Virtu Financial (NASDAQ:VIRT) Announces Earnings Results

Virtu Financial (NASDAQ:VIRT) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.77 by $0.32, Zacks reports. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%.

Virtu Financial Stock Performance

Shares of Virtu Financial stock traded down $0.03 on Wednesday, reaching $38.91. 168,161 shares of the stock were exchanged, compared to its average volume of 792,639. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23. Virtu Financial has a 1-year low of $16.02 and a 1-year high of $40.30. The firm has a market capitalization of $6.02 billion, a PE ratio of 19.59, a PEG ratio of 0.49 and a beta of 0.45. The business has a fifty day moving average price of $36.64 and a two-hundred day moving average price of $32.86.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VIRT. Morgan Stanley lifted their price objective on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Bank of America lowered their price target on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Piper Sandler upped their target price on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Citigroup upped their price target on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.21.

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.