Virtu Financial Is Now A Viable Income Play [Seeking Alpha]
Virtu Financial, Inc. - Class A (VIRT)
Last virtu financial, inc. - class a earnings: 2/11 06:00 am
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US:NASDAQ Investor Relations:
ir.virtu.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
Summary In my view, VIRT's recent disappointing stock performance can be mostly attributed to a challenging 2019 and acquisition integration hurdles. Nevertheless, I think the discount is now too steep to pass up, especially for income investors. VIRT's CEO himself echoes this feeling. In my experience, this is typically a good buy signal, especially at a 5.77% dividend yield. My valuation model for the stock suggests that the shares have a fair value of $22.22 and a potential upside of 32.7%. All in all, I deem VIRT is now an exceedingly compelling and overlooked dividend stock at these levels. Virtu Financial ( CME NDAQ Source: VIRT's website Overview VIRT's revenues are broken down in execution services and market-making services. For context, the last quarter displayed was split 43% and 57%, respectively. This means that VIRT mostly profits from volatility and trading volumes. Naturally, this makes its revenues entirely disconnected from market returns and also makes its revenues
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VIRT
News
- Bitcoin ETF Discounts Reach Records After Late-Day Selloff [Yahoo! Finance Canada]Yahoo! Finance Canada
- Bitcoin ETFs Flash Signs of Stress as Discounts Reach Records [BNN Bloomberg (Canada)]BNN Bloomberg
- Virtu Financial (NASDAQ:VIRT) Has Affirmed Its Dividend Of $0.24 [Yahoo! Finance]Yahoo! Finance
- Virtu Financial, Inc. (NASDAQ: VIRT) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $19.20 to $21.70. They now have a "neutral" rating on the stock.MarketBeat
- Virtu Financial, Inc. (NASDAQ: VIRT) had its price target raised by analysts at Citigroup Inc. from $22.50 to $24.50. They now have a "buy" rating on the stock.MarketBeat
VIRT
Earnings
- 4/24/24 - Beat
VIRT
Sec Filings
- 4/29/24 - Form 8-K
- 4/29/24 - Form ARS
- 4/26/24 - Form DEFA14A
- VIRT's page on the SEC website