Virtu Financial (NASDAQ:VIRT) Upgraded by StockNews.com to “Hold”

Virtu Financial (NASDAQ:VIRTGet Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $21.00 price objective on shares of Virtu Financial in a report on Friday, March 22nd. Citigroup lifted their price objective on Virtu Financial from $21.00 to $22.50 and gave the company a “buy” rating in a report on Tuesday, March 26th. Morgan Stanley decreased their price objective on Virtu Financial from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 29th. Finally, UBS Group decreased their price objective on Virtu Financial from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.92.

Get Our Latest Stock Report on VIRT

Virtu Financial Stock Performance

VIRT stock traded up $0.05 during trading on Tuesday, reaching $21.09. 902,700 shares of the stock were exchanged, compared to its average volume of 1,124,503. Virtu Financial has a twelve month low of $16.02 and a twelve month high of $21.19. The company has a market capitalization of $3.33 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 5.84 and a beta of 0.40. The stock has a 50 day simple moving average of $18.21 and a 200-day simple moving average of $18.43. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.23.

Virtu Financial (NASDAQ:VIRTGet Free Report) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. The firm had revenue of $535.98 million for the quarter, compared to analyst estimates of $272.96 million. During the same period last year, the business earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Virtu Financial will post 1.79 earnings per share for the current year.

Insider Activity

In related news, CEO Douglas A. Cifu acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $16.21 per share, for a total transaction of $810,500.00. Following the transaction, 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 corporate insiders.

Institutional Trading of Virtu Financial

Institutional investors have recently bought and sold shares of the business. State of Wyoming grew its holdings in Virtu Financial by 19.7% during the 2nd quarter. State of Wyoming now owns 4,397 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 725 shares during the period. Janney Montgomery Scott LLC grew its holdings in Virtu Financial by 7.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,037 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 740 shares during the period. Quarry LP grew its holdings in 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 during the period. Public Employees Retirement System of Ohio grew its holdings in Virtu Financial by 2.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 39,272 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 766 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Virtu Financial by 51.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 817 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

About Virtu Financial

(Get Free Report)

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.

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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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