Zacks Research Forecasts Virtu Financial FY2028 Earnings

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

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

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

Virtu Financial Trading Up 1.8%

Shares of Virtu Financial stock opened at $39.02 on Monday. The company’s fifty day simple moving average is $35.82 and its 200-day simple moving average is $36.38. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.14 and a beta of 0.61. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial has a 1 year low of $31.55 and a 1 year high of $45.77.

Hedge Funds Weigh In On Virtu Financial

Several hedge funds and other institutional investors have recently modified their holdings of VIRT. Guggenheim Capital LLC acquired a new stake in Virtu Financial in the 4th quarter valued at $523,000. PDT Partners LLC bought a new position in shares of Virtu Financial during the fourth quarter valued at $1,027,000. Cetera Investment Advisers boosted its stake in shares of Virtu Financial by 12.7% in the 4th quarter. Cetera Investment Advisers now owns 50,388 shares of the financial services provider’s stock valued at $1,679,000 after purchasing an additional 5,665 shares in the last quarter. Jain Global LLC bought a new stake in shares of Virtu Financial in the 4th quarter worth about $7,263,000. Finally, Hilltop Holdings Inc. bought a new stake in shares of Virtu Financial in the 4th quarter worth about $635,000. Institutional investors own 45.78% of the company’s stock.

Insider Buying and Selling

In other Virtu Financial news, EVP Stephen Cavoli sold 30,000 shares of Virtu Financial stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $37.61, for a total transaction 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. The trade was a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 47.20% of the stock is currently owned by corporate insiders.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, February 27th. Virtu Financial’s dividend payout ratio is 18.71%.

About Virtu Financial

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.