Virtu Financial (NYSE:VIRT) Director Joseph Grano, Jr. Sells 8,400 Shares of Stock

Virtu Financial, Inc. (NYSE:VIRT) Director Joseph Grano, Jr. sold 8,400 shares of Virtu Financial stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $60.94, for a total transaction of $511,896.00. Following the completion of the sale, the director directly owned 33,814 shares in the company, valued at approximately $2,060,625.16. This represents a 19.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Virtu Financial Stock Up 1.9%

Virtu Financial stock opened at $61.09 on Friday. Virtu Financial, Inc. has a 1-year low of $31.55 and a 1-year high of $68.02. The firm has a 50 day simple moving average of $59.89 and a 200 day simple moving average of $50.90. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 0.41 and a beta of 0.60.

Virtu Financial (NYSE:VIRT) last posted 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 company had revenue of $984.69 million during the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. On average, analysts predict that Virtu Financial, Inc. will post 6.33 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Virtu Financial’s dividend payout ratio is 15.95%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VIRT. JPMorgan Chase & Co. increased their price objective on Virtu Financial from $51.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Wall Street Zen cut Virtu Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research downgraded Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. The Goldman Sachs Group upped their target price on shares of Virtu Financial from $51.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley raised their price objective on Virtu Financial from $39.00 to $57.00 and gave the stock an “underweight” rating in a research note on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $58.80.

Hedge Funds Weigh In On Virtu Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Transamerica Financial Advisors LLC lifted its position in shares of Virtu Financial by 480.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 836 shares of the company’s stock valued at $28,000 after acquiring an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Virtu Financial by 103.8% in the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after buying an additional 387 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Virtu Financial by 51.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock valued at $35,000 after buying an additional 332 shares during the period. Quarry LP acquired a new stake in Virtu Financial during the 3rd quarter worth approximately $35,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Virtu Financial during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

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.