Zacks Research Forecasts Virtu Financial FY2028 Earnings

Virtu Financial, Inc. (NASDAQ:VIRT) – Zacks Research issued their FY2028 earnings estimates for shares of Virtu Financial in a research report issued on Thursday, February 12th. Zacks Research analyst Team expects that the financial services provider will earn $4.20 per share for the year. The consensus estimate for Virtu Financial’s current full-year earnings is $3.13 per share.

Other equities analysts also recently issued reports about the company. Piper Sandler increased their target price on Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Morgan Stanley raised their price objective on shares of Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a report on Thursday, January 22nd. Bank of America upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group upped their price target on shares of Virtu Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.00.

Virtu Financial Trading Up 2.1%

NASDAQ VIRT opened at $38.38 on Monday. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. Virtu Financial has a twelve month low of $31.55 and a twelve month high of $45.77. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average is $35.69 and its 200 day moving average is $36.45.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Thursday, January 29th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.73. The firm had revenue of $969.89 million for the quarter, compared to analyst estimates of $513.51 million. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, February 27th. This represents a $0.96 annualized dividend and a yield of 2.5%. Virtu Financial’s dividend payout ratio (DPR) is presently 18.71%.

Insider Activity

In other news, EVP Stephen Cavoli sold 30,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $37.61, for a total value of $1,128,300.00. Following the sale, the executive vice president directly owned 174,561 shares of the company’s stock, valued at approximately $6,565,239.21. This represents a 14.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 47.20% of the company’s stock.

Hedge Funds Weigh In On Virtu Financial

Several hedge funds and other institutional investors have recently bought and sold shares of VIRT. Kestra Advisory Services LLC raised its position in shares of Virtu Financial by 31.9% in the 4th quarter. Kestra Advisory Services LLC now owns 11,125 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 2,689 shares in the last quarter. Transamerica Financial Advisors LLC grew its stake in Virtu Financial by 480.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 836 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 692 shares during the period. Marshall Wace LLP lifted its stake in Virtu Financial by 1,491.1% in the fourth quarter. Marshall Wace LLP now owns 95,815 shares of the financial services provider’s stock valued at $3,193,000 after buying an additional 89,793 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Virtu Financial by 4.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 18,518 shares of the financial services provider’s stock valued at $617,000 after buying an additional 750 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Virtu Financial by 5.3% during the 4th quarter. Stifel Financial Corp now owns 154,586 shares of the financial services provider’s stock worth $5,151,000 after buying an additional 7,812 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.