Edgestream Partners L.P. acquired a new stake in shares of Virtu Financial, Inc. (NYSE:VIRT – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,057 shares of the company’s stock, valued at approximately $1,498,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VIRT. Invesco Ltd. raised its holdings in Virtu Financial by 64.2% in the third quarter. Invesco Ltd. now owns 2,370,400 shares of the company’s stock worth $84,149,000 after purchasing an additional 926,376 shares in the last quarter. Millennium Management LLC grew its position in shares of Virtu Financial by 290.3% in the 4th quarter. Millennium Management LLC now owns 1,132,346 shares of the company’s stock worth $37,730,000 after buying an additional 842,247 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Virtu Financial by 565.4% in the 4th quarter. Wellington Management Group LLP now owns 815,143 shares of the company’s stock worth $27,161,000 after buying an additional 692,643 shares during the last quarter. Algebris UK Ltd. purchased a new position in shares of Virtu Financial in the 4th quarter worth approximately $22,377,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Virtu Financial by 41.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company’s stock worth $85,607,000 after acquiring an additional 569,057 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.
Insider Buying and Selling
In related news, COO Brett Fairclough sold 30,000 shares of Virtu Financial stock in a transaction on Friday, May 8th. The shares were sold at an average price of $50.06, for a total value of $1,501,800.00. Following the sale, the chief operating officer owned 42,473 shares of the company’s stock, valued at approximately $2,126,198.38. This trade represents a 41.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 46.76% of the company’s stock.
Virtu Financial Stock Down 0.0%
Virtu Financial (NYSE:VIRT – Get Free Report) last posted its quarterly 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 business had revenue of $984.69 million during the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Analysts anticipate 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. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Virtu Financial’s dividend payout ratio is presently 15.95%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on VIRT shares. Zacks Research cut shares of Virtu Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Virtu Financial from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Virtu Financial in a research report on Friday, May 29th. Piper Sandler increased their price objective on Virtu Financial from $61.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Morgan Stanley raised their price objective on Virtu Financial from $39.00 to $57.00 and gave the stock an “underweight” rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $58.80.
Read Our Latest Analysis on Virtu Financial
Virtu Financial Company Profile
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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