Brokerages Set Virtu Financial, Inc. (NYSE:VIRT) Target Price at $58.80

Shares of Virtu Financial, Inc. (NYSE:VIRT) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $58.80.

VIRT has been the subject of several recent analyst reports. Piper Sandler raised their target price on shares of Virtu Financial from $61.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Morgan Stanley increased their price objective on Virtu Financial from $39.00 to $57.00 and gave the company an “underweight” rating in a report on Friday, July 10th. Zacks Research cut Virtu Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen downgraded Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, The Goldman Sachs Group upped their target price on Virtu Financial from $51.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th.

Hedge Funds Weigh In On Virtu Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Globeflex Capital L P purchased a new stake in Virtu Financial during the 2nd quarter worth approximately $232,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Virtu Financial in the second quarter worth $88,000. Handelsbanken Fonder AB raised its holdings in shares of Virtu Financial by 1.7% in the second quarter. Handelsbanken Fonder AB now owns 23,815 shares of the company’s stock worth $1,419,000 after buying an additional 400 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Virtu Financial by 4.3% during the second quarter. GAMMA Investing LLC now owns 6,310 shares of the company’s stock worth $376,000 after buying an additional 259 shares during the period. Finally, Redwood Investment Management LLC acquired a new stake in shares of Virtu Financial during the first quarter worth $1,048,000. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Stock Performance

VIRT stock opened at $57.33 on Friday. Virtu Financial has a one year low of $31.55 and a one year high of $68.02. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.39 and a beta of 0.60. 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 firm has a 50-day simple moving average of $59.26 and a two-hundred day simple moving average of $50.15.

Virtu Financial (NYSE:VIRT) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.82 earnings per share (EPS) for the quarter. The firm 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. On average, equities analysts forecast that Virtu Financial will post 6.33 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. Virtu Financial’s payout ratio is presently 15.95%.

About Virtu Financial

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.