Virtu Financial Inc (VIRT) Raised to Hold at TheStreet
Virtu Financial Inc (NASDAQ:VIRT) was upgraded by investment analysts at TheStreet from a “d-” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Separately, Zacks Investment Research cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Wednesday.
Virtu Financial (NASDAQ:VIRT) opened at 15.55 on Friday. Virtu Financial has a one year low of $12.35 and a one year high of $19.07. The stock has a 50 day moving average price of $15.63 and a 200 day moving average price of $16.02. The firm has a market capitalization of $632.37 million, a P/E ratio of 23.21 and a beta of 0.43.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $82.20 million. Virtu Financial had a net margin of 4.94% and a return on equity of 19.37%. The firm’s quarterly revenue was down 32.3% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. On average, equities analysts predict that Virtu Financial will post $0.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.17%. Virtu Financial’s dividend payout ratio (DPR) is 109.09%.
In other news, insider Tjmt Holdings Llc acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 11th. The shares were acquired at an average cost of $15.62 per share, with a total value of $1,562,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 395,970 shares of company stock worth $6,199,821 over the last three months. 71.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in VIRT. GSA Capital Partners LLP raised its stake in shares of Virtu Financial by 36.2% in the fourth quarter. GSA Capital Partners LLP now owns 150,645 shares of the financial services provider’s stock worth $2,403,000 after buying an additional 40,077 shares in the last quarter. FMR LLC raised its stake in shares of Virtu Financial by 48.5% in the fourth quarter. FMR LLC now owns 1,875,035 shares of the financial services provider’s stock worth $29,906,000 after buying an additional 612,189 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Virtu Financial during the first quarter worth $2,126,000. State Street Corp raised its stake in shares of Virtu Financial by 6.4% in the fourth quarter. State Street Corp now owns 457,090 shares of the financial services provider’s stock worth $7,292,000 after buying an additional 27,304 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in shares of Virtu Financial during the fourth quarter worth $307,000. 89.85% of the stock is currently owned by institutional investors and hedge funds.
Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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