Somewhat Positive News Coverage Somewhat Unlikely to Impact Virtu Financial (VIRT) Share Price
Headlines about Virtu Financial (NASDAQ:VIRT) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtu Financial earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.4305937005748 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Trending Stocks to Observe: Virtu Financial, Inc. (NASDAQ:VIRT), Twilio Inc. (NYSE:TWLO), Ocera Therapeutics, Inc … – Market Breaking Point (press release) (journalfinance.net)
- Virtu Financial, Inc. Announces Quarterly Dividend of $0.24 (VIRT) (americanbankingnews.com)
- Hot Stock’s Trend Recap: Virtu Financial Inc (NASDAQ: VIRT) – Alpha Beta Stock (alphabetastock.com)
- Virtu rises by the most on record on KCG cost savings forecast (ft.com)
- Virtu Financial posts Q3 loss of $40 million burdened by KCG acquisition costs (leaprate.com)
Shares of Virtu Financial (NASDAQ:VIRT) traded up $0.28 on Friday, hitting $16.73. The stock had a trading volume of 355,594 shares, compared to its average volume of 587,094. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 3.15. The stock has a market cap of $2,958.19, a PE ratio of 27.03 and a beta of 0.24. Virtu Financial has a fifty-two week low of $13.10 and a fifty-two week high of $19.07.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $159.79 million during the quarter, compared to analysts’ expectations of $157.40 million. Virtu Financial had a return on equity of 15.06% and a net margin of 0.13%. The business’s quarterly revenue was up 64.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. research analysts forecast that Virtu Financial will post 0.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Thursday, November 30th. Virtu Financial’s payout ratio is presently 600.04%.
VIRT has been the subject of a number of research analyst reports. J P Morgan Chase & Co restated an “underweight” rating and set a $13.00 target price on shares of Virtu Financial in a report on Wednesday, October 18th. Rosenblatt Securities initiated coverage on Virtu Financial in a report on Friday, September 15th. They set a “neutral” rating and a $18.00 target price for the company. TheStreet cut Virtu Financial from a “c-” rating to a “d+” rating in a report on Thursday, October 12th. BidaskClub cut Virtu Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Evercore ISI initiated coverage on Virtu Financial in a report on Monday, October 2nd. They set an “in-line” rating and a $17.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Virtu Financial currently has a consensus rating of “Hold” and an average price target of $15.86.
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About Virtu Financial
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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