According to Bloomberg.com, the company Virtu Financial, Inc. (NASDAQ: VIRT), which nine separate research agencies are currently tracking, has been assigned an average ” Hold ” rating from all those organizations. These research groups are presently following the company. The stock has been recommended to hold by two equities research analysts, two buy ratings by equity research analysts, and one sell rating by equity research analysts. Analysts who have covered the stock in the last year have set a price target of $32.06 as the average for the stock’s price for the subsequent 12 months. Recently, several research initiatives have concentrated on VIRT as their primary research topic. In a research note made available to the public on Friday, July 22nd, Evercore ISI stated that they had reduced their price target on shares of Virtu Financial to $25.00. In a research note published on Tuesday, July 19th, JPMorgan Chase & Co. informed investors that the price objective they had set for shares of Virtu Financial had been reduced from $37.50 to $31.00. In a research note released on Tuesday, September 6th, UBS Group lowered their price objective on shares of Virtu Financial from $30.00 to $25.00 and gave the stock a “neutral” rating.
The report was about the stock’s potential. A recommendation to “buy” the stock was included in the memo. In a research report published on Tuesday, July 19th, Morgan Stanley lowered their price target on shares of Virtu Financial from $28.00 to $19.00 and gave the stock an “underweight” rating. The purpose of the message was to discuss the company’s forecast for the stock. In a research report distributed on Wednesday, June 29th, Goldman Sachs Group lowered their price objective on shares of Virtu Financial from $35.00 to $30.00 and gave the stock a “neutral” rating. The study was about the company’s stock. The report’s subject matter was the shares of the corporation. In related news, on August 3rd, Director Joanne Minieri purchased 4,000 shares of the company’s stock. This information is relevant to the discussion that has been going on. The number of shares was purchased for a total amount of $93,800.00. This comes out to a price of $23.45 per share on an average basis. The transaction was completed without a hitch, and the director now controls 12,187 shares of the company, the total value of which is around $285,785.15, making the director the only owner of these shares. By going to the website of the Securities and Exchange Commission, you will be able to gain access to the file in which the acquisition was reported. Corporate insiders possess a position that gives them 42.10 percent of the company’s shares.
Recent months have seen several hedge funds and institutional investors adjusting the proportion of their company’s stock. Catalyst Capital Advisors LLC grew its holdings in Virtu Financial by purchasing more shares during the first three months of 2018, bringing the total value of those purchases to $49,000. During the second quarter, McIlrath & Eck LLC purchased more shares of Virtu Financial to expand their holdings in the company. The new investment is valued at approximately $35,000 at this time. During the second quarter, Truvestments Capital LLC completed the purchase of new investment in shares of Virtu Financial with a total value of about $35,000. MetLife Investment Management LLC established a new holding in Virtu Financial shares during the year’s first three months. The value of this new stake is approximately $65,000. Last but not least, during the second quarter of 2018, SeaCrest Wealth Management LLC added a new investment consisting of shares of Virtu Financial with a value of around $42,000 each. Hedge funds and other institutional investors own the company’s stock to 50.91% of the total. When trading began on Monday, a single share of VIRT stock was going for $22.57 per share. The all-time high for Virtu Financial over the past year is $38.63, and the all-time low for the company over the past year is $20.90. In its financial accounts, the company holds a debt-to-equity ratio of 1.03, a quick ratio of 0.54, and a current ratio of 0.54.
The company’s moving averages for the past 50 days are currently resting at $23.20, and the moving averages for the past 200 days are presently sitting at $27.92. The stock presently carries a price-to-earnings ratio of 6.97, a beta value of 0.09, and a market capitalization of $3.89 billion. On Thursday, July 28th, Virtu Financial (NASDAQ: VIRT) disclosed the results of its most recent quarterly earnings report to the public. The financial services firm is now in the lead after reporting earnings of $0.73 per share for the quarter. This is $0.05 more than the average forecast of $0.68 per share, which places the company in the lead. As can be seen by their respectable net margin of 14.55% and return on equity of 40.56%, Virtu Financial did fairly well. The company’s revenue for the period was reported to be $357.40 million, which is lower than the consensus expectation for the period, which was $359.90 million. The corporation turned a profit of $0.63 per share of common stock during the same period the year before, when the same period was measured. In comparison to the same period the previous year, the prior quarter’s revenues for the company were up 4.6%. Analysts specializing in market research anticipate that Virtu Financial will bring in $3.07 in profits per share for the company during the current fiscal year.
In addition, the company has declared a quarterly dividend, which will be paid out on September 15th as previously scheduled. Shareholders who are “of record” as of the previous Thursday, September 1st, will be eligible to receive a dividend payment of $0.24 per share on the following Friday, September 2nd. The date of August 31st, a Wednesday, is the day after which the dividend will no longer be due. This results in a dividend value of $0.96 per year and a yield of 4.25%. When expressed on an annual basis. Virtu Financial’s payout percentage is calculated as 29.63% of total revenue.