Virtu Financial, Inc. (NYSE:VIRT - Get Free Report) Director John Nixon sold 9,094 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $60.13, for a total transaction of $546,822.22. Following the sale, the director directly owned 30,902 shares in the company, valued at $1,858,137.26. This trade represents a 22.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Virtu Financial Stock Up 2.5%
Shares of Virtu Financial stock opened at $61.02 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market capitalization of $9.47 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.41 and a beta of 0.60. Virtu Financial, Inc. has a 52-week low of $31.55 and a 52-week high of $68.02. The company has a 50-day simple moving average of $59.69 and a two-hundred day simple moving average of $50.63.
Virtu Financial (NYSE:VIRT - Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $1.82 earnings per share (EPS) for the quarter. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. The firm had revenue of $984.69 million for the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. On average, analysts anticipate that Virtu Financial, Inc. will post 6.33 EPS for the current fiscal year.
Virtu Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.96 annualized dividend and a yield of 1.6%. Virtu Financial's dividend payout ratio is 15.95%.
Institutional Investors Weigh In On Virtu Financial
A number of large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in Virtu Financial by 103.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company's stock valued at $34,000 after buying an additional 387 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in shares of Virtu Financial by 480.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 836 shares of the company's stock valued at $28,000 after buying an additional 692 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Virtu Financial by 51.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company's stock worth $35,000 after buying an additional 332 shares during the last quarter. Quarry LP purchased a new position in shares of Virtu Financial in the 3rd quarter worth $35,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Virtu Financial by 1,624.1% in the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the company's stock worth $38,000 after acquiring an additional 942 shares during the period. Institutional investors own 45.78% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Virtu Financial from $51.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Morgan Stanley upped their price target on Virtu Financial from $39.00 to $57.00 and gave the company an "underweight" rating in a report on Friday, July 10th. Wall Street Zen cut Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Virtu Financial in a report on Friday, May 29th. Finally, Zacks Research lowered Virtu Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $58.80.
View Our Latest Report on Virtu Financial
About Virtu Financial
(
Get Free Report)
Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.
The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.
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