Virtu Financial Inc. (NASDAQ:VIRT) has been given a $15.00 price target by equities research analysts at Credit Suisse Group AG in a research note issued to investors on Friday. The brokerage presently has a a “sell” rating on the stock. Credit Suisse Group AG’s price objective points to a potential upside of 2.53% from the stock’s current price.
Virtu Financial (NASDAQ:VIRT) traded down 1.61% during mid-day trading on Friday, reaching $14.63. The company’s stock had a trading volume of 463,331 shares. The stock’s 50 day moving average price is $16.25 and its 200 day moving average price is $18.08. The stock has a market capitalization of $559.38 million, a P/E ratio of 14.00 and a beta of -0.03. Virtu Financial has a 1-year low of $14.47 and a 1-year high of $25.72.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Virtu Financial had a net margin of 5.15% and a return on equity of 20.34%. The firm had revenue of $174.20 million for the quarter, compared to analyst estimates of $105.12 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. Analysts expect that Virtu Financial will post $1.00 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.56%. Virtu Financial’s dividend payout ratio (DPR) is presently 91.43%.
In related news, CEO Douglas A. Cifu bought 60,000 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were acquired at an average price of $16.51 per share, for a total transaction of $990,600.00. Following the purchase, the chief executive officer now owns 60,000 shares in the company, valued at approximately $990,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 71.00% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. CAPROCK Group Inc. bought a new stake in shares of Virtu Financial during the second quarter worth about $180,000. FDx Advisors Inc. boosted its position in Virtu Financial by 14.1% in the second quarter. FDx Advisors Inc. now owns 10,363 shares of the company’s stock valued at $187,000 after buying an additional 1,278 shares during the period. HighTower Advisors LLC boosted its position in Virtu Financial by 1.3% in the second quarter. HighTower Advisors LLC now owns 10,394 shares of the company’s stock valued at $187,000 after buying an additional 138 shares during the period. TFS Capital LLC bought a new position in Virtu Financial during the second quarter valued at about $193,000. Finally, HBK Investments L P boosted its position in Virtu Financial by 8.4% in the first quarter. HBK Investments L P now owns 11,490 shares of the company’s stock valued at $254,000 after buying an additional 890 shares during the period. Institutional investors and hedge funds own 94.26% of the company’s stock.
Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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