JPMorgan Chase & Co. upgraded shares of Virtu Financial (NYSE:VIRT – Free Report) from a neutral rating to an overweight rating in a research report report published on Monday, MarketBeat.com reports. They currently have $84.00 target price on the stock.
Other equities analysts also recently issued reports about the company. Zacks Research downgraded Virtu Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 24th. Wall Street Zen downgraded shares of Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Piper Sandler reiterated an “overweight” rating on shares of Virtu Financial in a research note on Friday. Evercore raised shares of Virtu Financial to an “outperform” rating in a report on Monday. Finally, Morgan Stanley lifted their price target 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. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.80.
Get Our Latest Analysis on Virtu Financial
Virtu Financial Trading Up 7.1%
Virtu Financial (NYSE:VIRT – Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $1.82 earnings per share (EPS) for the quarter. Virtu Financial had a return on equity of 49.06% and a net margin of 13.50%.The firm had revenue of $984.69 million for the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Analysts anticipate that Virtu Financial will post 6.38 earnings per share for the current year.
Virtu Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.24 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Virtu Financial’s dividend payout ratio (DPR) is presently 15.95%.
Insider Buying and Selling
In related news, Director Joseph Grano, Jr. sold 8,400 shares of the company’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 directly owned 33,814 shares of the company’s stock, valued at approximately $2,060,625.16. This represents a 19.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the director directly owned 30,902 shares in the company, valued at $1,858,137.26. This trade represents a 22.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 46.76% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Virtu Financial
Institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. increased its holdings in shares of Virtu Financial by 10.7% in the 2nd quarter. QRG Capital Management Inc. now owns 25,377 shares of the company’s stock worth $1,512,000 after acquiring an additional 2,460 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Virtu Financial during the second quarter valued at about $217,000. Tidal Investments LLC bought a new stake in shares of Virtu Financial during the 2nd quarter worth about $1,792,000. Integrated Wealth Concepts LLC acquired a new position in shares of Virtu Financial during the second quarter valued at approximately $285,000. Finally, Squarepoint Ops LLC increased its stake in shares of Virtu Financial by 68.1% during the second quarter. Squarepoint Ops LLC now owns 14,222 shares of the company’s stock valued at $847,000 after acquiring an additional 5,762 shares during the period. Institutional investors own 45.78% of the company’s stock.
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.
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