What To Know About Citigroup's Downgrade of Virtu Financial

Citigroup downgraded its rating of Virtu Financial VIRT to Neutral with a price target of $22.50, changing its price target from $26.00 to $22.50.

Shares of Virtu Financial are trading down 1.26% over the last 24 hours, at $20.35 per share.

A move to $22.50 would account for a 10.57% increase from the current share price.

About Virtu Financial

Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.