Virtu Financial (NASDAQ:VIRT) had its price target decreased by UBS Group from $36.00 to $32.00 in a report published on Tuesday, AnalystRatings.com reports. UBS Group currently has a buy rating on the financial services provider’s stock.
A number of other research analysts have also weighed in on VIRT. Zacks Investment Research lowered shares of Virtu Financial from a buy rating to a hold rating in a research note on Friday, April 12th. BidaskClub lowered shares of Virtu Financial from a strong-buy rating to a buy rating in a research note on Wednesday, January 9th. Finally, ValuEngine lowered shares of Virtu Financial from a buy rating to a hold rating in a research note on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $29.36.
Shares of VIRT stock opened at $25.22 on Tuesday. Virtu Financial has a 12-month low of $19.65 and a 12-month high of $37.70. The company has a market cap of $4.79 billion, a PE ratio of 12.87, a P/E/G ratio of 2.88 and a beta of -0.73. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.61.
Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Virtu Financial had a net margin of 15.39% and a return on equity of 24.62%. The business had revenue of $299.20 million during the quarter, compared to analyst estimates of $292.87 million. During the same period in the previous year, the business earned $0.22 EPS. Virtu Financial’s revenue was up 26.1% compared to the same quarter last year. Equities analysts forecast that Virtu Financial will post 1.68 earnings per share for the current fiscal year.
In other Virtu Financial news, CEO Douglas A. Cifu sold 127,088 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $26.31, for a total value of $3,343,685.28. Following the completion of the transaction, the chief executive officer now directly owns 138,544 shares of the company’s stock, valued at approximately $3,645,092.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 73.50% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc boosted its holdings in Virtu Financial by 3.2% in the 3rd quarter. Vanguard Group Inc now owns 6,399,422 shares of the financial services provider’s stock valued at $130,869,000 after purchasing an additional 201,144 shares during the period. Vanguard Group Inc. boosted its holdings in Virtu Financial by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,399,422 shares of the financial services provider’s stock valued at $130,869,000 after purchasing an additional 201,144 shares during the period. BlackRock Inc. boosted its holdings in Virtu Financial by 1.0% in the 4th quarter. BlackRock Inc. now owns 2,289,698 shares of the financial services provider’s stock valued at $58,983,000 after purchasing an additional 23,174 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Virtu Financial in the 4th quarter valued at $26,270,000. Finally, APG Asset Management N.V. boosted its holdings in Virtu Financial by 223.1% in the 4th quarter. APG Asset Management N.V. now owns 991,071 shares of the financial services provider’s stock valued at $22,333,000 after purchasing an additional 684,371 shares during the period. 55.70% 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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