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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/09/virtu-financial-inc-virt-shares-up-1-2.html
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.
Receive News & Ratings for Virtu Financial Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Virtu Financial Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.