Virtu Financial, Inc. (NYSE:VIRT – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $68.68 and last traded at $68.34, with a volume of 3022036 shares changing hands. The stock had previously closed at $61.19.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. The Goldman Sachs Group upped 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 report on Friday, May 29th. Zacks Research cut shares of Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Piper Sandler lifted their price target 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Virtu Financial from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $58.80.
View Our Latest Stock Report on VIRT
Virtu Financial Stock Up 11.7%
Virtu Financial (NYSE:VIRT – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.82 EPS for the quarter. The firm had revenue of $984.69 million during the quarter. Virtu Financial had a return on equity of 49.06% and a net margin of 13.50%.Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Research analysts forecast that Virtu Financial, Inc. will post 6.33 EPS for the current year.
Virtu Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. Virtu Financial’s dividend payout ratio (DPR) is 15.95%.
Insider Buying and Selling
In related news, Director John Nixon sold 9,094 shares of the stock in a transaction that occurred on 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 directly owned 30,902 shares of the company’s stock, valued at $1,858,137.26. This represents a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph J. Grano, Jr. sold 8,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $60.94, for a total transaction of $511,896.00. Following the sale, the director owned 33,814 shares of the company’s stock, valued at $2,060,625.16. The trade was a 19.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 46.76% of the stock is owned by insiders.
Institutional Trading of Virtu Financial
Several hedge funds and other institutional investors have recently modified their holdings of the company. Transamerica Financial Advisors LLC lifted 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 valued at $28,000 after buying an additional 692 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Virtu Financial by 103.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after buying an additional 387 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in Virtu Financial by 51.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock valued at $35,000 after buying an additional 332 shares during the last quarter. Quarry LP bought a new position in Virtu Financial in the 3rd quarter worth $35,000. Finally, International Assets Investment Management LLC bought a new position in Virtu Financial in the 4th quarter worth approximately $37,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.
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.
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