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Principale » Citigroup Cuts Rating On Virtu Financial, Inc. (VIRT)

Citigroup Cuts Rating On Virtu Financial, Inc. (VIRT)

12 Août 2017

The most recent short interest data show 24.89% of the company's stock are short sold.

According to Zacks brokerage recommendations, Virtu Financial, Inc. US Bancorp DE boosted its stake in shares of Virtu Financial by 80.1% in the first quarter. American International Group Inc. now owns 15,512 shares of the financial services provider's stock valued at $264,000 after buying an additional 1,023 shares in the last quarter. First Bank & Trust increased its stake in Virtu Financial by 28.4% in the first quarter. Hedge funds and other institutional investors own 43.88% of the company's stock. Eagle Ridge Investment Management purchased a new stake in Virtu Financial during the first quarter valued at about $250,000. Advisors Asset Management Inc. boosted its stake in shares of Virtu Financial by 192.2% in the first quarter. US Bancorp DE now owns 16,312 shares of the financial services provider's stock valued at $277,000 after buying an additional 7,256 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Virtu Financial during the first quarter worth approximately $2,126,000.

With a total market value of $0, Virtu Financial has price-earnings ratio of 35.87 with a one year low of $12.35 and a one year high of $19.07. The company's 50-day moving average is $16.81 and its 200 day moving average is $16.80. The firm has a market cap of $685.68 million, a price-to-earnings ratio of 36.52 and a beta of 0.39.

Wall Street analysts are predicting that Virtu Financial Cm A (NASDAQ:VIRT) will report earnings per share of $0.19 in their quarterly report. Quantbot Technologies LP now owns 6,316 shares of the financial services provider's stock valued at $107,000 after buying an additional 5,916 shares during the last quarter. The firm had revenue of $77.10 million during the quarter, compared to analysts' expectations of $82.23 million. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, equities analysts anticipate that Virtu Financial will post $0.67 EPS for the current year. First Bank & Trust now owns 8,967 shares of the financial services provider's stock valued at $152,000 after buying an additional 1,983 shares in the last quarter. More interesting news about Virtu Financial Inc (NASDAQ:VIRT) were released by: Marketwatch.com and their article: "Low volatility dampens Virtu's profit" published on August 08, 2017 as well as Globenewswire.com's news article titled: "Virtu Financial to Host Conference Call Announcing 2017 Second Quarter Results ..." with publication date: July 27, 2017. This represents a $0.96 annualized dividend and a yield of 5.71%.

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The company had revenue of $761.20 million during the quarter, compared to analysts' expectations of $768.95 million. Telsey Advisory Group maintained the shares of VRA in report on Thursday, September 3 with "Market Perform" rating.

COPYRIGHT VIOLATION WARNING: This article was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another publication, it was stolen and reposted in violation of United States and worldwide copyright & trademark laws. The original version of this piece of content can be read at https://baseballnewssource.com/markets/virtu-financial-inc-nasdaqvirt-major-shareholder-buys-99000018-00-in-stock-updated-updated/1270743.html. Citigroup Inc. cut Virtu Financial from a "neutral" rating to a "sell" rating and dropped their price target for the company from $17.00 to $16.00 in a research report on Wednesday, July 12th. TheStreet raised Virtu Financial from a "d-" rating to a "c-" rating in a research note on Friday, May 19th. Zacks Investment Research raised shares of Virtu Financial from a sell rating to a hold rating in a research note on Wednesday, July 5th.

Shares of Virtu Financial (VIRT) traded up 1.82% during mid-day trading on Friday, reaching $16.80. On February 9 UBS held the stock rating at "Buy" but lowered the price target to $24.00 from $27.00. They set a "neutral" rating and a $16.00 price objective for the company. The company now has an average rating of "Hold" and a consensus target price of $15.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

On 4/11/2017 Tjmt Holdings Llc, Insider, bought 100,000 with an average share price of $15.62 per share and the total transaction amounting to $1,562,000.00.

Citigroup Cuts Rating On Virtu Financial, Inc. (VIRT)