Virtu Financial, Inc. (NASDAQ:VIRT) declared a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Friday, September 1st will be paid a dividend of 0.24 per share by the financial services provider on Friday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend is Wednesday, August 30th.
Shares of Virtu Financial (VIRT) traded down 1.17% during trading on Friday, hitting $16.90. 376,112 shares of the stock traded hands. Virtu Financial has a one year low of $12.35 and a one year high of $19.07. The company has a market cap of $1.47 billion, a PE ratio of 36.74 and a beta of 0.39. The firm has a 50 day moving average price of $16.70 and a 200-day moving average price of $16.77.
Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by $0.10. Virtu Financial had a return on equity of 16.54% and a net margin of 3.42%. The business had revenue of $77.10 million for the quarter, compared to analyst estimates of $82.23 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was down 24.6% on a year-over-year basis. Analysts anticipate that Virtu Financial will post $0.66 earnings per share for the current fiscal year.
In related news, major shareholder North Island Ventures, Llc acquired 338,124 shares of the stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $15.44 per share, for a total transaction of $5,220,634.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Holdings (Private) Ltd Temasek acquired 6,346,155 shares of the stock in a transaction dated Thursday, July 20th. The stock was bought at an average price of $15.60 per share, with a total value of $99,000,018.00. The disclosure for this purchase can be found here. 69.90% of the stock is currently owned by insiders.
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Several equities research analysts recently commented on the stock. BidaskClub downgraded shares of Virtu Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Citigroup Inc. reiterated a “sell” rating and set a $14.00 target price (down from $16.00) on shares of Virtu Financial in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. UBS AG restated a “buy” rating and issued a $19.00 price target (up previously from $17.00) on shares of Virtu Financial in a research report on Monday, April 24th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $16.00 price target on shares of Virtu Financial in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.50.
Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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