Allspring Global Investments Holdings LLC boosted its holdings in shares of Virtu Financial, Inc. (NYSE:VIRT – Free Report) by 41.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,928,509 shares of the company’s stock after purchasing an additional 569,057 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.25% of Virtu Financial worth $85,607,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Algebris UK Ltd. bought a new stake in shares of Virtu Financial in the fourth quarter worth about $22,377,000. Stephens Investment Management Group LLC boosted its stake in Virtu Financial by 27.5% during the first quarter. Stephens Investment Management Group LLC now owns 516,366 shares of the company’s stock valued at $22,710,000 after buying an additional 111,437 shares during the last quarter. Robertson Stephens Wealth Management LLC purchased a new position in Virtu Financial during the 4th quarter valued at approximately $2,489,000. Collar Capital Management LLC bought a new stake in Virtu Financial in the 4th quarter worth approximately $1,798,000. Finally, SG Americas Securities LLC increased its stake in Virtu Financial by 216.8% in the 4th quarter. SG Americas Securities LLC now owns 196,488 shares of the company’s stock worth $6,547,000 after acquiring an additional 134,462 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Virtu Financial
In other Virtu Financial news, COO Brett Fairclough sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $50.06, for a total value of $1,501,800.00. Following the completion of the transaction, the chief operating officer directly owned 42,473 shares of the company’s stock, valued at approximately $2,126,198.38. The trade was a 41.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 46.76% of the company’s stock.
Virtu Financial Stock Performance
Virtu Financial (NYSE:VIRT – Get Free Report) last posted its earnings results on Tuesday, July 14th. The company reported $1.82 earnings per share (EPS) for the quarter. Virtu Financial had a net margin of 14.17% and a return on equity of 51.63%. The company had revenue of $718.00 million during the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. As a group, research analysts expect that Virtu Financial, Inc. will post 6.26 earnings per share for the current year.
Virtu Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 1st. Virtu Financial’s dividend payout ratio (DPR) is currently 15.89%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Virtu Financial from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. lifted their target price on Virtu Financial from $44.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Piper Sandler boosted their target price on Virtu Financial from $61.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Research lowered shares of Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Virtu Financial currently has an average rating of “Hold” and a consensus price target of $55.17.
Check Out Our Latest Research Report on Virtu Financial
Virtu Financial Company Profile
Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.
The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.
Recommended Stories
- Five stocks we like better than Virtu Financial
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. (NYSE:VIRT – Free Report).
Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.
