Virtu Financial Inc (NASDAQ:VIRT) has earned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.86.

VIRT has been the subject of several research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $13.00 target price on shares of Virtu Financial in a research report on Wednesday, October 18th. TheStreet upgraded shares of Virtu Financial from a “d+” rating to a “c-” rating in a research report on Thursday, December 7th. Citigroup upgraded shares of Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 target price for the company in a research report on Wednesday, November 8th. Rosenblatt Securities initiated coverage on shares of Virtu Financial in a research report on Friday, September 15th. They issued a “neutral” rating and a $18.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Temasek Holdings Private Ltd boosted its position in Virtu Financial by 65.1% during the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock valued at $329,354,000 after buying an additional 8,012,821 shares during the period. HighTower Advisors LLC boosted its position in Virtu Financial by 86.8% during the second quarter. HighTower Advisors LLC now owns 135,219 shares of the financial services provider’s stock valued at $2,390,000 after buying an additional 62,845 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Virtu Financial by 24.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 137,808 shares of the financial services provider’s stock valued at $2,433,000 after buying an additional 27,225 shares during the period. Alliancebernstein L.P. boosted its position in Virtu Financial by 17.9% during the second quarter. Alliancebernstein L.P. now owns 54,100 shares of the financial services provider’s stock valued at $955,000 after buying an additional 8,200 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Virtu Financial by 794.9% during the second quarter. New York State Common Retirement Fund now owns 232,674 shares of the financial services provider’s stock valued at $4,107,000 after buying an additional 206,673 shares during the period. Institutional investors and hedge funds own 26.58% of the company’s stock.

Virtu Financial (NASDAQ:VIRT) opened at $18.45 on Wednesday. Virtu Financial has a 1 year low of $13.10 and a 1 year high of $19.07. The stock has a market cap of $3,460.00 and a price-to-earnings ratio of 153.75. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.63.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. The company had revenue of $159.79 million during the quarter, compared to analyst estimates of $157.40 million. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was up 64.4% compared to the same quarter last year. analysts predict that Virtu Financial will post 0.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.96 annualized dividend and a yield of 5.20%. Virtu Financial’s payout ratio is 800.00%.

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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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