Analysts Set Virtu Financial, Inc. (NYSE:VIRT) Target Price at $58.80

Shares of Virtu Financial, Inc. (NYSE:VIRT) have received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $58.80.

A number of equities analysts have issued reports on VIRT shares. The Goldman Sachs Group increased their price target on Virtu Financial from $51.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Piper Sandler boosted their price objective 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 restated a “buy (b-)” rating on shares of Virtu Financial in a report on Wednesday, August 26th. Morgan Stanley raised their target price on Virtu Financial from $39.00 to $57.00 and gave the company an “underweight” rating in a research note on Friday, July 10th. Finally, Wall Street Zen lowered Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Insider Activity

In other news, Director John Nixon sold 9,094 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $60.13, for a total transaction of $546,822.22. Following the completion of the transaction, the director owned 30,902 shares in the company, valued at approximately $1,858,137.26. This trade represents a 22.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph Grano, Jr. sold 8,400 shares of Virtu Financial stock in a transaction that occurred on 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 transaction, the director directly owned 33,814 shares in the company, valued at $2,060,625.16. This represents a 19.90% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 46.76% of the company’s stock.

Institutional Investors Weigh In On Virtu Financial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP lifted its stake in Virtu Financial by 108.9% during the second quarter. Corient Private Wealth LP now owns 12,308 shares of the company’s stock valued at $733,000 after buying an additional 6,415 shares in the last quarter. Wellington Grp LLC increased its stake in shares of Virtu Financial by 34.1% in the second quarter. Wellington Grp LLC now owns 16,466 shares of the company’s stock worth $981,000 after acquiring an additional 4,185 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Virtu Financial during the second quarter worth $1,001,000. California State Teachers Retirement System boosted its position in Virtu Financial by 5,841.5% during the second quarter. California State Teachers Retirement System now owns 5,676,842 shares of the company’s stock valued at $338,169,000 after purchasing an additional 5,581,297 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Virtu Financial during the second quarter valued at $379,000. 45.78% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Trading Up 0.2%

Shares of NYSE VIRT opened at $64.57 on Tuesday. Virtu Financial has a 12-month low of $31.55 and a 12-month high of $68.76. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.43 and a beta of 0.62. 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 stock’s 50 day simple moving average is $61.05 and its 200 day simple moving average is $53.18.

Virtu Financial (NYSE:VIRT) last posted its earnings results on Tuesday, July 14th. The company reported $1.82 EPS for the quarter. The firm had revenue of $984.69 million during the quarter. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Equities research analysts expect that Virtu Financial will post 6.38 EPS for the current year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Virtu Financial’s dividend payout ratio is presently 15.95%.

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.