Virtu Financial Inc (NASDAQ:VIRT) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.24 per share by the financial services provider on Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Friday, November 29th.
Shares of Virtu Financial stock traded up $0.08 during trading on Thursday, reaching $16.42. The company’s stock had a trading volume of 4,195 shares, compared to its average volume of 812,234. Virtu Financial has a 52-week low of $15.32 and a 52-week high of $29.17. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 3.43 and a beta of -0.55. The firm’s 50-day moving average is $17.03 and its two-hundred day moving average is $20.49. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.72.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Virtu Financial had a net margin of 3.58% and a return on equity of 17.64%. The business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $241.79 million. During the same period last year, the company posted $0.22 EPS. Virtu Financial’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, equities research analysts anticipate that Virtu Financial will post 0.99 EPS for the current year.
A number of equities research analysts have recently issued reports on VIRT shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of Virtu Financial in a research note on Tuesday, September 3rd. Morgan Stanley cut their price objective on shares of Virtu Financial from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. UBS Group cut their price objective on shares of Virtu Financial from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, October 11th. BidaskClub cut shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 1st. Finally, ValuEngine raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.00.
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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