Virtu Financial (NASDAQ:VIRT) had its price objective lowered by Citigroup from $26.00 to $25.00 in a research report released on Monday, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

VIRT has been the subject of a number of other reports. ValuEngine downgraded Virtu Financial from a sell rating to a strong sell rating in a research report on Thursday, May 14th. UBS Group increased their target price on shares of Virtu Financial from $24.00 to $26.00 and gave the company a neutral rating in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed a buy rating and set a $31.00 price target on shares of Virtu Financial in a research note on Friday, June 19th. BidaskClub lowered shares of Virtu Financial from a buy rating to a hold rating in a research report on Wednesday, July 29th. Finally, Rosenblatt Securities restated a neutral rating and set a $26.00 target price (down previously from $29.00) on shares of Virtu Financial in a research report on Thursday, April 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Virtu Financial currently has an average rating of Hold and a consensus target price of $24.72.

Shares of NASDAQ VIRT opened at $23.59 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.48. Virtu Financial has a 12-month low of $14.94 and a 12-month high of $26.82. The firm’s 50-day moving average price is $24.40 and its 200-day moving average price is $22.23. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 7.39 and a beta of -0.41.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Friday, August 7th. The financial services provider reported $1.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.16. The company had revenue of $905.90 million for the quarter, compared to analysts’ expectations of $649.12 million. Virtu Financial had a return on equity of 51.43% and a net margin of 14.76%. The firm’s revenue for the quarter was up 141.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts predict that Virtu Financial will post 5.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.24 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.96 annualized dividend and a yield of 4.07%. Virtu Financial’s dividend payout ratio (DPR) is 157.38%.

In other Virtu Financial news, major shareholder Sector Pension Investme Public sold 7,000,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $22.75, for a total transaction of $159,250,000.00. Following the transaction, the insider now directly owns 11,669,062 shares in the company, valued at approximately $265,471,160.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas A. Cifu bought 100,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $22.45 per share, with a total value of $2,245,000.00. The disclosure for this purchase can be found here. Company insiders own 58.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Virtu Financial by 6.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,877 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 992 shares in the last quarter. Alliancebernstein L.P. increased its position in Virtu Financial by 5.9% during the 4th quarter. Alliancebernstein L.P. now owns 40,800 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 2,280 shares during the period. Geode Capital Management LLC raised its holdings in shares of Virtu Financial by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 779,188 shares of the financial services provider’s stock valued at $12,459,000 after purchasing an additional 27,327 shares in the last quarter. Norges Bank purchased a new stake in shares of Virtu Financial in the 4th quarter worth approximately $1,851,000. Finally, Macquarie Group Ltd. boosted its stake in shares of Virtu Financial by 4.6% during the fourth quarter. Macquarie Group Ltd. now owns 66,350 shares of the financial services provider’s stock valued at $1,061,000 after purchasing an additional 2,911 shares in the last quarter. Hedge funds and other institutional investors own 63.02% of the company’s stock.

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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