Zacks Research Weighs in on Virtu Financial FY2028 Earnings

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

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

Virtu Financial Trading Up 2.1%

VIRT stock opened at $38.38 on Monday. Virtu Financial has a 12-month low of $31.55 and a 12-month high of $45.77. The business’s 50-day moving average is $35.76 and its 200 day moving average is $36.41. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.14 and a beta of 0.61.

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

Virtu Financial Announces Dividend

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

Insider Buying and Selling

In related news, EVP Stephen Cavoli sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $37.61, for a total transaction of $1,128,300.00. Following the completion of the sale, the executive vice president directly owned 174,561 shares of the company’s stock, valued at approximately $6,565,239.21. This trade represents a 14.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 47.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its stake in shares of Virtu Financial by 195.5% in the fourth quarter. Squarepoint Ops LLC now owns 533,323 shares of the financial services provider’s stock valued at $17,770,000 after purchasing an additional 352,829 shares during the period. MML Investors Services LLC increased its stake in Virtu Financial by 42.9% during the 4th quarter. MML Investors Services LLC now owns 51,295 shares of the financial services provider’s stock worth $1,709,000 after buying an additional 15,391 shares during the period. Focus Partners Wealth lifted its holdings in Virtu Financial by 3.2% during the 4th quarter. Focus Partners Wealth now owns 886,931 shares of the financial services provider’s stock worth $31,400,000 after buying an additional 27,916 shares in the last quarter. Entropy Technologies LP boosted its position in Virtu Financial by 151.8% in the 4th quarter. Entropy Technologies LP now owns 30,146 shares of the financial services provider’s stock valued at $1,004,000 after buying an additional 18,175 shares during the period. Finally, Barclays PLC grew its stake in shares of Virtu Financial by 73.6% in the fourth quarter. Barclays PLC now owns 297,563 shares of the financial services provider’s stock worth $9,915,000 after acquiring an additional 126,173 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

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.