Brokerages Set Virtu Financial, Inc. (NASDAQ:VIRT) PT at $30.21

Shares of Virtu Financial, Inc. (NASDAQ:VIRT) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.36.

Several equities research analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley increased their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday.

Virtu Financial Stock Down 3.3 %

Shares of VIRT opened at $38.87 on Monday. The company has a market capitalization of $6.01 billion, a P/E ratio of 13.09, a PEG ratio of 1.61 and a beta of 0.46. Virtu Financial has a one year low of $16.31 and a one year high of $41.38. The business’s 50 day simple moving average is $37.08 and its 200-day simple moving average is $33.60. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. As a group, sell-side analysts predict that Virtu Financial will post 3.01 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.24 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.47%. Virtu Financial’s dividend payout ratio is currently 32.32%.

Institutional Trading of Virtu Financial

A number of institutional investors have recently bought and sold shares of VIRT. HighTower Advisors LLC boosted its position in shares of Virtu Financial by 5.5% in the 4th quarter. HighTower Advisors LLC now owns 108,299 shares of the financial services provider’s stock worth $3,864,000 after purchasing an additional 5,679 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Virtu Financial in the fourth quarter valued at about $383,000. AGF Management Ltd. bought a new position in Virtu Financial during the fourth quarter worth about $2,534,000. Moran Wealth Management LLC bought a new position in Virtu Financial during the fourth quarter worth about $245,000. Finally, AlphaQuest LLC increased its stake in shares of Virtu Financial by 2,749.7% in the 4th quarter. AlphaQuest LLC now owns 4,702 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 4,537 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Company Profile

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.