Virtu Financial (VIRT) Receives $34.75 Consensus Target Price from Brokerages

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Virtu Financial (NASDAQ:VIRT) has been assigned a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.75.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Virtu Financial from a “hold” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $28.00 in a research report on Friday, May 11th. Citigroup raised their price objective on shares of Virtu Financial from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 8th. Goldman Sachs Group raised their price objective on shares of Virtu Financial from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, May 7th. Rosenblatt Securities raised their price objective on shares of Virtu Financial from $26.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 7th. Finally, Evercore ISI raised their price objective on shares of Virtu Financial from $27.00 to $38.00 and gave the stock an “in-line” rating in a research report on Friday, May 4th.

In related news, insider Tjmt Holdings Llc sold 3,281,250 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $27.16, for a total value of $89,118,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Holdings (Private) Ltd Temasek sold 3,450,000 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $27.16, for a total value of $93,702,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,907,105 shares of company stock worth $188,141,229. 73.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. William Blair Investment Management LLC lifted its holdings in shares of Virtu Financial by 0.4% in the 4th quarter. William Blair Investment Management LLC now owns 3,705,653 shares of the financial services provider’s stock worth $67,813,000 after purchasing an additional 14,408 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Virtu Financial by 2.0% in the 1st quarter. BlackRock Inc. now owns 2,100,566 shares of the financial services provider’s stock worth $69,319,000 after purchasing an additional 40,362 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Virtu Financial by 16.6% in the 4th quarter. Royce & Associates LP now owns 779,392 shares of the financial services provider’s stock worth $14,263,000 after purchasing an additional 111,092 shares in the last quarter. Delek Group Ltd. bought a new position in shares of Virtu Financial in the 4th quarter worth $10,993,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Virtu Financial by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 558,629 shares of the financial services provider’s stock worth $18,435,000 after purchasing an additional 4,926 shares in the last quarter. Institutional investors own 46.84% of the company’s stock.

NASDAQ:VIRT traded up $0.30 on Friday, reaching $30.30. 929,900 shares of the stock traded hands, compared to its average volume of 993,411. The company has a market capitalization of $5.66 billion, a PE ratio of 53.16, a P/E/G ratio of 2.76 and a beta of -0.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.66 and a current ratio of 0.66. Virtu Financial has a 1-year low of $13.10 and a 1-year high of $37.85.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Friday, May 4th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. The business had revenue of $406.10 million during the quarter, compared to the consensus estimate of $307.24 million. Virtu Financial had a net margin of 11.08% and a return on equity of 20.32%. The company’s revenue for the quarter was up 190.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. research analysts predict that Virtu Financial will post 2.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, May 31st. Virtu Financial’s dividend payout ratio is currently 168.42%.

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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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