Fifth Third Bancorp Has $1.55 Million Holdings in Virtu Financial, Inc. $VIRT

Fifth Third Bancorp increased its holdings in Virtu Financial, Inc. (NYSE:VIRT) by 1,017.7% during the first quarter, HoldingsChannel reports. The fund owned 35,242 shares of the company’s stock after acquiring an additional 32,089 shares during the quarter. Fifth Third Bancorp’s holdings in Virtu Financial were worth $1,550,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Virtu Financial by 64.2% during the 3rd quarter. Invesco Ltd. now owns 2,370,400 shares of the company’s stock worth $84,149,000 after purchasing an additional 926,376 shares in the last quarter. Millennium Management LLC raised its stake in shares of Virtu Financial by 290.3% in the fourth quarter. Millennium Management LLC now owns 1,132,346 shares of the company’s stock worth $37,730,000 after purchasing an additional 842,247 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Virtu Financial by 565.4% in the fourth quarter. Wellington Management Group LLP now owns 815,143 shares of the company’s stock valued at $27,161,000 after purchasing an additional 692,643 shares in the last quarter. Algebris UK Ltd. bought a new position in shares of Virtu Financial in the fourth quarter valued at approximately $22,377,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Virtu Financial during the third quarter valued at approximately $19,102,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Price Performance

VIRT opened at $59.62 on Friday. Virtu Financial, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $68.02. The firm has a 50-day moving average of $57.57 and a 200 day moving average of $47.77. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $9.25 billion, a P/E ratio of 9.87, a PEG ratio of 0.40 and a beta of 0.58.

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

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.24 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.96 annualized dividend and a yield of 1.6%. Virtu Financial’s dividend payout ratio is presently 15.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VIRT shares. Zacks Research lowered Virtu Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. The Goldman Sachs Group lifted their price objective on shares of Virtu Financial from $51.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. increased their target price on shares of Virtu Financial from $44.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley boosted their price target on shares of Virtu Financial from $39.00 to $57.00 and gave the stock an “underweight” rating in a report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Virtu Financial in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.17.

Insider Buying and Selling

In other Virtu Financial news, COO Brett Fairclough sold 30,000 shares of the 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 completion of the transaction, the chief operating officer directly owned 42,473 shares of the company’s stock, valued at approximately $2,126,198.38. This represents a 41.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 46.76% of the company’s stock.

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.