Zacks Research Estimates Virtu Financial Q2 Earnings

Virtu Financial, Inc. (NYSE:VIRT) – Equities research analysts at Zacks Research upped their Q2 2028 earnings per share estimates for shares of Virtu Financial in a research report issued on Monday, October 5th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.31 for the quarter, up from their prior estimate of $1.30. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Virtu Financial’s current full-year earnings is $6.50 per share. Zacks Research also issued estimates for Virtu Financial’s Q3 2028 earnings at $1.40 EPS and FY2028 earnings at $5.48 EPS.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Virtu Financial from a “neutral” rating to an “overweight” rating and set a $84.00 price objective for the company in a research report on Monday. Piper Sandler reiterated an “overweight” rating on shares of Virtu Financial in a research report on Friday, October 2nd. Wall Street Zen downgraded Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Virtu Financial in a report on Wednesday, August 26th. Finally, 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. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Virtu Financial has a consensus rating of “Moderate Buy” and a consensus price target of $63.80.

Virtu Financial Price Performance

Shares of Virtu Financial stock opened at $57.88 on Wednesday. Virtu Financial has a 52 week low of $31.55 and a 52 week high of $68.76. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The stock has a market cap of $8.98 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.42 and a beta of 0.65. The company’s 50-day moving average price is $59.67 and its two-hundred day moving average price is $55.96.

Virtu Financial (NYSE:VIRT) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $1.82 EPS for the quarter. Virtu Financial had a return on equity of 49.06% and a net margin of 13.50%.The company had revenue of $984.69 million for the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS.

Institutional Investors Weigh In On Virtu Financial

Several institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Virtu Financial by 41.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company’s stock worth $85,607,000 after buying an additional 569,057 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Virtu Financial by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,920,590 shares of the company’s stock valued at $84,458,000 after acquiring an additional 19,888 shares during the last quarter. Wellington Management Group LLP grew its position in Virtu Financial by 39.8% in the second quarter. Wellington Management Group LLP now owns 782,114 shares of the company’s stock worth $46,591,000 after acquiring an additional 222,859 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Virtu Financial by 115.4% during the 1st quarter. Bank of America Corp DE now owns 672,405 shares of the company’s stock worth $29,572,000 after purchasing an additional 360,288 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Virtu Financial by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 628,693 shares of the company’s stock worth $27,650,000 after purchasing an additional 4,183 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John Nixon sold 9,094 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $60.13, for a total transaction of $546,822.22. Following the completion of the sale, the director directly owned 30,902 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Grano, Jr. sold 8,400 shares of Virtu Financial stock in a transaction 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. The trade was a 19.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 46.76% of the company’s stock.

Virtu Financial Dividend Announcement

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

Key Headlines Impacting Virtu Financial

Here are the key news stories impacting Virtu Financial this week:

• Positive Sentiment: Positive analyst momentum: Zacks added VIRT to its Rank #1 (Strong Buy) momentum stocks list and its broader Strong Buy list on October 8. Best Momentum Stocks to Buy for October 8th New Strong Buy Stocks for October 8th
• Positive Sentiment: Improved earnings outlook: Zacks upgraded Virtu to a Rank #2 (Buy), citing growing optimism about the company’s earnings prospects. Another report said Virtu’s historical earnings-surprise record and current estimate trends could support another quarterly beat. Virtu Financial Upgraded to Buy Why Virtu Financial Could Beat Earnings Estimates Again
• Positive Sentiment: Estimates edged higher: Zacks Research raised its EPS forecasts for several 2028 periods, including Q2 EPS to $1.31 from $1.30, Q3 EPS to $1.40 from $1.39, and full-year 2028 EPS to $5.48 from $5.47. An analyst also increased a Q2 EPS estimate. Q2 EPS Estimate for Virtu Financial Boosted
• Neutral Sentiment: Upcoming earnings catalyst: Virtu will release third-quarter 2026 results before the market opens on November 5 and hold a conference call at 8:00 a.m. ET. The announcement sets a date but contains no new operating results. Virtu Financial Third-Quarter 2026 Earnings Date
• Neutral Sentiment: Mixed signal in coverage: Although Zacks upgraded VIRT to Buy, Zacks Research maintained a Hold rating. The small estimate increases may therefore offer only modest support, potentially explaining the weaker session as investors await concrete quarterly results.

About Virtu Financial

Virtu Financial, Inc is a global financial services company that provides liquidity and execution services to the financial markets. Through its market-making business, the company buys and sells securities across a range of asset classes, including equities, exchange-traded funds, options, fixed income, foreign exchange and commodities. Its activities help facilitate trading for investors and other market participants.

Virtu also provides institutional clients with technology, trading tools, analytics and workflow solutions through its execution services business.