Virtu Financial (NYSE:VIRT – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.
VIRT has been the topic of a number of other research reports. Morgan Stanley raised their price objective on shares of Virtu Financial from $39.00 to $57.00 and gave the stock an “underweight” rating in a research note on Friday, July 10th. The Goldman Sachs Group increased their price target on shares of Virtu Financial from $51.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Wall Street Zen lowered shares of Virtu Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Piper Sandler lifted their price objective on shares of Virtu Financial from $61.00 to $70.00 and gave the company 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 stock a “neutral” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Virtu Financial presently has an average rating of “Hold” and an average target price of $58.80.
View Our Latest Report on Virtu Financial
Virtu Financial Stock Up 1.5%
Virtu Financial (NYSE:VIRT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $1.82 earnings per share 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 during the quarter. 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.
Insider Transactions at Virtu Financial
In related news, Director Joseph J. Grano, Jr. sold 8,400 shares of the firm’s 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 transaction, the director directly owned 33,814 shares of the company’s stock, valued at approximately $2,060,625.16. This trade represents a 19.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Nixon sold 9,094 shares of Virtu Financial stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $60.13, for a total value of $546,822.22. Following the completion of the sale, the director owned 30,902 shares in the company, valued at approximately $1,858,137.26. The trade was a 22.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 46.76% of the stock is owned by insiders.
Hedge Funds Weigh In On Virtu Financial
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of Virtu Financial during the second quarter worth approximately $1,792,000. Allspring Global Investments Holdings LLC boosted its stake in 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 purchasing an additional 569,057 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in Virtu Financial by 27.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 516,366 shares of the company’s stock worth $22,710,000 after purchasing an additional 111,437 shares during the last quarter. Collar Capital Management LLC purchased a new stake in shares of Virtu Financial during the fourth quarter worth $1,798,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Virtu Financial during the second quarter worth $1,001,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.
Virtu Financial Company Profile
Virtu Financial, Inc is a global financial services company that provides liquidity and execution services across the financial markets. Through its market-making operations, the company quotes buy and sell prices and facilitates trading in a range of securities, including equities, exchange-traded funds, options, futures, foreign exchange and fixed-income products.
Virtu also provides technology-enabled execution and workflow solutions to institutions, brokers, and other market participants.
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