Virtu Financial (NASDAQ:VIRT) Downgraded by TheStreet to D+

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TheStreet lowered shares of Virtu Financial (NASDAQ:VIRT) from a c rating to a d+ rating in a research note issued to investors on Tuesday, TheStreetRatingsTable reports.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Virtu Financial from $17.00 to $20.00 and gave the stock an overweight rating in a research report on Wednesday. Citigroup set a $18.00 price target on shares of Virtu Financial and gave the stock a hold rating in a research report on Monday, October 21st. Goldman Sachs Group lowered shares of Virtu Financial from a buy rating to a neutral rating and reduced their price target for the stock from $17.75 to $15.50 in a research report on Monday, January 6th. Zacks Investment Research raised shares of Virtu Financial from a sell rating to a hold rating in a research report on Saturday, January 11th. Finally, Rosenblatt Securities raised their price target on shares of Virtu Financial from to in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average target price of $18.44.

VIRT opened at $17.58 on Tuesday. Virtu Financial has a 12-month low of $14.94 and a 12-month high of $26.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $3.41 billion, a PE ratio of 47.51, a P/E/G ratio of 2.36 and a beta of -0.56. The firm has a 50 day moving average of $16.14 and a two-hundred day moving average of $17.29.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Virtu Financial had a net margin of 2.55% and a return on equity of 18.75%. The company had revenue of $257.20 million during the quarter, compared to analyst estimates of $252.72 million. During the same period last year, the firm posted $0.67 EPS. Virtu Financial’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, analysts predict that Virtu Financial will post 0.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s dividend payout ratio (DPR) is 48.98%.

Several large investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Virtu Financial by 1,420.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,817 shares of the financial services provider’s stock worth $279,000 after buying an additional 11,974 shares during the period. Peregrine Capital Management LLC boosted its holdings in Virtu Financial by 3.4% in the 3rd quarter. Peregrine Capital Management LLC now owns 691,486 shares of the financial services provider’s stock worth $11,313,000 after buying an additional 22,586 shares during the period. First Bank & Trust boosted its holdings in Virtu Financial by 7.2% in the 3rd quarter. First Bank & Trust now owns 15,956 shares of the financial services provider’s stock worth $261,000 after buying an additional 1,069 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Virtu Financial by 5.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 31,500 shares of the financial services provider’s stock worth $515,000 after buying an additional 1,500 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Virtu Financial by 37.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 550,000 shares of the financial services provider’s stock worth $8,998,000 after buying an additional 150,000 shares during the period. 66.66% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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