Virtu Financial, Inc. (NASDAQ:VIRT) Receives Consensus Rating of “Hold” from Brokerages

Virtu Financial, Inc. (NASDAQ:VIRT) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $29.50.

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price target on shares of Virtu Financial in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Morgan Stanley raised their target price on Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Citigroup boosted their price target on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th.

Virtu Financial Stock Performance

VIRT opened at $30.97 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $31.41 and its 200-day moving average is $26.48. The stock has a market cap of $4.87 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38. Virtu Financial has a twelve month low of $16.02 and a twelve month high of $33.55.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.10%. Virtu Financial’s dividend payout ratio (DPR) is 67.13%.

Insider Buying and Selling

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the completion of the sale, the director now directly owns 24,122 shares of the company’s stock, valued at approximately $658,530.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Virtu Financial

Several large investors have recently added to or reduced their stakes in VIRT. USA Financial Formulas acquired a new stake in shares of Virtu Financial in the third quarter worth $33,000. International Assets Investment Management LLC acquired a new stake in Virtu Financial during the 2nd quarter worth about $39,000. Abich Financial Wealth Management LLC grew its stake in Virtu Financial by 55.3% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 781 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Virtu Financial in the 2nd quarter valued at about $46,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Virtu Financial by 21.0% in the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 372 shares in the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.

About Virtu Financial

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.