Bank of America Corp DE Purchases 360,288 Shares of Virtu Financial, Inc. $VIRT

Key Points

• Bank of America more than doubled its Virtu Financial stake in the first quarter, purchasing 360,288 additional shares to own 672,405 shares valued at approximately $29.6 million. Institutional investors collectively own 45.78% of VIRT.
• Analysts remain mixed, with Virtu holding a consensus “Hold” rating and an average price target of $58.80. Recent targets range from $57 to $70, while ratings include three Buys, three Holds and one Sell.
• Virtu reported quarterly earnings of $1.82 per share on $984.69 million in revenue and declared a quarterly dividend of $0.24 per share, representing a $0.96 annualized payout and a 1.6% yield.

Bank of America Corp DE raised its position in Virtu Financial, Inc. (NYSE:VIRT - Free Report) by 115.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 672,405 shares of the company's stock after purchasing an additional 360,288 shares during the period. Bank of America Corp DE owned 0.43% of Virtu Financial worth $29,572,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of VIRT. NewEdge Advisors LLC lifted its stake in shares of Virtu Financial by 2.2% in the 4th quarter. NewEdge Advisors LLC now owns 12,939 shares of the company's stock valued at $431,000 after purchasing an additional 275 shares during the period. Optimist Retirement Group LLC grew its stake in Virtu Financial by 3.5% during the fourth quarter. Optimist Retirement Group LLC now owns 8,277 shares of the company's stock worth $276,000 after purchasing an additional 279 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Virtu Financial by 18.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,868 shares of the company's stock worth $62,000 after purchasing an additional 291 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Virtu Financial by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,237 shares of the company's stock worth $608,000 after purchasing an additional 300 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Virtu Financial by 51.9% in the third quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company's stock worth $35,000 after purchasing an additional 332 shares in the last quarter. 45.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VIRT has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Virtu Financial from $51.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, June 30th. Morgan Stanley lifted their price objective on shares of Virtu Financial from $39.00 to $57.00 and gave the company an "underweight" rating in a research note on Friday, July 10th. JPMorgan Chase & Co. increased their target price on shares of Virtu Financial from $51.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. Wall Street Zen cut shares of Virtu Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Piper Sandler lifted their price target on shares of Virtu Financial from $61.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $58.80.

Virtu Financial Stock Performance

Shares of VIRT stock opened at $59.95 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $59.42 and a two-hundred day simple moving average of $50.22. Virtu Financial, Inc. has a 12 month low of $31.55 and a 12 month high of $68.02. The firm has a market capitalization of $9.30 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 0.41 and a beta of 0.60.

Virtu Financial (NYSE:VIRT - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The company reported $1.82 earnings per share for the quarter. The firm had revenue of $984.69 million for the quarter. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Analysts forecast that Virtu Financial, Inc. will post 6.33 EPS for the current fiscal year.

Virtu Financial Announces Dividend

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

Virtu Financial Company Profile

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.

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