Virtu Financial (NASDAQ:VIRT) Given New $25.00 Price Target at Bank of America

Virtu Financial (NASDAQ:VIRT) had its target price increased by analysts at Bank of America from $22.00 to $25.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Bank of America‘s target price would suggest a potential upside of 13.53% from the company’s previous close.

A number of other analysts also recently commented on the stock. Morgan Stanley boosted their price target on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler lifted their target price on shares of Virtu Financial from $21.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. UBS Group dropped their target price on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, January 26th. Citigroup boosted their price objective on shares of Virtu Financial from $21.00 to $22.50 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.24.

Virtu Financial Trading Down 1.7 %

NASDAQ VIRT opened at $22.02 on Thursday. The firm has a market capitalization of $3.48 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.60 and a beta of 0.40. The company has a 50-day simple moving average of $19.57 and a 200-day simple moving average of $18.84. Virtu Financial has a one year low of $16.02 and a one year high of $22.80. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.46 and a current ratio of 0.46.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Virtu Financial had a return on equity of 17.14% and a net margin of 6.04%. The company had revenue of $535.98 million for the quarter, compared to the consensus estimate of $272.96 million. During the same quarter last year, the firm posted $0.32 earnings per share. On average, equities analysts forecast that Virtu Financial will post 1.8 earnings per share for the current year.

Insider Activity at Virtu Financial

In related news, CEO Douglas A. Cifu bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $16.21 per share, for a total transaction of $810,500.00. Following the purchase, the chief executive officer now directly owns 584,132 shares in the company, valued at $9,468,779.72. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 44.80% of the company’s stock.

Institutional Investors Weigh In On Virtu Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Virtu Financial by 11.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 207,772 shares of the financial services provider’s stock worth $4,263,000 after purchasing an additional 22,048 shares during the last quarter. Simplicity Wealth LLC bought a new stake in Virtu Financial during the 1st quarter worth about $2,479,000. Raymond James & Associates grew its holdings in Virtu Financial by 14.4% during the 1st quarter. Raymond James & Associates now owns 251,786 shares of the financial services provider’s stock worth $5,167,000 after acquiring an additional 31,636 shares during the last quarter. Norden Group LLC acquired a new position in Virtu Financial during the 1st quarter valued at about $616,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Virtu Financial by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 745,437 shares of the financial services provider’s stock valued at $15,296,000 after purchasing an additional 9,826 shares during the period. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Company Profile

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.