Virtu Financial, Inc. (NASDAQ:VIRT – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $38.45 and last traded at $37.53, with a volume of 80600 shares. The stock had previously closed at $36.71.
The newly announced dividend which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.57%. Virtu Financial’s dividend payout ratio (DPR) is currently 48.24%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on VIRT shares. Bank of America decreased their price objective on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Morgan Stanley raised their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Citigroup boosted their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Finally, Piper Sandler restated an “overweight” rating and set a $35.00 price objective on shares of Virtu Financial in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.50.
View Our Latest Stock Report on VIRT
Virtu Financial Trading Up 1.7 %
The firm has a market capitalization of $5.77 billion, a P/E ratio of 18.76, a PEG ratio of 0.58 and a beta of 0.38. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. The firm has a 50 day moving average of $32.99 and a 200-day moving average of $28.58.
Virtu Financial (NASDAQ:VIRT – Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $388.00 million for the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. Virtu Financial’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities research analysts predict that Virtu Financial, Inc. will post 2.71 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Virtu Financial
Several hedge funds and other institutional investors have recently modified their holdings of VIRT. USA Financial Formulas bought a new stake in shares of Virtu Financial during the 3rd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new position in shares of Virtu Financial during the second quarter worth $39,000. Abich Financial Wealth Management LLC lifted its stake in shares of Virtu Financial by 55.3% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 781 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Virtu Financial during the 2nd quarter valued at $46,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Virtu Financial by 21.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 372 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.
Virtu Financial Company Profile
(Get Free Report)
Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.
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