Virtu Financial, Inc., together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities. Its Execution Services segment comprises agency-based trading and trading venues, which offer execution services in equities, ETFs, futures, and fixed income to institutions, banks, and broker dealers. Virtu Financial, Inc. was founded in 2008 and is headquartered in New York, New York. Virtu Financial, Inc. was formerly a subsidiary of TJMT Holdings LLC.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Security brokers & dealers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:VIRT
Previous Symbol
CUSIPN/A
Phone212-418-0100
Debt
Debt-to-Equity Ratio0.65
Current Ratio0.60
Quick Ratio0.60
Price-To-Earnings
Trailing P/E Ratio44.84
Forward P/E Ratio18.13
P/E Growth3.63
Sales & Book Value
Annual Sales$1.02 billion
Price / Sales4.72
Cash Flow$0.9138 per share
Price / Cash Flow27.97
Book Value$6.15 per share
Price / Book4.16
Profitability
EPS (Most Recent Fiscal Year)$0.57
Net Income$2.93 million
Net Margins12.32%
Return on Equity19.85%
Return on Assets3.66%
Miscellaneous
Employees560
Outstanding Shares189,240,000
Market Cap$4.84 billion
OptionableOptionable
Virtu Financial (NASDAQ:VIRT) Frequently Asked Questions
What is Virtu Financial's stock symbol?
Virtu Financial trades on the NASDAQ under the ticker symbol "VIRT."
How often does Virtu Financial pay dividends? What is the dividend yield for Virtu Financial?
Virtu Financial declared a quarterly dividend on Thursday, November 8th. Investors of record on Friday, November 30th will be paid a dividend of $0.24 per share on Friday, December 14th. This represents a $0.96 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, November 29th. View Virtu Financial's Dividend History.
How will Virtu Financial's stock buyback program work?
Virtu Financial declared that its board has initiated a share buyback program on Thursday, February 8th 2018, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.
How were Virtu Financial's earnings last quarter?
Virtu Financial Inc (NASDAQ:VIRT) released its quarterly earnings data on Wednesday, November, 7th. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The financial services provider earned $177.92 million during the quarter, compared to analyst estimates of $171.99 million. Virtu Financial had a net margin of 12.32% and a return on equity of 19.85%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. View Virtu Financial's Earnings History.
When is Virtu Financial's next earnings date?
What price target have analysts set for VIRT?
10 equities research analysts have issued 12 month target prices for Virtu Financial's shares. Their forecasts range from $23.00 to $38.00. On average, they anticipate Virtu Financial's stock price to reach $29.70 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price. View Analyst Price Targets for Virtu Financial.
What is the consensus analysts' recommendation for Virtu Financial?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtu Financial in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Virtu Financial.
Has Virtu Financial been receiving favorable news coverage?
News headlines about VIRT stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Virtu Financial earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days.
Are investors shorting Virtu Financial?
Virtu Financial saw a decrease in short interest in the month of November. As of November 15th, there was short interest totalling 5,681,202 shares, a decrease of 26.1% from the October 31st total of 7,691,430 shares. Based on an average daily trading volume, of 1,529,507 shares, the days-to-cover ratio is presently 3.7 days. Approximately 8.8% of the company's shares are sold short. View Virtu Financial's Current Options Chain.
Who are some of Virtu Financial's key competitors?
Some companies that are related to Virtu Financial include Nomura (NMR), Raymond James (RJF), MarketAxess (MKTX), SEI Investments (SEIC), Stifel Financial (SF), Navient (NAVI), Waddell & Reed Financial (WDR), Wisdom Tree Investments (WETF), Investment Technology Group (ITG), Piper Jaffray Companies (PJC), Associated Capital Group (AC), Gamco Investors (GBL), Greenhill & Co., Inc. (GHL), Freedom (FRHC) and Cowen (COWN).
Who are Virtu Financial's key executives?
Virtu Financial's management team includes the folowing people:
- Mr. Douglas A. Cifu J.D., CEO & Director (Age 53)
- Mr. Vincent J. Viola, Founder & Chairman Emeritus (Age 62)
- Mr. Joseph A. Molluso, Exec. VP & CFO (Age 49)
- Mr. Stephen J. Cavoli, Exec. VP of Markets (Age 49)
- Mr. Anthony Manganiello, Chief Admin. Officer
When did Virtu Financial IPO?
(VIRT) raised $297 million in an initial public offering (IPO) on Thursday, April 16th 2015. The company issued 16,500,000 shares at $17.00-$19.00 per share. Goldman Sachs, J.P. Morgan and Sandler O'Neill + Partners, L.P. served as the underwriters for the IPO and BMO Capital Markets, Citigroup, Credit Suisse, Evercore ISI, UBS Investment Bank, Academy Securities, CIBC, Mizuho Securities and Rosenblatt Securities were co-managers.
Who are Virtu Financial's major shareholders?
Virtu Financial's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (3.62%), Vanguard Group Inc. (3.38%), Van Berkom & Associates Inc. (2.56%), William Blair Investment Management LLC (2.29%), Royce & Associates LP (0.82%) and Neuberger Berman Group LLC (0.82%). Company insiders that own Virtu Financial stock include Douglas A Cifu, Holdings (Private) Ltd Temasek, John Nixon, Joseph Molluso, North Island Ventures, Llc and Tjmt Holdings Llc. View Institutional Ownership Trends for Virtu Financial.
Which major investors are selling Virtu Financial stock?
VIRT stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Morgan Stanley, Bank of Montreal Can, Credit Suisse AG, Wells Fargo & Company MN, Neuberger Berman Group LLC, TIAA CREF Investment Management LLC and Rothschild & Co. Asset Management US Inc.. Company insiders that have sold Virtu Financial company stock in the last year include Douglas A Cifu, Holdings (Private) Ltd Temasek, Joseph Molluso and Tjmt Holdings Llc. View Insider Buying and Selling for Virtu Financial.
Which major investors are buying Virtu Financial stock?
VIRT stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Van Berkom & Associates Inc., Royce & Associates LP, William Blair Investment Management LLC, Mirae Asset Global Investments Co. Ltd., Point72 Asset Management L.P., Vanguard Group Inc. and First Trust Advisors LP. Company insiders that have bought Virtu Financial stock in the last two years include Holdings (Private) Ltd Temasek, John Nixon, North Island Ventures, Llc and Tjmt Holdings Llc. View Insider Buying and Selling for Virtu Financial.
How do I buy shares of Virtu Financial?
Shares of VIRT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Virtu Financial's stock price today?
One share of VIRT stock can currently be purchased for approximately $25.56.
How big of a company is Virtu Financial?
Virtu Financial has a market capitalization of $4.84 billion and generates $1.02 billion in revenue each year. The financial services provider earns $2.93 million in net income (profit) each year or $0.57 on an earnings per share basis. Virtu Financial employs 560 workers across the globe.
What is Virtu Financial's official website?
How can I contact Virtu Financial?
Virtu Financial's mailing address is 300 VESEY STREET, NEW YORK NY, 10282. The financial services provider can be reached via phone at 212-418-0100 or via email at [email protected]
MarketBeat Community Rating for Virtu Financial (NASDAQ VIRT)
MarketBeat's community ratings are surveys of what our community members think about Virtu Financial and other stocks. Vote "Outperform" if you believe VIRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VIRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
