Zacks Research Lowers Earnings Estimates for Virtu Financial

Virtu Financial, Inc. (NYSE:VIRT) – Equities researchers at Zacks Research cut their Q3 2028 earnings estimates for Virtu Financial in a report issued on Friday, September 25th. Zacks Research analyst Team now forecasts that the company will earn $1.39 per share for the quarter, down from their previous estimate of $1.40. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Virtu Financial’s current full-year earnings is $6.38 per share.

Several other research firms also recently issued reports on VIRT. 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 note on Tuesday, June 30th. JPMorgan Chase & Co. raised their price target 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. Piper Sandler boosted their price objective on shares of Virtu Financial from $61.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Virtu Financial in a report on Wednesday, August 26th. Finally, Morgan Stanley lifted their target price on Virtu Financial from $39.00 to $57.00 and gave the stock an “underweight” rating in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.80.

Virtu Financial Price Performance

Shares of VIRT opened at $55.58 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. The stock has a market cap of $8.63 billion, a PE ratio of 9.23, a PEG 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 business has a 50-day simple moving average of $59.57 and a two-hundred day simple moving average of $55.25.

Virtu Financial (NYSE:VIRT) last released its quarterly earnings data on Tuesday, July 14th. The company reported $1.82 earnings per share for the quarter. The company had revenue of $984.69 million for 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.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.96 annualized dividend and a yield of 1.7%. Virtu Financial’s payout ratio is 15.95%.

Insider Activity at Virtu Financial

In other news, Director Joseph J. Grano, Jr. sold 8,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total transaction of $511,896.00. Following the completion of the sale, the director owned 33,814 shares of the company’s stock, valued at $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 is available through this link. Also, Director John Nixon sold 9,094 shares of the business’s stock in a transaction 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 transaction, the director owned 30,902 shares in the company, valued at $1,858,137.26. The trade was a 22.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 46.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Virtu Financial

A number of large investors have recently bought and sold shares of VIRT. C M Bidwell & Associates Ltd. acquired a new position in shares of Virtu Financial during the second quarter valued at about $88,000. Assetmark Inc. grew its stake in shares of Virtu Financial by 172.7% in the 1st quarter. Assetmark Inc. now owns 1,688 shares of the company’s stock valued at $74,000 after buying an additional 1,069 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Virtu Financial by 24.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,224 shares of the company’s stock valued at $98,000 after buying an additional 437 shares during the period. EverSource Wealth Advisors LLC increased its position in Virtu Financial by 246.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,593 shares of the company’s stock valued at $114,000 after buying an additional 1,845 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in Virtu Financial by 20.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,663 shares of the company’s stock valued at $89,000 after buying an additional 457 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

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.