Virtu Financial (NASDAQ:VIRT) Price Target Raised to $21.70

Virtu Financial (NASDAQ:VIRT) had its price target upped by stock analysts at The Goldman Sachs Group from $19.20 to $21.70 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 2.16% from the stock’s previous close.

Several other equities analysts have also commented on VIRT. StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Piper Sandler raised their price objective on shares of Virtu Financial from $21.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Citigroup lifted their target price on shares of Virtu Financial from $22.50 to $24.50 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley boosted their target price on shares of Virtu Financial from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, UBS Group reduced their target price on Virtu Financial from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.24.

Virtu Financial Trading Down 1.0 %

NASDAQ:VIRT traded down $0.22 during trading hours on Friday, hitting $22.18. 473,453 shares of the stock were exchanged, compared to its average volume of 1,080,509. The company has a market capitalization of $3.51 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.60 and a beta of 0.40. Virtu Financial has a twelve month low of $16.02 and a twelve month high of $22.80. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.23. The company’s 50 day moving average is $19.45 and its two-hundred day moving average is $18.82.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Virtu Financial had a return on equity of 17.14% and a net margin of 6.04%. The company had revenue of $535.98 million for the quarter, compared to the consensus estimate of $272.96 million. During the same period last year, the company earned $0.32 EPS. On average, sell-side analysts anticipate that Virtu Financial will post 1.8 earnings per share for the current fiscal year.

Insider Activity at Virtu Financial

In related news, CEO Douglas A. Cifu purchased 50,000 shares of Virtu Financial stock in a transaction that occurred on Wednesday, February 7th. The shares were bought at an average price of $16.21 per share, for a total transaction of $810,500.00. Following the completion of the transaction, the chief executive officer now directly owns 584,132 shares of the company’s stock, valued at $9,468,779.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 44.80% of the stock is currently owned by company insiders.

Institutional Trading of Virtu Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIRT. Riverview Trust Co acquired a new stake in shares of Virtu Financial during the 1st quarter valued at approximately $26,000. Quarry LP raised its stake in shares of Virtu Financial by 79.9% in the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 746 shares in the last quarter. CWM LLC grew its holdings in shares of Virtu Financial by 112.3% during the 4th quarter. CWM LLC now owns 2,131 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,127 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Virtu Financial by 48.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,574 shares of the financial services provider’s stock worth $72,000 after buying an additional 1,161 shares during the period. Finally, International Assets Investment Management LLC raised its position in Virtu Financial by 1,867.8% in the 4th quarter. International Assets Investment Management LLC now owns 4,093 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 3,885 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Company Profile

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.