Zacks Research Estimates Virtu Financial FY2028 Earnings

Virtu Financial, Inc. (NASDAQ:VIRT) – Investment analysts at Zacks Research issued their FY2028 earnings per share estimates for shares of Virtu Financial in a research report issued on Thursday, February 12th. Zacks Research analyst Team forecasts that the financial services provider will post earnings per share of $4.20 for the year. The consensus estimate for Virtu Financial’s current full-year earnings is $3.13 per share.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.73. The business had revenue of $969.89 million for the quarter, compared to the consensus estimate of $513.51 million. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 EPS.

Several other analysts also recently issued reports on VIRT. Bank of America raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, October 28th. The Goldman Sachs Group raised their price objective on shares of Virtu Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Piper Sandler lifted their price objective on shares of Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Morgan Stanley upped their target price on shares of Virtu Financial from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.00.

Virtu Financial Trading Up 2.1%

NASDAQ VIRT opened at $38.38 on Monday. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.14 and a beta of 0.61. Virtu Financial has a 52 week low of $31.55 and a 52 week high of $45.77. The business has a 50 day moving average price of $35.69 and a 200-day moving average price of $36.45. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, February 27th. This represents a $0.96 annualized dividend and a yield of 2.5%. Virtu Financial’s payout ratio is 18.71%.

Insider Transactions at Virtu Financial

In other Virtu Financial news, EVP Stephen Cavoli sold 30,000 shares of Virtu Financial stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $37.61, for a total transaction of $1,128,300.00. Following the transaction, the executive vice president owned 174,561 shares of the company’s stock, valued at $6,565,239.21. This trade represents a 14.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 47.20% of the company’s stock.

Institutional Trading of Virtu Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Virtu Financial by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,999,628 shares of the financial services provider’s stock valued at $354,987,000 after purchasing an additional 142,890 shares during the period. Invesco Ltd. raised its position in Virtu Financial by 64.2% in the third quarter. Invesco Ltd. now owns 2,370,400 shares of the financial services provider’s stock worth $84,149,000 after acquiring an additional 926,376 shares during the period. Dimensional Fund Advisors LP boosted its stake in Virtu Financial by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,900,702 shares of the financial services provider’s stock valued at $63,338,000 after acquiring an additional 115,612 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Virtu Financial by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,395,686 shares of the financial services provider’s stock valued at $46,514,000 after acquiring an additional 14,113 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in shares of Virtu Financial by 53.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,367,583 shares of the financial services provider’s stock worth $48,549,000 after purchasing an additional 474,177 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.