Q1 2022 EPS Estimates for Virtu Financial, Inc. (NASDAQ:VIRT) Boosted by Jefferies Financial Group

Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) – Investment analysts at Jefferies Financial Group upped their Q1 2022 earnings per share (EPS) estimates for shares of Virtu Financial in a report issued on Monday, April 11th. Jefferies Financial Group analyst D. Fannon now expects that the financial services provider will earn $1.22 per share for the quarter, up from their previous forecast of $1.20. Jefferies Financial Group also issued estimates for Virtu Financial’s Q3 2022 earnings at $0.89 EPS, Q4 2022 earnings at $1.04 EPS, Q1 2023 earnings at $1.27 EPS, Q2 2023 earnings at $0.97 EPS, Q3 2023 earnings at $0.93 EPS, Q4 2023 earnings at $1.07 EPS and FY2023 earnings at $4.25 EPS.

A number of other research firms have also weighed in on VIRT. Rosenblatt Securities boosted their price objective on shares of Virtu Financial from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 9th. Zacks Investment Research raised shares of Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research report on Friday, February 11th. StockNews.com initiated coverage on shares of Virtu Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Piper Sandler upped their price target on shares of Virtu Financial from $38.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Virtu Financial currently has an average rating of “Buy” and an average target price of $35.80.

NASDAQ:VIRT opened at $37.06 on Tuesday. The firm has a 50 day simple moving average of $35.22 and a 200-day simple moving average of $30.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $6.59 billion, a PE ratio of 9.58 and a beta of -0.42. Virtu Financial has a 1-year low of $23.19 and a 1-year high of $38.63.

Virtu Financial (NASDAQ:VIRTGet Rating) last released its quarterly earnings results on Monday, February 7th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.39. The company had revenue of $485.60 million during the quarter, compared to the consensus estimate of $367.25 million. Virtu Financial had a return on equity of 37.85% and a net margin of 16.96%. Virtu Financial’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were issued a $0.24 dividend. The ex-dividend date was Monday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.59%. Virtu Financial’s dividend payout ratio is presently 24.81%.

In related news, major shareholder Private Ltd Gic sold 4,027,062 shares of the stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $31.04, for a total value of $125,000,004.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 49.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of VIRT. Counterpoint Mutual Funds LLC purchased a new position in shares of Virtu Financial during the 4th quarter valued at $27,000. Signaturefd LLC boosted its holdings in Virtu Financial by 93.4% in the fourth quarter. Signaturefd LLC now owns 1,027 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 496 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new stake in Virtu Financial in the fourth quarter worth $50,000. Retirement Planning Co of New England Inc. bought a new stake in Virtu Financial in the fourth quarter worth $62,000. Finally, AGF Investments Inc. boosted its holdings in Virtu Financial by 12.5% in the third quarter. AGF Investments Inc. now owns 7,200 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 798 shares in the last quarter. 99.64% of the stock is currently owned by institutional investors.

About Virtu Financial (Get Rating)

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.

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Earnings History and Estimates for Virtu Financial (NASDAQ:VIRT)

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