Virtu Financial Inc. (VIRT) Stock Price Down 1.2%
Shares of Virtu Financial Inc. (NASDAQ:VIRT) dropped 1.2% during trading on Monday . The stock traded as low as $16.21 and last traded at $16.27, with a volume of 254,400 shares trading hands. The stock had previously closed at $16.46.
Separately, Credit Suisse Group AG restated a “sell” rating and issued a $16.50 price target on shares of Virtu Financial in a research note on Wednesday, June 29th.
The stock has a market cap of $622.08 million and a PE ratio of 15.57. The stock has a 50-day moving average price of $16.93 and a 200-day moving average price of $19.16.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The firm earned $174.20 million during the quarter, compared to analysts’ expectations of $105.12 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts predict that Virtu Financial Inc. will post $1.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date is Tuesday, August 30th.
In other Virtu Financial news, CEO Douglas A. Cifu acquired 60,000 shares of Virtu Financial stock in a transaction that occurred on Friday, August 5th. The stock was bought at an average price of $16.51 per share, with a total value of $990,600.00. Following the completion of the purchase, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at approximately $990,600. The purchase was disclosed in a document filed 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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