Virtu Financial, Inc. (NYSE:VIRT) Stock Has Average Target Price of $58.80 According to Brokerages

Shares of Virtu Financial, Inc. (NYSE:VIRT – Get Free Report) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $58.80.

A number of brokerages recently weighed in on VIRT. Piper Sandler reissued an “overweight” rating on shares of Virtu Financial in a report on Friday. Zacks Research lowered shares of Virtu Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 24th. Wall Street Zen cut shares of Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Morgan Stanley increased their target price on shares of Virtu Financial from $39.00 to $57.00 and gave the company an “underweight” rating in a research report on Friday, July 10th. Finally, The Goldman Sachs Group lifted 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.

Check Out Our Latest Stock Report on Virtu Financial

Virtu Financial Stock Performance

Shares of Virtu Financial stock opened at $58.61 on Friday. The business’s fifty day simple moving average is $59.54 and its 200 day simple moving average is $55.27. The firm has a market capitalization of $9.10 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 0.37 and a beta of 0.65. Virtu Financial has a 12 month low of $31.55 and a 12 month high of $68.76. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87.

Virtu Financial (NYSE:VIRT – Get Free Report) last announced its quarterly earnings data 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 during the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. As a group, analysts anticipate that Virtu Financial will post 6.38 EPS for the current year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 1st. Virtu Financial’s dividend payout ratio (DPR) is currently 15.95%.

Insider Transactions at Virtu Financial

In other news, Director John Nixon sold 9,094 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 30,902 shares of the company’s stock, valued at $1,858,137.26. This trade represents a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph J. Grano, Jr. sold 8,400 shares of Virtu Financial stock in a transaction on 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 transaction, the director 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 46.76% of the company’s stock.

Institutional Trading of Virtu Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Virtu Financial by 41.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company’s stock valued at $85,607,000 after acquiring an additional 569,057 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Virtu Financial by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,920,590 shares of the company’s stock valued at $84,458,000 after purchasing an additional 19,888 shares during the period. Wellington Management Group LLP boosted its holdings in Virtu Financial by 39.8% in the 2nd quarter. Wellington Management Group LLP now owns 782,114 shares of the company’s stock valued at $46,591,000 after purchasing an additional 222,859 shares during the period. Bank of America Corp DE grew its position in shares of Virtu Financial by 115.4% during the 1st quarter. Bank of America Corp DE now owns 672,405 shares of the company’s stock valued at $29,572,000 after purchasing an additional 360,288 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Virtu Financial by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 628,693 shares of the company’s stock valued at $27,650,000 after purchasing an additional 4,183 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.

About Virtu Financial

(Get Free Report)

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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Analyst Recommendations for Virtu Financial (NYSE:VIRT)

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