Shares of Virtu Financial Inc (NASDAQ:VIRT) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $25.20.

Several equities research analysts have issued reports on the stock. UBS Group lowered their price target on shares of Virtu Financial from $29.00 to $25.00 and set a “buy” rating on the stock in a report on Monday. Morgan Stanley set a $20.00 price target on shares of Virtu Financial and gave the company a “hold” rating in a report on Friday, August 9th. Zacks Investment Research lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. BidaskClub raised shares of Virtu Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, Rosenblatt Securities assumed coverage on shares of Virtu Financial in a report on Wednesday, June 26th. They issued a “buy” rating and a $29.00 price target on the stock.

In other news, EVP Stephen Cavoli sold 7,500 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $23.48, for a total value of $176,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 63.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of VIRT. Vaughan Nelson Investment Management L.P. grew its holdings in Virtu Financial by 211.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 7,129,625 shares of the financial services provider’s stock worth $155,285,000 after acquiring an additional 4,842,600 shares during the last quarter. Vanguard Group Inc. grew its holdings in Virtu Financial by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,462,867 shares of the financial services provider’s stock worth $140,762,000 after acquiring an additional 380,502 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Virtu Financial by 40.9% during the 2nd quarter. William Blair Investment Management LLC now owns 5,767,837 shares of the financial services provider’s stock worth $125,623,000 after acquiring an additional 1,674,638 shares during the last quarter. BlackRock Inc. grew its holdings in Virtu Financial by 13.5% during the 2nd quarter. BlackRock Inc. now owns 2,595,378 shares of the financial services provider’s stock worth $56,527,000 after acquiring an additional 309,450 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in Virtu Financial by 0.8% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,540,392 shares of the financial services provider’s stock worth $36,584,000 after acquiring an additional 12,061 shares during the last quarter. 56.89% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial stock traded up $0.45 on Thursday, hitting $18.70. The company’s stock had a trading volume of 1,329,930 shares, compared to its average volume of 964,351. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 2.46 and a beta of -0.60. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.65. The firm has a fifty day simple moving average of $21.30. Virtu Financial has a one year low of $17.67 and a one year high of $29.17.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.11). The business had revenue of $378.50 million during the quarter, compared to the consensus estimate of $262.19 million. Virtu Financial had a net margin of 3.58% and a return on equity of 17.37%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, analysts predict that Virtu Financial will post 1.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, August 30th. Virtu Financial’s payout ratio is 48.98%.

About Virtu Financial

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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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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