Virtu Financial Inc (NASDAQ:VIRT) announced a quarterly dividend on Thursday, February 8th, Zacks reports. Investors of record on Thursday, March 1st will be given a dividend of 0.24 per share by the financial services provider on Thursday, March 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, February 28th.

Virtu Financial (VIRT) traded up $1.45 during mid-day trading on Friday, hitting $27.95. 3,448,070 shares of the company were exchanged, compared to its average volume of 662,735. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.63. Virtu Financial has a 12-month low of $13.10 and a 12-month high of $28.90. The stock has a market capitalization of $3,753.56, a price-to-earnings ratio of 175.48 and a beta of 0.43.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.10. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. The firm had revenue of $460.42 million for the quarter, compared to analyst estimates of $194.80 million. During the same period in the prior year, the firm earned $0.24 earnings per share. sell-side analysts forecast that Virtu Financial will post 0.41 earnings per share for the current fiscal year.

Virtu Financial declared that its Board of Directors has approved a stock buyback plan on Thursday, February 8th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Virtu Financial from an “underweight” rating to a “neutral” rating and set a $20.00 price target on the stock in a research note on Tuesday. Zacks Investment Research upgraded shares of Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Friday, February 2nd. TheStreet upgraded shares of Virtu Financial from a “d+” rating to a “c-” rating in a research note on Thursday, December 7th. BidaskClub upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Goldman Sachs Group increased their price target on shares of Virtu Financial from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.38.

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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.

Dividend History for Virtu Financial (NASDAQ:VIRT)

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