Virtu Financial (NASDAQ:VIRT) PT Raised to $29.00

Virtu Financial (NASDAQ:VIRT) had its price target boosted by research analysts at The Goldman Sachs Group from $26.00 to $29.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 6.30% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Bank of America increased their price objective on Virtu Financial from $25.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. UBS Group raised their price target on Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Piper Sandler boosted their price objective on shares of Virtu Financial from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Citigroup raised their target price on shares of Virtu Financial from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. 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, the stock has an average rating of “Hold” and an average target price of $27.79.

Virtu Financial Trading Down 0.0 %

NASDAQ:VIRT opened at $30.95 on Monday. The firm has a market capitalization of $4.87 billion, a P/E ratio of 21.64, a P/E/G ratio of 0.49 and a beta of 0.38. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average of $29.95 and a 200 day moving average of $24.90. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $32.88.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data 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. The firm had revenue of $385.10 million during the quarter, compared to the consensus estimate of $331.92 million. Virtu Financial had a net margin of 7.59% and a return on equity of 22.74%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. On average, research analysts predict that Virtu Financial will post 2.47 earnings per share for the current year.

Insider Activity at Virtu Financial

In other news, Director Virginia Gambale sold 5,400 shares of Virtu Financial stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the completion of the transaction, the director now directly owns 24,122 shares in the company, valued at $658,530.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 46.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Virtu Financial

A number of institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky bought a new position in shares of Virtu Financial in the second quarter worth approximately $503,000. Truist Financial Corp raised its holdings in Virtu Financial by 14.9% in the 2nd quarter. Truist Financial Corp now owns 23,766 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 3,078 shares during the last quarter. Quarry LP raised its holdings in Virtu Financial by 129.1% in the 2nd quarter. Quarry LP now owns 6,130 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 3,454 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its position in Virtu Financial by 26.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 267,474 shares of the financial services provider’s stock valued at $6,005,000 after acquiring an additional 55,550 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in Virtu Financial during the 2nd quarter valued at $395,000. 45.78% of the stock is owned by hedge funds and other institutional investors.

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.