Virtu Financial Sees Unusually Large Options Volume (VIRT)

Virtu Financial Inc (NASDAQ:VIRT) was the target of unusually large options trading on Thursday. Stock traders purchased 1,659 call options on the company. This is an increase of 2,270% compared to the typical volume of 70 call options.

A number of analysts have issued reports on VIRT shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $13.00 target price on shares of Virtu Financial in a research report on Wednesday, October 18th. Citigroup raised 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 reissued a “neutral” rating and issued a $18.00 target price on shares of Virtu Financial in a research report on Tuesday, November 7th. Evercore ISI raised their target price on Virtu Financial from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 7th. Finally, Sandler O’Neill set a $19.00 target price on Virtu Financial and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.38.

Virtu Financial (NASDAQ VIRT) opened at $27.95 on Friday. Virtu Financial has a twelve month low of $13.10 and a twelve month high of $28.90. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $4,961.06, a price-to-earnings ratio of 127.05 and a beta of 0.43.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.10. Virtu Financial had a return on equity of 12.23% and a net margin of 1.69%. The firm had revenue of $460.42 million during the quarter, compared to analyst estimates of $194.80 million. During the same period last year, the company earned $0.24 earnings per share. research analysts anticipate that Virtu Financial will post 1.3 EPS for the current fiscal year.

Virtu Financial declared that its board has approved a share buyback program on Thursday, February 8th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, February 28th. Virtu Financial’s payout ratio is currently 436.38%.

Several institutional investors have recently bought and sold shares of the company. North Island ManageCo LLC bought a new position in shares of Virtu Financial in the fourth quarter worth $733,173,000. Temasek Holdings Private Ltd boosted its holdings in shares of 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 acquiring an additional 8,012,821 shares during the period. Van Berkom & Associates Inc. boosted its holdings in shares of Virtu Financial by 103.9% in 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 acquiring an additional 1,909,864 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Virtu Financial by 4.6% in the second quarter. Vanguard Group Inc. now owns 2,379,919 shares of the financial services provider’s stock worth $42,005,000 after acquiring an additional 104,484 shares during the period. Finally, FMR LLC boosted its holdings in shares of Virtu Financial by 39.9% in the second quarter. FMR LLC now owns 2,215,100 shares of the financial services provider’s stock worth $39,097,000 after acquiring an additional 631,431 shares during the period. 26.78% of the stock is owned by hedge funds and other institutional investors.

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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.

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