16,800 Shares in Virtu Financial, Inc. $VIRT Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems purchased 16,800 Virtu Financial shares worth approximately $1.0 million in the second quarter. Institutional investors collectively own 45.78% of the company.
• Virtu directors Joseph Grano Jr. and John Nixon sold a combined 17,494 shares in August, reducing their respective holdings by 19.90% and 22.74%.
• Analyst sentiment remains positive, with Virtu carrying a consensus “Moderate Buy” rating and an average price target of $58.80; the stock recently traded at about $61.00.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Virtu Financial, Inc. (NYSE:VIRT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,800 shares of the company's stock, valued at approximately $1,001,000.

A number of other large investors also recently modified their holdings of VIRT. Jones Financial Companies Lllp grew its holdings in shares of Virtu Financial by 1,624.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the company's stock worth $38,000 after purchasing an additional 942 shares during the period. United Services Automobile Association purchased a new stake in Virtu Financial during the first quarter worth approximately $222,000. Empowered Funds LLC purchased a new stake in Virtu Financial during the first quarter worth approximately $1,934,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Virtu Financial by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,233 shares of the company's stock worth $8,624,000 after acquiring an additional 26,743 shares in the last quarter. Finally, Creative Planning purchased a new position in shares of Virtu Financial in the 2nd quarter valued at $235,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Joseph Grano, Jr. sold 8,400 shares of Virtu Financial stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total value of $511,896.00. Following the completion of the sale, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Nixon sold 9,094 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $60.13, for a total transaction of $546,822.22. Following the transaction, the director directly owned 30,902 shares of the company's stock, valued at approximately $1,858,137.26. This represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 46.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Virtu Financial from $51.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 30th. Morgan Stanley upped their target price on 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. boosted their price target on Virtu Financial from $51.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. Zacks Research raised shares of Virtu Financial from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Virtu Financial in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Virtu Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.80.

Virtu Financial Trading Up 0.2%

NYSE:VIRT opened at $61.00 on Monday. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.41 and a beta of 0.62. Virtu Financial, Inc. has a one year low of $31.55 and a one year high of $68.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.45 and a current ratio of 0.45. The business's 50-day simple moving average is $61.12 and its 200 day simple moving average is $53.81.

Virtu Financial (NYSE:VIRT - Get Free Report) 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. As a group, sell-side analysts predict that Virtu Financial, Inc. will post 6.38 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

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%.

Virtu Financial Profile

Virtu Financial, Inc is a global financial services company that provides liquidity and execution services across the financial markets. Through its market-making operations, the company quotes buy and sell prices and facilitates trading in a range of securities, including equities, exchange-traded funds, options, futures, foreign exchange and fixed-income products.

Virtu also provides technology-enabled execution and workflow solutions to institutions, brokers, and other market participants.

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