Virtu Financial (NYSE:VIRT) Given New $59.00 Price Target at JPMorgan Chase & Co.

Virtu Financial (NYSE:VIRT) had its target price boosted by research analysts at JPMorgan Chase & Co. from $51.00 to $59.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 0.68% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Piper Sandler lifted their price target on 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 reiterated a “buy (b-)” rating on shares of Virtu Financial in a research report on Friday, May 29th. Zacks Research cut Virtu Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen raised Virtu Financial from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, The Goldman Sachs Group boosted their target price on Virtu Financial from $51.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Virtu Financial presently has an average rating of “Hold” and an average target price of $56.50.

Virtu Financial Price Performance

Shares of Virtu Financial stock traded down $0.25 on Tuesday, hitting $58.60. 68,577 shares of the company traded hands, compared to its average volume of 1,265,972. Virtu Financial has a 12-month low of $31.55 and a 12-month high of $68.02. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.92. The company has a market cap of $9.09 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.40 and a beta of 0.58. The firm’s 50-day simple moving average is $57.75 and its 200 day simple moving average is $48.14.

Virtu Financial (NYSE:VIRT) last announced its earnings results on Tuesday, July 14th. The company reported $1.82 earnings per share (EPS) for the quarter. The company had revenue of $718.00 million during the quarter. Virtu Financial had a net margin of 14.17% and a return on equity of 51.63%. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Analysts expect that Virtu Financial will post 6.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Virtu Financial news, COO Brett Fairclough sold 30,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $50.06, for a total transaction of $1,501,800.00. Following the completion of the sale, the chief operating officer owned 42,473 shares of the company’s stock, valued at $2,126,198.38. This represents a 41.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 46.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Virtu Financial

A number of hedge funds have recently modified their holdings of VIRT. GAMMA Investing LLC raised its stake in shares of Virtu Financial by 4.3% during the second quarter. GAMMA Investing LLC now owns 6,310 shares of the company’s stock valued at $376,000 after acquiring an additional 259 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Virtu Financial by 2.2% in the fourth quarter. NewEdge Advisors LLC now owns 12,939 shares of the company’s stock worth $431,000 after purchasing an additional 275 shares during the last quarter. Optimist Retirement Group LLC increased its holdings in Virtu Financial by 3.5% during the 4th quarter. Optimist Retirement Group LLC now owns 8,277 shares of the company’s stock valued at $276,000 after purchasing an additional 279 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Virtu Financial by 18.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,868 shares of the company’s stock valued at $62,000 after purchasing an additional 291 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Virtu Financial by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,237 shares of the company’s stock valued at $608,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors 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.