Published On: Fri, Sep 9th, 2016

Virtu Financial Inc. (VIRT) Shares Up 1.2%

Virtu Financial Inc. (NASDAQ:VIRT)’s share price was up 1.2% during trading on Friday . The stock traded as high as $17.17 and last traded at $17.06, with a volume of 385,473 shares traded. The stock had previously closed at $16.85.
Separately, Credit Suisse Group AG reaffirmed a “sell” rating and set a $16.50 price target on shares of Virtu Financial in a report on Wednesday, June 29th.
The firm has a market capitalization of $651.14 million, a PE ratio of 16.30 and a beta of -0.05. The firm’s 50 day moving average price is $16.84 and its 200-day moving average price is $19.06.

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Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $174.20 million for the quarter, compared to the consensus estimate of $105.12 million. Virtu Financial had a return on equity of 20.34% and a net margin of 5.15%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. Equities analysts anticipate that Virtu Financial Inc. will post $1.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Tuesday, August 30th. Virtu Financial’s payout ratio is 91.43%.
In other news, CEO Douglas A. Cifu bought 60,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were bought at an average price of $16.51 per share, with a total value of $990,600.00. Following the completion of the transaction, the chief executive officer now owns 60,000 shares of the company’s stock, valued at $990,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 71.00% of the stock is owned by insiders.
About Virtu Financial
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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