Credit Suisse Group AG Analysts Give Virtu Financial Inc. (VIRT) a $15.00 Price Target
Virtu Financial (NASDAQ:VIRT) opened at 14.35 on Friday. The firm has a market cap of $548.67 million, a price-to-earnings ratio of 13.73 and a beta of -0.03. Virtu Financial has a 12 month low of $14.25 and a 12 month high of $25.72. The firm’s 50 day moving average is $16.11 and its 200-day moving average is $17.93.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The company earned $174.20 million during the quarter, compared to analysts’ expectations of $105.12 million. Virtu Financial had a net margin of 5.15% and a return on equity of 20.34%. Virtu Financial’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. On average, equities analysts forecast that Virtu Financial will post $1.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.96 annualized dividend and a yield of 6.69%. Virtu Financial’s dividend payout ratio is currently 91.43%.
In other 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 owns 60,000 shares in the company, valued at $990,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 71.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of VIRT. CAPROCK Group Inc. purchased a new position in shares of Virtu Financial during the second quarter valued at approximately $180,000. HighTower Advisors LLC boosted its position in shares of Virtu Financial by 1.3% in the second quarter. HighTower Advisors LLC now owns 10,394 shares of the company’s stock valued at $187,000 after buying an additional 138 shares in the last quarter. FDx Advisors Inc. boosted its position in shares of Virtu Financial by 14.1% in the second quarter. FDx Advisors Inc. now owns 10,363 shares of the company’s stock valued at $187,000 after buying an additional 1,278 shares in the last quarter. TFS Capital LLC purchased a new position in shares of Virtu Financial during the second quarter valued at approximately $193,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Virtu Financial during the second quarter valued at approximately $211,000. 91.62% of the stock is owned by institutional investors.
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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