Virtu Financial, Inc. (NASDAQ:VIRT) Receives $30.21 Average Target Price from Analysts

Shares of Virtu Financial, Inc. (NASDAQ:VIRT) have earned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $30.21.

A number of research firms recently commented on VIRT. Morgan Stanley increased their price target on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Piper Sandler increased their target price on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Citigroup raised their target price on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Virtu Financial during the fourth quarter worth $25,000. Kestra Investment Management LLC bought a new position in Virtu Financial during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC raised its stake in Virtu Financial by 172.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 551 shares in the last quarter. USA Financial Formulas bought a new stake in Virtu Financial in the 3rd quarter valued at about $33,000. Finally, Albion Financial Group UT acquired a new position in shares of Virtu Financial during the 4th quarter worth approximately $45,000. 45.78% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Stock Up 2.2 %

Shares of NASDAQ:VIRT opened at $40.96 on Monday. The company’s fifty day moving average is $37.00 and its 200-day moving average is $33.42. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $41.38. The company has a market capitalization of $6.33 billion, a PE ratio of 13.79, a P/E/G ratio of 0.52 and a beta of 0.46.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. Equities research analysts predict that Virtu Financial will post 2.85 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s dividend payout ratio is currently 32.32%.

About Virtu Financial

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.