Virtu Financial Target of Unusually High Options Trading (VIRT)

Virtu Financial Inc (NASDAQ:VIRT) saw unusually large options trading on Wednesday. Stock investors acquired 1,258 put options on the stock. This represents an increase of 1,065% compared to the average daily volume of 108 put options.

NASDAQ:VIRT traded up $0.17 during midday trading on Thursday, reaching $23.85. The company had a trading volume of 110,884 shares, compared to its average volume of 895,741. The firm has a market cap of $4.72 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 3.27 and a beta of -0.71. Virtu Financial has a 12-month low of $19.65 and a 12-month high of $31.65. The company has a current ratio of 0.67, a quick ratio of 0.68 and a debt-to-equity ratio of 1.65.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.06). The company had revenue of $363.00 million during the quarter, compared to analysts’ expectations of $245.86 million. Virtu Financial had a net margin of 7.56% and a return on equity of 19.13%. The company’s revenue for the quarter was down 55.5% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. Equities analysts forecast that Virtu Financial will post 1.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.03%. Virtu Financial’s dividend payout ratio (DPR) is presently 48.98%.

Several brokerages recently weighed in on VIRT. UBS Group lowered their price objective on Virtu Financial from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Zacks Investment Research upgraded Virtu Financial from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Saturday, April 13th. BidaskClub lowered Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 7th. TheStreet lowered Virtu Financial from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. Finally, ValuEngine upgraded Virtu Financial from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.63.

A number of large investors have recently added to or reduced their stakes in VIRT. Kwmg LLC purchased a new position in Virtu Financial in the first quarter valued at $43,000. NumerixS Investment Technologies Inc increased its position in shares of Virtu Financial by 200.0% during the first quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,200 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Virtu Financial during the fourth quarter worth about $65,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Virtu Financial during the first quarter worth about $72,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Virtu Financial by 86.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,202 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 1,483 shares in the last quarter. Hedge funds and other institutional investors own 55.87% of the company’s stock.

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About Virtu Financial

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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