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

Shares of Virtu Financial, Inc. (NYSE:VIRT) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $58.80.

A number of research firms have issued reports on VIRT. Piper Sandler raised their target price on Virtu Financial from $61.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price target on Virtu Financial from $51.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. The Goldman Sachs Group increased their price objective on Virtu Financial from $51.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Virtu Financial in a research note on Wednesday, August 26th. Finally, Wall Street Zen lowered shares of Virtu Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

Virtu Financial Price Performance

NYSE VIRT opened at $64.18 on Tuesday. 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 company has a fifty day simple moving average of $60.84 and a 200 day simple moving average of $52.82. The company has a market cap of $9.96 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.42 and a beta of 0.62. Virtu Financial has a 1 year low of $31.55 and a 1 year high of $68.76.

Virtu Financial (NYSE:VIRT) last announced its earnings results on Tuesday, July 14th. The company reported $1.82 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, sell-side analysts predict that Virtu Financial will post 6.38 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Virtu Financial’s dividend payout ratio (DPR) is currently 15.95%.

Insider Buying and Selling at Virtu Financial

In related news, Director Joseph J. Grano, Jr. sold 8,400 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total value of $511,896.00. Following the completion of the sale, the director owned 33,814 shares in the company, valued at approximately $2,060,625.16. This trade represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the director owned 30,902 shares of the company’s stock, valued at approximately $1,858,137.26. The trade was a 22.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 46.76% of the company’s stock.

Hedge Funds Weigh In On Virtu Financial

Several large investors have recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC grew 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 worth $28,000 after purchasing an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Virtu Financial by 103.8% in the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after purchasing an additional 387 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Virtu Financial by 51.9% in the third quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock valued at $35,000 after purchasing an additional 332 shares in the last quarter. Quarry LP bought a new position in Virtu Financial in the third quarter worth $35,000. Finally, International Assets Investment Management LLC bought a new position in Virtu Financial in the fourth quarter worth $37,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

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.