Virtu Financial, Inc. (NASDAQ:VIRT) Receives Average Recommendation of “Hold” from Analysts

Virtu Financial, Inc. (NASDAQ:VIRT) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.24.

VIRT has been the subject of a number of research reports. Bank of America lifted their target price on Virtu Financial from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price target on Virtu Financial from $20.00 to $21.50 and gave the company a “neutral” rating in a report on Thursday, April 25th. StockNews.com raised Virtu Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Piper Sandler boosted their price target on Virtu Financial from $21.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, UBS Group decreased their price target on Virtu Financial from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, January 26th.

Insider Activity at Virtu Financial

In other news, CEO Douglas A. Cifu bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of $16.21 per share, for a total transaction of $810,500.00. Following the acquisition, the chief executive officer now directly owns 584,132 shares of the company’s stock, valued at approximately $9,468,779.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Riverview Trust Co acquired a new position in Virtu Financial during the 1st quarter worth $26,000. Quarry LP boosted its position in shares of Virtu Financial by 79.9% during the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 746 shares in the last quarter. CWM LLC boosted its position in shares of Virtu Financial by 112.3% during the 4th quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,127 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Virtu Financial by 48.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,574 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 1,161 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Virtu Financial by 1,867.8% in the 4th quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 3,885 shares during the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

Virtu Financial Trading Up 2.1 %

Virtu Financial stock opened at $22.54 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.45 and a debt-to-equity ratio of 1.21. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $22.80. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.50 and a beta of 0.38. The stock has a 50-day moving average price of $20.19 and a 200 day moving average price of $19.02.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.26%. Virtu Financial’s dividend payout ratio is presently 67.13%.

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.