Citigroup Inc. downgraded shares of Virtu Financial, Inc. (NASDAQ:VIRT) from a neutral rating to a sell rating in a report published on Wednesday morning, MarketBeat.com reports. The firm currently has $16.00 price objective on the financial services provider’s stock, down from their previous price objective of $17.00.
Several other brokerages have also recently commented on VIRT. Zacks Investment Research raised Virtu Financial from a sell rating to a hold rating in a report on Wednesday, July 5th. UBS AG reissued a buy rating and set a $19.00 target price (up previously from $17.00) on shares of Virtu Financial in a report on Monday, April 24th. Finally, TheStreet raised Virtu Financial from a d- rating to a c- rating in a report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $16.00.
Virtu Financial (NASDAQ:VIRT) traded up 0.459% during midday trading on Wednesday, hitting $16.425. The company had a trading volume of 181,802 shares. The company’s 50 day moving average is $16.76 and its 200 day moving average is $16.69. The stock has a market cap of $667.96 million, a price-to-earnings ratio of 24.515 and a beta of 0.42. Virtu Financial has a 12-month low of $12.35 and a 12-month high of $19.07.
Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Virtu Financial had a return on equity of 20.72% and a net margin of 4.41%. The firm had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $82.20 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was down 32.3% compared to the same quarter last year. On average, equities analysts anticipate that Virtu Financial will post $0.72 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in Virtu Financial during the first quarter valued at approximately $2,126,000. State Street Corp raised its stake in Virtu Financial by 6.4% in the fourth quarter. State Street Corp now owns 457,090 shares of the financial services provider’s stock valued at $7,292,000 after buying an additional 27,304 shares during the last quarter. FMR LLC raised its stake in Virtu Financial by 48.5% in the fourth quarter. FMR LLC now owns 1,875,035 shares of the financial services provider’s stock valued at $29,906,000 after buying an additional 612,189 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in Virtu Financial during the fourth quarter valued at about $307,000. Finally, Macquarie Group Ltd. raised its stake in Virtu Financial by 30.6% in the fourth quarter. Macquarie Group Ltd. now owns 105,849 shares of the financial services provider’s stock valued at $1,688,000 after buying an additional 24,781 shares during the last quarter. Hedge funds and other institutional investors own 90.61% of the company’s stock.
About Virtu Financial
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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