Public Employees Retirement System of Ohio Takes Position in Virtu Financial, Inc. $VIRT

Public Employees Retirement System of Ohio bought a new stake in Virtu Financial, Inc. (NYSE:VIRT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,562 shares of the company's stock, valued at approximately $1,404,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Transamerica Financial Advisors LLC grew its stake in Virtu Financial by 480.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 836 shares of the company's stock valued at $28,000 after acquiring an additional 692 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Virtu Financial by 103.8% during the second quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company's stock worth $34,000 after purchasing an additional 387 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Virtu Financial by 51.9% during 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 during the period. Quarry LP bought a new position in shares of Virtu Financial in the 3rd quarter worth $35,000. Finally, International Assets Investment Management LLC bought a new position in shares of Virtu Financial in the 4th quarter worth $37,000. 45.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Joseph J. Grano, Jr. sold 8,400 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total transaction 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 Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $546,822.22. Following the transaction, the director owned 30,902 shares in the company, valued at approximately $1,858,137.26. This trade represents a 22.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 46.76% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings restated a "buy (b-)" rating on shares of Virtu Financial in a report on Wednesday, August 26th. Piper Sandler raised their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Virtu Financial from $51.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Finally, Zacks Research raised shares of Virtu Financial from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $58.80.

Virtu Financial Stock Up 0.2%

VIRT stock opened at $64.57 on Tuesday. The firm has a market capitalization of $10.02 billion, a PE ratio of 10.73, a P/E/G ratio of 0.43 and a beta of 0.62. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. Virtu Financial, Inc. has a twelve month low of $31.55 and a twelve month high of $68.76. The stock's 50 day moving average is $61.05 and its 200-day moving average is $53.18.

Virtu Financial (NYSE:VIRT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $1.82 earnings per share (EPS) for the quarter. The business had revenue of $984.69 million during the quarter. Virtu Financial had a return on equity of 49.06% and a net margin of 13.50%.Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Sell-side analysts expect that Virtu Financial, Inc. will post 6.38 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Virtu Financial's dividend payout ratio is presently 15.95%.

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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