Fintel reports that on April 11, 2023, Morgan Stanley upgraded their outlook for Virtu Financial (NASDAQ:VIRT) from Underweight to Equal-Weight .
Analyst Price Forecast Suggests 17.22% Upside
As of April 6, 2023, the average one-year price target for Virtu Financial is $21.64. The forecasts range from a low of $18.18 to a high of $27.30. The average price target represents an increase of 17.22% from its latest reported closing price of $18.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Virtu Financial is $1,503MM, a decrease of 25.14%. The projected annual non-GAAP EPS is $3.08.
Virtu Financial Declares $0.24 Dividend
On January 26, 2023 the company declared a regular quarterly dividend of $0.24 per share ($0.96 annualized). Shareholders of record as of March 1, 2023 received the payment on March 15, 2023. Previously, the company paid $0.24 per share.
At the current share price of $18.46 / share, the stock's dividend yield is 5.20%. Looking back five years and taking a sample every week, the average dividend yield has been 4.07%, the lowest has been 2.56%, and the highest has been 6.26%. The standard deviation of yields is 0.80 (n=237).
The current dividend yield is 1.42 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.35. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What are Other Shareholders Doing?
AALGX - Thrivent Global Stock Fund holds 9K shares representing 0.01% ownership of the company. No change in the last quarter.
HWVIX - Hotchkis & Wiley Small Cap Diversified Value Fund Class I holds 116K shares representing 0.12% ownership of the company. In it's prior filing, the firm reported owning 71K shares, representing an increase of 38.84%. The firm increased its portfolio allocation in VIRT by 31.42% over the last quarter.
Vident Investment Advisory holds 133K shares representing 0.14% ownership of the company. In it's prior filing, the firm reported owning 110K shares, representing an increase of 17.39%. The firm decreased its portfolio allocation in VIRT by 54.53% over the last quarter.
BLACKROCK FUNDS - iShares Russell Small holds 8K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 9K shares, representing a decrease of 8.41%. The firm decreased its portfolio allocation in VIRT by 24.59% over the last quarter.
BBVLX - Bridge Builder Large Cap Value Fund holds 4K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 5K shares, representing a decrease of 18.26%. The firm decreased its portfolio allocation in VIRT by 14.24% over the last quarter.
What is the Fund Sentiment?
There are 582 funds or institutions reporting positions in Virtu Financial.
This is a decrease
of
2
owner(s) or 0.34% in the last quarter.
Average portfolio weight of all funds dedicated to VIRT is 0.16%,
a decrease
of 9.56%.
Total shares owned by institutions decreased
in the last three months by 0.13% to 99,295K shares.
The put/call ratio of VIRT is 0.42, indicating a
bullish
outlook.
Virtu Financial Background Information
(This description is provided by the company.)
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging itsglobal marketmaking expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu's product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu's integrated, multi-asset analytics platform provides a range of pre and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.
See all Virtu Financial regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
