Virtu Financial Inc. (NASDAQ:VIRT)‘s stock had its “sell” rating restated by equities research analysts at Credit Suisse Group AG in a research note issued to investors on Friday. They presently have a $14.50 price objective on the stock. Credit Suisse Group AG’s price objective indicates a potential downside of 2.49% from the stock’s previous close.
Virtu Financial (NASDAQ:VIRT) traded down 1.28% during midday trading on Friday, reaching $14.68. 345,002 shares of the company’s stock traded hands. The firm has a market cap of $561.29 million, a PE ratio of 14.05 and a beta of -0.03. The firm’s 50-day moving average is $16.31 and its 200 day moving average is $18.15. Virtu Financial has a 52-week low of $14.47 and a 52-week high of $25.72.
Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $174.20 million for the quarter, compared to analyst estimates of $105.12 million. Virtu Financial had a net margin of 5.15% and a return on equity of 20.34%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. Equities research analysts expect that Virtu Financial will post $1.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend was Tuesday, August 30th. Virtu Financial’s payout ratio is 91.43%.
In related news, CEO Douglas A. Cifu bought 60,000 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were purchased at an average price of $16.51 per share, with a total value of $990,600.00. Following the purchase, the chief executive officer now owns 60,000 shares of the company’s stock, valued at approximately $990,600. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 71.00% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. HighTower Advisors LLC raised its stake 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 worth $187,000 after buying an additional 138 shares during the last quarter. HBK Investments L P raised its stake in Virtu Financial by 8.4% in the first quarter. HBK Investments L P now owns 11,490 shares of the company’s stock valued at $254,000 after buying an additional 890 shares during the last quarter. Springbok Capital Management LLC raised its stake in Virtu Financial by 7.8% in the first quarter. Springbok Capital Management LLC now owns 15,282 shares of the company’s stock valued at $338,000 after buying an additional 1,104 shares during the last quarter. FDx Advisors Inc. raised its stake in 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 during the last quarter. Finally, BlackRock Group LTD raised its stake in Virtu Financial by 18.5% in the second quarter. BlackRock Group LTD now owns 11,884 shares of the company’s stock valued at $213,000 after buying an additional 1,852 shares during the last quarter. 94.26% of the stock is currently owned by hedge funds and other institutional investors.
Virtu Financial Company Profile