Virtu Financial Inc. (VIRT) Stock Price Down 3%
Shares of Virtu Financial Inc. (NASDAQ:VIRT) fell 3% on Monday . The company traded as low as $16.86 and last traded at $16.87, with a volume of 331,716 shares changing hands. The stock had previously closed at $17.40.
Separately, Credit Suisse Group AG reissued a “sell” rating and issued a $16.50 price target on shares of Virtu Financial in a report on Wednesday, June 29th.
The stock has a market cap of $632.79 million and a price-to-earnings ratio of 15.84. The firm has a 50-day moving average of $17.03 and a 200-day moving average of $19.22.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The firm had revenue of $174.20 million for the quarter, compared to the consensus estimate of $105.12 million. During the same period in the prior year, the company earned $0.27 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Virtu Financial Inc. will post $1.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.96 annualized dividend and a yield of 5.72%.
In other news, CEO Douglas A. Cifu acquired 60,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was acquired at an average price of $16.51 per share, with a total value of $990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at approximately $990,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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