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
Industry Security brokers & dealers
Sub-IndustryN/A
SectorFinance
Phone212-418-0100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.02 billion
Profitability
Miscellaneous
Employees560
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. Shareholders of record on Friday, November 30th will be given a dividend of $0.24 per share on Friday, December 14th. This represents a $0.96 annualized dividend and a yield of 3.65%. 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 approved a share repurchase program on Thursday, February 8th 2018, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.
How were Virtu Financial's earnings last quarter?
Virtu Financial Inc (NASDAQ:VIRT) posted its quarterly earnings results on Wednesday, November, 7th. The financial services provider reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The financial services provider earned $177.92 million during the quarter, compared to analysts' expectations of $171.99 million. Virtu Financial had a return on equity of 19.85% and a net margin of 12.32%. The company's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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 analysts have issued 1 year target prices for Virtu Financial's stock. Their forecasts range from $23.00 to $38.00. On average, they expect Virtu Financial's share price to reach $29.20 in the next twelve months. This suggests a possible upside of 10.9% 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 6 hold ratings and 4 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?
Media stories about VIRT stock have trended very positive this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press 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 negative five to positive five, with scores closest to five being the most favorable. Virtu Financial earned a news impact score of 3.2 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
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), Piper Jaffray Companies (PJC), Wisdom Tree Investments (WETF), Investment Technology Group (ITG), Associated Capital Group (AC), Greenhill & Co., Inc. (GHL), Gamco Investors (GBL), 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 54)
- Mr. Vincent J. Viola, Founder & Chairman Emeritus (Age 63)
- Mr. Joseph A. Molluso, Exec. VP & CFO (Age 50)
- Mr. Stephen J. Cavoli, Exec. VP of Markets (Age 50)
- Mr. Anthony Manganiello, Chief Admin. Officer
When did Virtu Financial IPO?
(VIRT) raised $297 million in an IPO on Thursday, April 16th 2015. The company issued 16,500,000 shares at a price of $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 institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.30%), National Investment Services Inc. WI (0.06%), Bangor Savings Bank (0.02%), Navellier & Associates Inc (0.02%), Nisa Investment Advisors LLC (0.02%) and Fox Run Management L.L.C. (0.01%). 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 institutional investors are selling Virtu Financial stock?
VIRT stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Navellier & Associates Inc and Bangor Savings Bank. 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 institutional investors are buying Virtu Financial stock?
VIRT stock was acquired by a variety of institutional investors in the last quarter, including National Investment Services Inc. WI, Fox Run Management L.L.C., Advisors Capital Management LLC, Bogart Wealth LLC and Nisa Investment Advisors LLC. 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 $26.32.
How big of a company is Virtu Financial?
Virtu Financial has a market capitalization of $4.98 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.
