Virtu Financial, Inc. (NASDAQ:VIRT)‘s stock had its “neutral” rating reiterated by research analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $16.00 price target on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential downside of 1.54% from the stock’s current price.
Other research analysts have also issued research reports about the stock. UBS AG reiterated a “buy” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Virtu Financial in a report on Monday, April 24th. TheStreet upgraded shares of Virtu Financial from a “d-” rating to a “c-” rating in a report on Friday, May 19th. Zacks Investment Research upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Citigroup Inc. lowered shares of Virtu Financial from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $17.00 to $16.00 in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.50.
Shares of Virtu Financial (NASDAQ:VIRT) traded up 1.6523% during midday trading on Thursday, hitting $16.5185. 550,518 shares of the stock traded hands. The company has a market capitalization of $674.19 million, a price-to-earnings ratio of 35.9098 and a beta of 0.39. Virtu Financial has a 52 week low of $12.35 and a 52 week high of $19.07. The firm’s 50-day moving average is $16.86 and its 200 day moving average is $16.81.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $77.10 million during the quarter, compared to the consensus estimate of $82.23 million. Virtu Financial had a net margin of 3.42% and a return on equity of 16.40%. The firm’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. Equities analysts forecast that Virtu Financial will post $0.68 earnings per share for the current year.
In other news, major shareholder Holdings (Private) Ltd Temasek purchased 6,346,155 shares of the stock in a transaction on Thursday, July 20th. The stock was purchased at an average price of $15.60 per share, for a total transaction of $99,000,018.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 69.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its position in Virtu Financial by 1,479.0% in the first quarter. Quantbot Technologies LP now owns 6,316 shares of the financial services provider’s stock valued at $107,000 after buying an additional 5,916 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Virtu Financial during the first quarter valued at about $109,000. First Bank & Trust raised its position in Virtu Financial by 28.4% in the first quarter. First Bank & Trust now owns 8,967 shares of the financial services provider’s stock valued at $152,000 after buying an additional 1,983 shares during the last quarter. Eagle Ridge Investment Management purchased a new position in Virtu Financial during the first quarter valued at about $250,000. Finally, American International Group Inc. increased its stake in shares of Virtu Financial by 7.1% in the first quarter. American International Group Inc. now owns 15,512 shares of the financial services provider’s stock valued at $264,000 after buying an additional 1,023 shares during the period. Hedge funds and other institutional investors own 43.88% 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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