Insider Selling: Virtu Financial (NYSE:VIRT) Director Sells 9,094 Shares of Stock

Virtu Financial, Inc. (NYSE:VIRT) Director John Nixon sold 9,094 shares of Virtu Financial stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $60.13, for a total transaction of $546,822.22. Following the sale, the director owned 30,902 shares in the company, valued at $1,858,137.26. This represents a 22.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Virtu Financial Stock Up 2.5%

Shares of Virtu Financial stock traded up $1.52 during trading hours on Tuesday, hitting $61.02. 2,355,617 shares of the company’s stock traded hands, compared to its average volume of 1,263,498. Virtu Financial, Inc. has a twelve month low of $31.55 and a twelve month high of $68.02. The company has a market cap of $9.47 billion, a PE ratio of 10.14, a PEG ratio of 0.41 and a beta of 0.60. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $59.56 and a 200-day simple moving average of $50.47.

Virtu Financial (NYSE:VIRT) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.82 earnings per share for the quarter. Virtu Financial had a return on equity of 49.06% and a net margin of 13.50%.The firm had revenue of $984.69 million during the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Equities research analysts anticipate that Virtu Financial, Inc. will post 6.33 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

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

Hedge Funds Weigh In On Virtu Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. increased its position in Virtu Financial by 64.2% in the third quarter. Invesco Ltd. now owns 2,370,400 shares of the company’s stock worth $84,149,000 after buying an additional 926,376 shares during the period. Millennium Management LLC boosted its holdings in shares of Virtu Financial by 290.3% during the fourth quarter. Millennium Management LLC now owns 1,132,346 shares of the company’s stock valued at $37,730,000 after acquiring an additional 842,247 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Virtu Financial by 565.4% during the fourth quarter. Wellington Management Group LLP now owns 815,143 shares of the company’s stock valued at $27,161,000 after acquiring an additional 692,643 shares during the period. Algebris UK Ltd. bought a new position in shares of Virtu Financial during the fourth quarter worth about $22,377,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Virtu Financial by 41.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company’s stock worth $85,607,000 after acquiring an additional 569,057 shares during the period. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.