Virtu Financial Inc (NASDAQ:VIRT) – Equities researchers at Piper Sandler increased their Q1 2020 earnings per share (EPS) estimates for Virtu Financial in a report released on Tuesday, February 11th. Piper Sandler analyst R. Repetto now anticipates that the financial services provider will earn $0.38 per share for the quarter, up from their previous estimate of $0.33. Piper Sandler also issued estimates for Virtu Financial’s Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $1.51 EPS, Q1 2021 earnings at $0.44 EPS, Q3 2021 earnings at $0.41 EPS, Q4 2021 earnings at $0.44 EPS and FY2021 earnings at $1.70 EPS.
A number of other equities analysts have also weighed in on VIRT. Rosenblatt Securities upped their target price on shares of Virtu Financial from to in a research report on Wednesday. BidaskClub upgraded shares of Virtu Financial from a “strong sell” rating to a “sell” rating in a research report on Friday. Goldman Sachs Group lowered shares of Virtu Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.75 to $15.50 in a research report on Monday, January 6th. Zacks Investment Research upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. Finally, Citigroup set a $18.00 target price on shares of Virtu Financial and gave the stock a “hold” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Virtu Financial currently has a consensus rating of “Hold” and a consensus price target of $18.44.
Shares of NASDAQ:VIRT opened at $17.58 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a fifty day moving average price of $16.14 and a 200 day moving average price of $17.29. Virtu Financial has a fifty-two week low of $14.94 and a fifty-two week high of $26.30. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 47.51, a P/E/G ratio of 2.36 and a beta of -0.56.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. Virtu Financial had a net margin of 2.55% and a return on equity of 18.75%. The firm had revenue of $257.20 million during the quarter, compared to analysts’ expectations of $252.72 million. During the same period in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in VIRT. Tower Research Capital LLC TRC lifted its position in Virtu Financial by 208.3% during the third quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,127 shares during the last quarter. Neo Ivy Capital Management bought a new position in Virtu Financial during the fourth quarter valued at $30,000. FNY Investment Advisers LLC bought a new position in Virtu Financial during the fourth quarter valued at $41,000. Tower Research Capital LLC TRC lifted its position in Virtu Financial by 72.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,884 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Virtu Financial during the fourth quarter valued at $58,000. Institutional investors and hedge funds own 66.66% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.46%. Virtu Financial’s dividend payout ratio (DPR) is currently 48.98%.
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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