Key Points
- Virtu Financial director Joseph Grano Jr. sold 8,400 shares at an average price of $60.94, generating $511,896 and reducing his direct ownership by 19.9% to 33,814 shares.
- Virtu Financial shares were trading at $61.09, near the company’s 52-week high of $68.02, while the firm reported quarterly EPS of $1.82 on $984.69 million in revenue.
- The company declared a quarterly dividend of $0.24 per share, equal to $0.96 annually and a 1.6% yield. Analysts’ consensus rating is “Hold,” with an average price target of $58.80.
Virtu Financial, Inc. (NYSE:VIRT - Get Free Report) Director Joseph Grano, Jr. sold 8,400 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total value of $511,896.00. Following the sale, the director directly owned 33,814 shares of the company's stock, valued at approximately $2,060,625.16. This represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Virtu Financial Trading Up 1.9%
NYSE VIRT opened at $61.09 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $59.89 and a 200 day moving average price of $50.90. Virtu Financial, Inc. has a 52-week low of $31.55 and a 52-week high of $68.02. The stock has a market capitalization of $9.48 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.41 and a beta of 0.60.
Virtu Financial (NYSE:VIRT - Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $1.82 EPS for the quarter. The company had revenue of $984.69 million for the quarter. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Equities research analysts expect that Virtu Financial, Inc. will post 6.33 EPS for the current year.
Virtu Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid 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 payout ratio is presently 15.95%.
Analyst Ratings Changes
A number of analysts have recently issued reports on VIRT shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Virtu Financial in a report on Friday, May 29th. Wall Street Zen lowered shares of Virtu Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research downgraded Virtu Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. The Goldman Sachs Group lifted their price target on Virtu Financial from $51.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, June 30th. Finally, Piper Sandler upped their price objective on shares of Virtu Financial from $61.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $58.80.
Check Out Our Latest Stock Report on VIRT
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of Virtu Financial by 4.3% during the 2nd quarter. GAMMA Investing LLC now owns 6,310 shares of the company's stock valued at $376,000 after purchasing an additional 259 shares in the last quarter. NewEdge Advisors LLC boosted its position in Virtu Financial by 2.2% during the 4th quarter. NewEdge Advisors LLC now owns 12,939 shares of the company's stock worth $431,000 after acquiring an additional 275 shares during the period. Optimist Retirement Group LLC grew its position in Virtu Financial by 3.5% during the fourth quarter. Optimist Retirement Group LLC now owns 8,277 shares of the company's stock valued at $276,000 after purchasing an additional 279 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Virtu Financial by 18.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,868 shares of the company's stock worth $62,000 after acquiring an additional 291 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Virtu Financial by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,237 shares of the company's stock worth $608,000 after purchasing an additional 300 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.
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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