Tidal Investments LLC Acquires New Position in Virtu Financial, Inc. $VIRT

Key Points

• Tidal Investments acquired a new 30,083-share position in Virtu Financial during the second quarter, valued at approximately $1.79 million. Institutional investors and hedge funds collectively own 45.78% of the company.
• Virtu Financial reported quarterly EPS of $1.82 on $984.69 million in revenue, while maintaining a quarterly dividend of $0.24 per share, equivalent to a 1.7% yield.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $58.80, although two directors recently sold a combined 17,494 shares.

Tidal Investments LLC bought a new position in shares of Virtu Financial, Inc. (NYSE:VIRT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,083 shares of the company's stock, valued at approximately $1,792,000.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Virtu Financial by 2,273.1% in the fourth quarter. Larson Financial Group LLC now owns 1,234 shares of the company's stock worth $41,000 after acquiring an additional 1,182 shares in the last quarter. Assetmark Inc. raised its stake in shares of Virtu Financial by 172.7% in the first quarter. Assetmark Inc. now owns 1,688 shares of the company's stock valued at $74,000 after acquiring an additional 1,069 shares in the last quarter. Allworth Financial LP boosted its holdings in Virtu Financial by 33.7% in the fourth quarter. Allworth Financial LP now owns 2,426 shares of the company's stock valued at $81,000 after purchasing an additional 611 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in Virtu Financial in the second quarter valued at $88,000. Finally, Global Retirement Partners LLC grew its stake in Virtu Financial by 20.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,663 shares of the company's stock worth $89,000 after purchasing an additional 457 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Virtu Financial Stock Up 0.2%

Virtu Financial stock opened at $57.35 on Friday. Virtu Financial, Inc. has a 1-year low of $31.55 and a 1-year high of $68.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market cap of $8.90 billion, a PE ratio of 9.53, a P/E/G ratio of 0.38 and a beta of 0.62. The stock's fifty day moving average is $60.62 and its two-hundred day moving average is $54.29.

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. Virtu Financial had a return on equity of 49.06% and a net margin of 13.50%.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. On average, sell-side analysts expect that Virtu Financial, Inc. will post 6.38 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.96 annualized dividend and a yield of 1.7%. Virtu Financial's payout ratio is presently 15.95%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley upped their price target on Virtu Financial from $39.00 to $57.00 and gave the stock an "underweight" rating in a report on Friday, July 10th. Zacks Research raised Virtu Financial from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. boosted their price objective on Virtu Financial from $51.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. The Goldman Sachs Group upped their target price on shares of Virtu Financial from $51.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Virtu Financial in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.80.

Insider Buying and Selling

In related news, Director Joseph Grano, Jr. sold 8,400 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $60.94, for a total value of $511,896.00. Following the completion of the transaction, the director directly owned 33,814 shares of the company's stock, valued at $2,060,625.16. This represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Nixon sold 9,094 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $60.13, for a total transaction of $546,822.22. Following the completion of the transaction, the director owned 30,902 shares in the company, valued at $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. Corporate insiders own 46.76% of the company's stock.

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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