California State Teachers Retirement System Buys 19,217 Shares of Virtu Financial, Inc. $VIRT

Key Points

• California State Teachers Retirement System increased its Virtu Financial stake by 25.2%, purchasing 19,217 additional shares to hold 95,545 shares valued at approximately $4.2 million.
• Other institutional investors also expanded their positions, including Invesco, Millennium Management, Wellington Management and Allspring; institutions collectively own 45.78% of Virtu Financial.
• Virtu reported quarterly EPS of $1.82 and revenue of $984.69 million, while declaring a quarterly dividend of $0.24 per share. Analysts maintain a consensus “Hold” rating with an average price target of $58.80.

California State Teachers Retirement System grew its stake in shares of Virtu Financial, Inc. (NYSE:VIRT - Free Report) by 25.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,545 shares of the company's stock after acquiring an additional 19,217 shares during the quarter. California State Teachers Retirement System owned about 0.06% of Virtu Financial worth $4,202,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Invesco Ltd. increased its stake in Virtu Financial by 64.2% during the 3rd quarter. Invesco Ltd. now owns 2,370,400 shares of the company's stock valued at $84,149,000 after purchasing an additional 926,376 shares in the last quarter. Millennium Management LLC lifted its position in Virtu Financial by 290.3% in the 4th quarter. Millennium Management LLC now owns 1,132,346 shares of the company's stock valued at $37,730,000 after acquiring an additional 842,247 shares in the last quarter. Wellington Management Group LLP lifted its position in Virtu Financial by 565.4% in the 4th quarter. Wellington Management Group LLP now owns 815,143 shares of the company's stock valued at $27,161,000 after acquiring an additional 692,643 shares in the last quarter. Algebris UK Ltd. purchased a new stake in Virtu Financial during the 4th quarter valued at $22,377,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Virtu Financial by 41.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company's stock worth $85,607,000 after purchasing an additional 569,057 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company's stock.

Virtu Financial Price Performance

Shares of NYSE:VIRT opened at $55.83 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $8.66 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.38 and a beta of 0.60. The firm's 50 day moving average price is $58.83 and its 200-day moving average price is $49.52. Virtu Financial, Inc. has a twelve month low of $31.55 and a twelve month high of $68.02.

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

Virtu Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Virtu Financial's payout ratio is currently 15.95%.

Wall Street Analysts Forecast Growth

VIRT has been the subject of several recent analyst reports. 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 note on Tuesday, July 28th. Zacks Research cut shares of Virtu Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Virtu Financial in a report on Friday, May 29th. Wall Street Zen lowered shares of Virtu Financial from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, The Goldman Sachs Group boosted their price objective on shares of Virtu Financial from $51.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $58.80.

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.

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