JPMorgan Chase & Co. Analysts Give Virtu Financial (VIRT) a $22.00 Price Target

Virtu Financial (NASDAQ:VIRT) received a $22.00 target price from equities research analysts at JPMorgan Chase & Co. in a report issued on Tuesday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 21.01% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. TheStreet upgraded shares of Virtu Financial from a “d+” rating to a “c-” rating in a research note on Thursday, December 7th. Citigroup upgraded shares of Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price target for the company in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Goldman Sachs Group raised their price target on shares of Virtu Financial from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.00.

Virtu Financial (VIRT) traded down $0.60 during trading hours on Tuesday, reaching $27.85. 1,120,800 shares of the company’s stock traded hands, compared to its average volume of 763,051. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $5,326.13, a price-to-earnings ratio of 126.60 and a beta of 0.43. Virtu Financial has a 52-week low of $13.10 and a 52-week high of $29.00.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.10. The firm had revenue of $460.42 million during the quarter, compared to analyst estimates of $194.80 million. Virtu Financial had a net margin of 1.69% and a return on equity of 12.23%. During the same quarter last year, the business posted $0.24 EPS. analysts expect that Virtu Financial will post 1.59 earnings per share for the current year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Virtu Financial in the 3rd quarter worth approximately $104,000. Ffcm LLC bought a new position in Virtu Financial in the 3rd quarter worth approximately $116,000. Penserra Capital Management LLC boosted its holdings in Virtu Financial by 73.2% in the 4th quarter. Penserra Capital Management LLC now owns 9,415 shares of the financial services provider’s stock worth $172,000 after buying an additional 3,979 shares during the period. Stevens Capital Management LP bought a new position in Virtu Financial in the 3rd quarter worth approximately $179,000. Finally, Stone Ridge Asset Management LLC bought a new position in Virtu Financial in the 4th quarter worth approximately $232,000. 48.19% of the stock is owned by 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.

Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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