0.24 EPS. sell-side analysts forecast that Virtu Financial will post 1.59 earnings per share for the current fiscal year.

Virtu Financial announced that its board has authorized a stock buyback plan on Thursday, February 8th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional investors have recently bought and sold shares of the company. Temasek Holdings Private Ltd raised its position in shares of 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 valued at $329,354,000 after buying an additional 8,012,821 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Virtu Financial by 24.6% during 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 buying an additional 27,225 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Virtu Financial by 17.9% during the 2nd quarter. Alliancebernstein L.P. now owns 54,100 shares of the financial services provider’s stock valued at $955,000 after buying an additional 8,200 shares in the last quarter. North Island ManageCo LLC purchased a new stake in shares of Virtu Financial during the 4th quarter valued at $733,173,000. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Virtu Financial during the 4th quarter valued at $272,000. Hedge funds and other institutional investors own 48.19% of the company’s stock.

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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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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