Other analysts have also issued research reports about the company. Zacks Investment Research lowered Virtu Financial from a hold rating to a sell rating in a report on Thursday, August 8th. Rosenblatt Securities began coverage on Virtu Financial in a report on Wednesday, June 26th. They issued a buy rating and a $29.00 target price for the company. JPMorgan Chase & Co. reissued an overweight rating and issued a $23.00 target price on shares of Virtu Financial in a report on Tuesday, September 3rd. UBS Group reduced their target price on Virtu Financial from $29.00 to $25.00 and set a buy rating for the company in a report on Monday, August 12th. Finally, Morgan Stanley set a $20.00 target price on Virtu Financial and gave the stock a hold rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Virtu Financial presently has a consensus rating of Hold and a consensus price target of $25.29.
Virtu Financial stock opened at $20.15 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $3.90 billion, a P/E ratio of 10.28, a PEG ratio of 3.70 and a beta of -0.54. The stock’s 50 day moving average is $19.48 and its 200 day moving average is $22.54. Virtu Financial has a twelve month low of $17.61 and a twelve month high of $29.17.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, August 30th. Virtu Financial’s payout ratio is 48.98%.
In other Virtu Financial news, CEO Douglas A. Cifu bought 10,000 shares of Virtu Financial stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of $18.58 per share, with a total value of $185,800.00. Following the acquisition, the chief executive officer now owns 235,000 shares in the company, valued at $4,366,300. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 63.70% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Bremer Bank National Association bought a new stake in shares of Virtu Financial in the first quarter worth $83,000. Point72 Hong Kong Ltd grew its holdings in shares of Virtu Financial by 31.8% in the second quarter. Point72 Hong Kong Ltd now owns 5,068 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 1,222 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Virtu Financial by 39.5% in the second quarter. Public Employees Retirement System of Ohio now owns 6,256 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 1,773 shares during the period. Parallel Advisors LLC grew its holdings in shares of Virtu Financial by 32.6% in the second quarter. Parallel Advisors LLC now owns 6,689 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 1,644 shares during the period. Finally, Panagora Asset Management Inc. bought a new stake in shares of Virtu Financial in the second quarter worth $149,000. 64.87% of the stock is owned by institutional investors and hedge funds.
Virtu Financial Company Profile
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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