Virtu Financial (NASDAQ:VIRT) PT Raised to $32.00 at Citigroup

Virtu Financial (NASDAQ:VIRT) had its price target boosted by analysts at Citigroup from $26.00 to $32.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective would suggest a potential upside of 8.55% from the company’s previous close.

A number of other research firms have also commented on VIRT. UBS Group raised their price objective on shares of Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Piper Sandler raised their target price on shares of Virtu Financial from $25.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. JPMorgan Chase & Co. raised their price objective on shares of Virtu Financial from $20.00 to $21.50 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Morgan Stanley raised their price objective on shares of Virtu Financial from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.03.

Virtu Financial Stock Performance

VIRT traded up $1.56 on Friday, hitting $29.48. 2,988,834 shares of the company’s stock were exchanged, compared to its average volume of 1,302,923. The firm has a market cap of $4.63 billion, a PE ratio of 20.62, a P/E/G ratio of 0.47 and a beta of 0.39. Virtu Financial has a twelve month low of $16.02 and a twelve month high of $29.51. The stock has a fifty day moving average of $23.02 and a two-hundred day moving average of $20.64. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.21.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.60 by $0.23. Virtu Financial had a net margin of 6.04% and a return on equity of 17.33%. The company had revenue of $385.10 million for the quarter, compared to analyst estimates of $331.92 million. During the same quarter last year, the business earned $0.29 earnings per share. Virtu Financial’s revenue was up 38.2% compared to the same quarter last year. On average, research analysts anticipate that Virtu Financial will post 2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VIRT. Riverview Trust Co bought a new position in Virtu Financial in the 1st quarter worth $26,000. Quarry LP grew its position in Virtu Financial by 79.9% in the 4th quarter. Quarry LP now owns 1,680 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 746 shares during the last quarter. CWM LLC grew its position in Virtu Financial by 112.3% in 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 during the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of Virtu Financial by 55.3% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 781 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted 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 valued at $72,000 after acquiring an additional 1,161 shares in the last quarter. Institutional investors 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.