Virtu Financial Inc (NASDAQ:VIRT) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.24 per share by the financial services provider on Monday, December 16th. This represents a $0.96 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Friday, November 29th.
Shares of VIRT opened at $16.34 on Thursday. Virtu Financial has a 1 year low of $15.32 and a 1 year high of $29.17. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 3.43 and a beta of -0.55. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a fifty day moving average of $17.03 and a 200-day moving average of $20.49.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Virtu Financial had a net margin of 3.58% and a return on equity of 17.64%. The firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $241.79 million. During the same period last year, the firm posted $0.22 EPS. The business’s revenue was up 37.7% compared to the same quarter last year. Analysts predict that Virtu Financial will post 0.99 EPS for the current year.
In related news, CEO Douglas A. Cifu acquired 10,000 shares of Virtu Financial stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $18.58 per share, with a total value of $185,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 235,000 shares of the company’s stock, valued at approximately $4,366,300. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 63.70% of the company’s stock.
Several brokerages have recently issued reports on VIRT. ValuEngine raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Friday, October 11th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $23.00 price target on shares of Virtu Financial in a report on Tuesday, September 3rd. Zacks Investment Research raised shares of Virtu Financial from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Sunday. UBS Group reduced their price target on shares of Virtu Financial from $25.00 to $21.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Morgan Stanley reduced their price objective on shares of Virtu Financial from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.00.
Virtu Financial Company Profile
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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