GLOBALT Investments LLC GA Sells 10,346 Shares of Virtu Financial, Inc. $VIRT

GLOBALT Investments LLC GA reduced its holdings in Virtu Financial, Inc. (NYSE:VIRT) by 7.2% in the 4th quarter, Holdings Channel reports. The fund owned 133,850 shares of the company’s stock after selling 10,346 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Virtu Financial were worth $4,460,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Summit Global Investments bought a new position in Virtu Financial during the 3rd quarter worth approximately $1,109,000. Y Intercept Hong Kong Ltd raised its holdings in Virtu Financial by 59.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 90,206 shares of the company’s stock worth $3,202,000 after purchasing an additional 33,762 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in Virtu Financial by 114,887.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 26,447 shares of the company’s stock worth $939,000 after purchasing an additional 26,424 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in Virtu Financial by 32.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 275,978 shares of the company’s stock worth $9,797,000 after purchasing an additional 67,230 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co raised its holdings in Virtu Financial by 240.5% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 63,836 shares of the company’s stock worth $2,266,000 after purchasing an additional 45,087 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors.

Virtu Financial Stock Performance

NYSE VIRT opened at $54.57 on Monday. The company has a fifty day simple moving average of $46.55 and a 200 day simple moving average of $39.79. Virtu Financial, Inc. has a 12-month low of $31.55 and a 12-month high of $55.33. 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 $8.46 billion, a P/E ratio of 9.04, a PEG ratio of 1.38 and a beta of 0.62.

Virtu Financial (NYSE:VIRT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.58. The business had revenue of $786.53 million during the quarter, compared to the consensus estimate of $613.12 million. Virtu Financial had a net margin of 14.17% and a return on equity of 51.63%. Virtu Financial’s revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 EPS. Sell-side analysts predict that Virtu Financial, Inc. will post 5.53 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Virtu Financial’s payout ratio is currently 15.89%.

Analyst Ratings Changes

VIRT has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Virtu Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. Weiss Ratings upgraded shares of Virtu Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. raised their price target on shares of Virtu Financial from $44.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen upgraded Virtu Financial from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Piper Sandler raised their price objective on shares of Virtu Financial from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.67.

Key Headlines Impacting Virtu Financial

Here are the key news stories impacting Virtu Financial this week:

• Positive Sentiment: Zacks Research raised multiple earnings estimates for Virtu Financial, including FY2026, FY2027, and several quarterly periods, while keeping a Strong-Buy rating on the stock. Higher profit forecasts can boost investor confidence. Article Title
• Positive Sentiment: The company was featured in Zacks Focus List coverage as a top long-term idea, reinforcing the view that Virtu Financial may have durable earnings power and attractive fundamentals.
• Neutral Sentiment: Virtu Financial also rang the Nasdaq opening bell, which is a visibility/branding event rather than a direct operating catalyst. Article Title
• Neutral Sentiment: Recent commentary from GuruFocus suggested the stock may be overvalued after a sharp rally, which could temper enthusiasm, but it does not change the broader bullish analyst tone. Article Title

Insiders Place Their Bets

In other Virtu Financial news, EVP Stephen Cavoli sold 28,370 shares of Virtu Financial stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $38.94, for a total transaction of $1,104,727.80. Following the transaction, the executive vice president directly owned 116,191 shares of the company’s stock, valued at $4,524,477.54. The trade was a 19.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brett Fairclough sold 30,000 shares of Virtu Financial stock in a transaction on Friday, May 8th. The stock was sold at an average price of $50.06, for a total transaction of $1,501,800.00. Following the transaction, the chief operating officer directly owned 42,473 shares in the company, valued at $2,126,198.38. This represents a 41.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 258,370 shares of company stock valued at $10,382,528 in the last three months. 46.76% of the stock is currently owned by insiders.

About Virtu Financial

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.