The financial services sector includes nineteen industries all related to managing money: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance.
Today I’m reviewing a mid-cap US capital markets firm.
It’s name is Virtu Financial Inc.
It’s trading ticker symbol is VIRT. Â
Virtu Financial Inc. is a leading technology-enabled market maker and liquidity provider to the global financial markets. It maintains a technology platform which provides quotations to buyers and sellers of various securities.
The company’s Market Making segment principally works in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.Â
Its Execution Services provides agency-based trading and trading venues in equities, ETFs, futures, and fixed income to institutions, banks, and broker-dealers.Â
Virtu Financial, Inc. was founded in 2008 and is headquartered in New York, New York.
I use three key data points to gauge the value of any dividend equity or fund like Virtu Financial Inc.:
(1) Price
(2) Dividends
(3) Returns
After those three, four more keys will finally unlock an equity or fund in which to invest.Â
No matter what, it’s the first three primary traits that best tell whether a company has made, is making, and will make money.Â
VIRT Price
Virtu’s price was $29.75 per share at yesterday’s market close. A year ago its price was $17.40 for a gain of $12.35 per share in the past year. Â
Assuming Virtu’s price will continue to trade in the range of $16.00 to $45.00 next year, its price could grow another $12.35 from $29.75 to $42.10 by June 22, 2019.Â
VIRT Dividends
Virtu’s most recently declared quarterly dividend was $0.24 per share paid June 15. That $0.24 quarterly dividend equates to an estimated annual payout of $0.96 per share for 2018-19 which yields 3.23% at yesterday’s $29.75 closing stock price. Â
