Virtu Financial (NYSE:VIRT) Director Joseph Grano Jr Sells 8,400 Shares of Stock

Key Points

• Director Joseph Grano Jr. sold 8,400 Virtu Financial shares at an average price of $60.94, generating $511,896 and reducing his position by 19.9%.
• Virtu Financial shares rose 1.9% to $61.09, while the company reported quarterly EPS of $1.82 on $984.69 million in revenue.
• The company declared a quarterly dividend of $0.24 per share, equivalent to $0.96 annually and a 1.6% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $58.80.

Virtu Financial, Inc. (NYSE:VIRT - Get Free Report) Director Joseph Grano, Jr. sold 8,400 shares of the company's stock in a transaction 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 sale, the director owned 33,814 shares of the company's stock, valued at $2,060,625.16. This trade represents a 19.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Virtu Financial Stock Up 1.9%

NYSE:VIRT traded up $1.11 during trading hours on Thursday, hitting $61.09. 5,152,633 shares of the company traded hands, compared to its average volume of 1,297,594. 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 company has a market cap of $9.48 billion, a PE ratio of 10.15, a PEG ratio of 0.41 and a beta of 0.60. The firm's 50-day simple moving average is $59.77 and its 200-day simple moving average is $50.77. Virtu Financial, Inc. has a one year low of $31.55 and a one year high of $68.02.

Virtu Financial (NYSE:VIRT - Get Free Report) last posted its earnings results on Tuesday, July 14th. The company reported $1.82 earnings per share (EPS) for the quarter. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. 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. Equities analysts predict that Virtu Financial, Inc. will post 6.33 earnings per share for the current year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 annualized dividend and a dividend yield of 1.6%. Virtu Financial's dividend payout ratio (DPR) is currently 15.95%.

Hedge Funds Weigh In On Virtu Financial

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Virtu Financial by 4.3% in the second quarter. GAMMA Investing LLC now owns 6,310 shares of the company's stock worth $376,000 after buying an additional 259 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Virtu Financial by 2.2% during the 4th quarter. NewEdge Advisors LLC now owns 12,939 shares of the company's stock worth $431,000 after acquiring an additional 275 shares during the period. Optimist Retirement Group LLC grew its stake in shares of Virtu Financial by 3.5% during the 4th quarter. Optimist Retirement Group LLC now owns 8,277 shares of the company's stock worth $276,000 after acquiring an additional 279 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Virtu Financial by 18.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,868 shares of the company's stock worth $62,000 after acquiring an additional 291 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Virtu Financial by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,237 shares of the company's stock valued at $608,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 45.78% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on VIRT shares. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research cut Virtu Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Morgan Stanley upped their price objective on 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. raised their target price on Virtu Financial from $51.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, July 28th. Finally, Piper Sandler boosted their price target on shares of Virtu Financial from $61.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Virtu Financial presently has a consensus rating of "Hold" and a consensus 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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