Virtu Financial (NASDAQ:VIRT) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of Virtu Financial (NASDAQ:VIRT) from a strong sell rating to a sell rating in a research report released on Thursday morning, ValuEngine reports.

Several other equities analysts have also commented on VIRT. BidaskClub upgraded shares of Virtu Financial from a strong sell rating to a sell rating in a report on Saturday, August 3rd. UBS Group decreased their price objective on shares of Virtu Financial from $29.00 to $25.00 and set a buy rating on the stock in a report on Monday, August 12th. Rosenblatt Securities began coverage on shares of Virtu Financial in a report on Wednesday, June 26th. They issued a buy rating and a $29.00 price objective on the stock. TheStreet lowered shares of Virtu Financial from a b rating to a c+ rating in a report on Friday, May 3rd. Finally, Zacks Investment Research lowered shares of Virtu Financial from a hold rating to a sell rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Virtu Financial presently has an average rating of Hold and a consensus price target of $25.67.

Shares of VIRT stock opened at $18.14 on Thursday. The firm’s 50 day moving average price is $21.20 and its 200-day moving average price is $23.47. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.67 and a current ratio of 0.63. Virtu Financial has a one year low of $17.67 and a one year high of $29.17. The firm has a market cap of $3.48 billion, a P/E ratio of 9.26, a P/E/G ratio of 3.17 and a beta of -0.60.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.11). Virtu Financial had a return on equity of 17.64% and a net margin of 3.58%. The company had revenue of $378.50 million during the quarter, compared to analyst estimates of $262.19 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. As a group, research analysts predict that Virtu Financial will post 1.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.29%. Virtu Financial’s dividend payout ratio (DPR) is presently 48.98%.

In other Virtu Financial news, EVP Stephen Cavoli sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $23.48, for a total transaction of $176,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 63.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. increased its position in shares of Virtu Financial by 211.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 7,129,625 shares of the financial services provider’s stock valued at $155,285,000 after purchasing an additional 4,842,600 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Virtu Financial by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,462,867 shares of the financial services provider’s stock valued at $140,762,000 after purchasing an additional 380,502 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Virtu Financial by 40.9% in the 2nd quarter. William Blair Investment Management LLC now owns 5,767,837 shares of the financial services provider’s stock valued at $125,623,000 after purchasing an additional 1,674,638 shares during the last quarter. BlackRock Inc. increased its position in shares of Virtu Financial by 13.5% in the 2nd quarter. BlackRock Inc. now owns 2,595,378 shares of the financial services provider’s stock valued at $56,527,000 after purchasing an additional 309,450 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of Virtu Financial by 0.8% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,540,392 shares of the financial services provider’s stock valued at $36,584,000 after purchasing an additional 12,061 shares during the last quarter. Institutional investors own 56.89% of the company’s stock.

Virtu Financial Company Profile

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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Analyst Recommendations for Virtu Financial (NASDAQ:VIRT)

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