Virtu Financial, Inc. (NASDAQ:VIRT) had its price target raised by research analysts at The Goldman Sachs Group, Inc. from $16.00 to $17.00 in a report released on Wednesday, November 8th. The firm presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group, Inc.’s price target suggests a potential upside of 8.63% from the stock’s previous close.

VIRT has been the subject of several other research reports. Rosenblatt Securities restated a “neutral” rating and set a $18.00 target price on shares of Virtu Financial in a research report on Tuesday, November 7th. Evercore ISI boosted their target price on Virtu Financial from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, November 7th. Sandler O’Neill set a $19.00 target price on Virtu Financial and gave the company a “buy” rating in a research report on Tuesday, November 7th. J P Morgan Chase & Co restated an “underweight” rating and set a $13.00 target price on shares of Virtu Financial in a research report on Wednesday, November 8th. Finally, Citigroup Inc. restated a “sell” rating and set a $14.00 target price (down previously from $16.00) on shares of Virtu Financial in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Virtu Financial presently has a consensus rating of “Hold” and an average target price of $16.38.

Virtu Financial (VIRT) traded down $0.55 on Wednesday, reaching $15.65. The company had a trading volume of 400,000 shares, compared to its average volume of 587,067. The stock has a market capitalization of $3,004.56, a price-to-earnings ratio of 27.46 and a beta of 0.24. Virtu Financial has a 12 month low of $13.10 and a 12 month high of $19.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.23.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $159.79 million during the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The firm’s revenue was up 64.4% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. analysts predict that Virtu Financial will post 0.41 earnings per share for the current year.

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A number of large investors have recently modified their holdings of the stock. Temasek Holdings Private Ltd raised its stake in Virtu Financial by 65.1% in the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock worth $329,354,000 after buying an additional 8,012,821 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Virtu Financial by 103.9% during the third quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock worth $60,714,000 after purchasing an additional 1,909,864 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Virtu Financial by 7.7% during the second quarter. William Blair Investment Management LLC now owns 2,750,838 shares of the financial services provider’s stock worth $48,552,000 after purchasing an additional 195,788 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Virtu Financial by 163.5% during the fourth quarter. Alliancebernstein L.P. now owns 2,415,301 shares of the financial services provider’s stock worth $54,682,000 after purchasing an additional 1,498,821 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Virtu Financial by 4.6% during the second quarter. Vanguard Group Inc. now owns 2,379,919 shares of the financial services provider’s stock worth $42,005,000 after purchasing an additional 104,484 shares in the last quarter. 22.10% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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