Zacks Research Weighs in on Virtu Financial Q2 Earnings

Key Points

• Zacks Research raised its Virtu Financial Q2 2028 EPS estimate to $1.31 from $1.30 and projected Q3 2028 EPS of $1.40 and FY2028 EPS of $5.48. Zacks maintained a “Hold” rating, while the current full-year consensus estimate is $6.38 per share.
• Analyst sentiment is broadly positive: JPMorgan upgraded Virtu to “Overweight” and raised its price target to $84, while Evercore also moved to “Outperform.” MarketBeat lists a “Moderate Buy” consensus rating and a $63.80 average target price.
• Virtu shares opened at $61.63, with a market capitalization of approximately $9.57 billion and a 1.6% dividend yield. Institutional investors own 45.78% of the stock, while two directors recently reported share sales.

Virtu Financial, Inc. (NYSE:VIRT - Free Report) - Equities research analysts at Zacks Research raised their Q2 2028 earnings per share estimates for Virtu Financial in a report released on Monday, October 5th. Zacks Research analyst Team now anticipates that the company will earn $1.31 per share for the quarter, up from their prior estimate of $1.30. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Virtu Financial's current full-year earnings is $6.38 per share. Zacks Research also issued estimates for Virtu Financial's Q3 2028 earnings at $1.40 EPS and FY2028 earnings at $5.48 EPS.

Virtu Financial (NYSE:VIRT - Get Free Report) last posted its earnings results on Tuesday, July 14th. The company reported $1.82 EPS for the quarter. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. The company had revenue of $984.69 million during the quarter. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS.

Other equities analysts also recently issued reports about the stock. Evercore raised shares of Virtu Financial to an "outperform" rating in a research report on Monday. JPMorgan Chase & Co. raised Virtu Financial from a "neutral" rating to an "overweight" rating and set a $84.00 price target for the company in a research report on Monday. The Goldman Sachs Group upped their price target on Virtu Financial from $51.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 30th. Piper Sandler reiterated an "overweight" rating on shares of Virtu Financial in a research note on Friday. Finally, Wall Street Zen lowered Virtu Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Virtu Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.80.

Virtu Financial Stock Down 2.0%

Virtu Financial stock opened at $61.63 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. Virtu Financial has a 1-year low of $31.55 and a 1-year high of $68.76. The firm's fifty day simple moving average is $59.68 and its 200-day simple moving average is $55.71. The company has a market capitalization of $9.57 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.46 and a beta of 0.65.

Institutional Investors Weigh In On Virtu Financial

Several hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. grew its stake in shares of Virtu Financial by 10.7% in the second quarter. QRG Capital Management Inc. now owns 25,377 shares of the company's stock worth $1,512,000 after acquiring an additional 2,460 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Virtu Financial during the 2nd quarter valued at $217,000. Tidal Investments LLC bought a new stake in Virtu Financial in the 2nd quarter valued at $1,792,000. Integrated Wealth Concepts LLC bought a new stake in Virtu Financial in the 2nd quarter valued at $285,000. Finally, Squarepoint Ops LLC grew its position in Virtu Financial by 68.1% in the 2nd quarter. Squarepoint Ops LLC now owns 14,222 shares of the company's stock worth $847,000 after purchasing an additional 5,762 shares during the last quarter. 45.78% of the stock is owned by institutional investors.

Insider Transactions at Virtu Financial

In other news, Director Joseph Grano, Jr. sold 8,400 shares of Virtu Financial stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $60.94, for a total value of $511,896.00. Following the transaction, the director directly owned 33,814 shares in the company, valued at approximately $2,060,625.16. The trade was a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Nixon sold 9,094 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $60.13, for a total value of $546,822.22. Following the transaction, the director directly owned 30,902 shares of the company's stock, valued at $1,858,137.26. This represents a 22.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 46.76% of the company's stock.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 1st. Virtu Financial's dividend payout ratio (DPR) is currently 15.95%.

More Virtu Financial News

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

• Positive Sentiment: JPMorgan upgraded Virtu Financial to “Overweight” from “Neutral” and raised its price target to $84 from $61. The new target implies approximately 36.3% upside from $61.63, making the upgrade the main positive catalyst for the stock’s recent strength. JPMorgan’s more optimistic view could attract investors who see further appreciation potential. JPMorgan Upgrades Virtu Financial to Overweight From Neutral, Adjusts PT to $84 From $61
• Positive Sentiment: Zacks Research modestly raised its Q4 2026 EPS forecast to $1.26 from $1.25. The revision indicates slightly improved earnings expectations, although it is too small to represent a major change in the company’s outlook.
• Positive Sentiment: Zacks also increased its Q2 2028 EPS estimate to $1.31 from $1.30 and its Q3 2028 estimate to $1.40 from $1.39. Its FY2028 forecast rose to $5.48 from $5.47, suggesting incremental confidence in Virtu’s longer-term earnings potential.
• Neutral Sentiment: Zacks maintained a “Hold” rating. The small estimate increases are supportive but largely offset by the unchanged rating. The current consensus forecast remains $6.38 EPS for the year, so investors may look for stronger revisions or upcoming results to validate JPMorgan’s more bullish stance.

Virtu Financial Company Profile

Virtu Financial, Inc is a global financial services company that provides liquidity and execution services to the financial markets. Through its market-making business, the company buys and sells securities across a range of asset classes, including equities, exchange-traded funds, options, fixed income, foreign exchange and commodities. Its activities help facilitate trading for investors and other market participants.

Virtu also provides institutional clients with technology, trading tools, analytics and workflow solutions through its execution services business.

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