About Virtu Financial (NASDAQ:VIRT)
Virtu Financial, Inc. is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions. It has a single, multi-asset, multi-currency technology platform, through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools in various countries around the world. It makes markets in a range of different assets classes, such as Americas Equities; Europe, the Middle East and Africa (EMEA) Equities; Asia Pacific (APAC) Equities; Global Commodities; Global Currencies, and Options, Fixed Income and Other Securities. It makes markets for global banks, brokers and other intermediaries, and indirectly provides services to retail and institutional investors.
Industry, Sector and Symbol
Industry Security brokers & dealers
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:VIRT
CUSIPN/A
Phone212-418-0100
Debt
Debt-to-Equity Ratio1.21%
Current Ratio0.64%
Quick Ratio0.64%
Price-To-Earnings
Trailing P/E Ratio64.39
Forward P/E Ratio23.08
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.02 billion
Price / Sales6.75
Cash Flow$0.8969 per share
Price / Cash40.92
Book Value$6.15 per share
Price / Book5.97
Profitability
EPS (Most Recent Fiscal Year)$0.57
Net Income$2.93 million
Net Margins1.69%
Return on Equity10.73%
Return on Assets1.53%
Miscellaneous
Employees560
Outstanding Shares188,190,000
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 announced a quarterly dividend on Thursday, February 8th. Investors of record on Thursday, March 1st will be paid a dividend of $0.24 per share on Thursday, March 15th. This represents a $0.96 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, February 28th. View Virtu Financial's Dividend History.
How will Virtu Financial's stock buyback program work?
Virtu Financial announced that its Board of Directors has approved a stock buyback plan on Thursday, February 8th 2018, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically 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) released its quarterly earnings results on Thursday, February, 8th. The financial services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.10. The financial services provider earned $460.42 million during the quarter, compared to the consensus estimate of $194.80 million. Virtu Financial had a net margin of 1.69% and a return on equity of 10.73%. During the same quarter in the previous year, the firm posted $0.24 EPS. View Virtu Financial's Earnings History.
When is Virtu Financial's next earnings date?
What price target have analysts set for VIRT?
7 equities research analysts have issued 12 month price targets for Virtu Financial's shares. Their forecasts range from $22.00 to $31.00. On average, they expect Virtu Financial's stock price to reach $26.5714 in the next twelve months. View Analyst Ratings for Virtu Financial.
Who are some of Virtu Financial's key competitors?
Some companies that are related to Virtu Financial include Raymond James (RJF), SEI Investments (SEIC), MarketAxess (MKTX), Stifel (SF), Navient (NAVI), Waddell & Reed (WDR), WisdomTree Investments (WETF), Piper Jaffray (PJC), Associated Capital Group (AC), GAMCO Investors (GBL), Investment Technology Group (ITG), Greenhill & Co. (GHL), Cowen Group (COWN), Oppenheimer (OPY) and Siebert Financial (SIEB).
Who are Virtu Financial's key executives?
Virtu Financial's management team includes the folowing people:
- Robert Greifeld, Chairman of the Board (Age 60)
- Douglas A. Cifu J.D., Chief Executive Officer, Director (Age 51)
- Joseph Molluso, Chief Financial Officer, Executive Vice President (Age 48)
- Vincent J. Viola, Chairman Emeritus, Director (Age 61)
- John Philip Abizaid, Director (Age 66)
- Glenn H. Hutchins, Director (Age 61)
- Michael T. Viola, Director (Age 30)
- William F. Cruger Jr., Independent Director (Age 58)
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.
Has Virtu Financial been receiving favorable news coverage?
News stories about VIRT stock have trended somewhat positive on Monday, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtu Financial earned a daily sentiment score of 0.07 on Accern's scale. They also gave press coverage about the financial services provider an impact score of 46.97 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
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 $36.70.
How big of a company is Virtu Financial?
Virtu Financial has a market capitalization of $7.04 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.
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 (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.
Virtu Financial (NASDAQ:VIRT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Virtu Financial in the last 12 months. Their average twelve-month price target is $26.5714, suggesting that the stock has a possible downside of 27.60%. The high price target for VIRT is $31.00 and the low price target for VIRT is $22.00. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.29 | 2.29 | 2.14 | 1.83 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $26.5714 | $26.5714 | $16.8571 | $16.00 |
| Price Target Upside: | 27.60% downside | 4.59% downside | 7.71% upside | 2.24% upside |
Virtu Financial (NASDAQ:VIRT) Consensus Price Target History
Virtu Financial (NASDAQ:VIRT) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Virtu Financial (NASDAQ:VIRT) Dividend Information
Virtu Financial pays an annual dividend of $0.96 per share, with a dividend yield of 2.62%. VIRT's most recent quarterly dividend payment was Thursday, March 15. Virtu Financial pays out 168.42% of its earnings out as a dividend.
| Most Recent Dividend: | 3/15/2018 |
| Annual Dividend: | $0.96 |
| Dividend Yield: | 2.62% |
| Payout Ratio: | 168.42% (Trailing 12 Months of Earnings)
60.38% (Based on This Year's Estimates)
48.98% (Based on Next Year's Estimates)
|
Virtu Financial (NASDAQ:VIRT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/8/2018 | Quarterly | $0.24 | 2.91% | 2/28/2018 | 3/1/2018 | 3/15/2018 |
| 11/7/2017 | Quarterly | $0.24 | 6.02% | 11/30/2017 | 12/1/2017 | 12/15/2017 |
| 8/9/2017 | quarterly | $0.24 | 5.91% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 5/5/2017 | quarterly | $0.24 | 6.4% | 5/30/2017 | 6/1/2017 | 6/15/2017 |
| 2/3/2017 | quarterly | $0.24 | 5.18% | 2/27/2017 | 3/1/2017 | 3/15/2017 |
| 11/4/2016 | quarterly | $0.24 | 7.3% | 11/29/2016 | 12/1/2016 | 12/15/2016 |
| 8/4/2016 | quarterly | $0.24 | 6.01% | 8/30/2016 | 9/1/2016 | 9/15/2016 |
| 5/4/2016 | Quarterly | $0.24 | | 5/27/2016 | 6/1/2016 | 6/15/2016 |
| 2/5/2016 | quarterly | $0.24 | 4.57% | 2/26/2016 | 3/1/2016 | 3/15/2016 |
| 11/5/2015 | quarterly | $0.24 | 4.02% | 11/27/2015 | 12/1/2015 | 12/15/2015 |
| 8/6/2015 | special | $0.24 | | 8/28/2015 | 9/1/2015 | 9/15/2015 |
(Data available from 1/1/2013 forward)
Virtu Financial (NASDAQ VIRT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 69.90%
Institutional Ownership Percentage: 47.36%
Virtu Financial (NASDAQ VIRT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 8/10/2017 | North Island Ventures, Llc | Major Shareholder | Buy | 338,124 | $15.44 | $5,220,634.56 | |  |
| 7/20/2017 | Holdings (Private) Ltd Temasek | Major Shareholder | Buy | 6,346,155 | $15.60 | $99,000,018.00 | | |
| 4/17/2017 | Tjmt Holdings Llc | Insider | Buy | 144,542 | $15.46 | $2,234,619.32 | | |
| 4/11/2017 | Tjmt Holdings Llc | Insider | Buy | 100,000 | $15.62 | $1,562,000.00 | | |
| 4/7/2017 | Tjmt Holdings Llc | Insider | Buy | 151,128 | $15.87 | $2,398,401.36 | | |
| 3/16/2017 | Tjmt Holdings Llc | Insider | Buy | 300 | $16.00 | $4,800.00 | | |
| 1/19/2017 | Tjmt Holdings Llc | Insider | Buy | 100 | $16.00 | $1,600.00 | | |
| 1/18/2017 | Tjmt Holdings Llc | Insider | Buy | 41,665 | $15.98 | $665,806.70 | | |
| 1/17/2017 | Tjmt Holdings Llc | Insider | Buy | 23,948 | $16.00 | $383,168.00 | | |
| 1/13/2017 | Tjmt Holdings Llc | Insider | Buy | 360 | $16.00 | $5,760.00 | | |
| 1/11/2017 | Tjmt Holdings Llc | Insider | Buy | 1,924 | $16.00 | $30,784.00 | | |
| 1/9/2017 | Tjmt Holdings Llc | Insider | Buy | 100 | $16.00 | $1,600.00 | | |
| 1/3/2017 | Tjmt Holdings Llc | Insider | Buy | 11,754 | $15.98 | $187,828.92 | | |
| 12/30/2016 | Tjmt Holdings Llc | Insider | Buy | 22,097 | $15.92 | $351,784.24 | | |
| 12/29/2016 | Tjmt Holdings Llc | Insider | Buy | 6,700 | $15.98 | $107,066.00 | | |
| 12/28/2016 | Tjmt Holdings Llc | Insider | Buy | 17,564 | $15.92 | $279,618.88 | | |
| 12/27/2016 | Tjmt Holdings Llc | Insider | Buy | 50,000 | $15.88 | $794,000.00 | | |
| 12/23/2016 | Tjmt Holdings Llc | Insider | Buy | 23,461 | $15.61 | $366,226.21 | | |
| 12/22/2016 | Tjmt Holdings Llc | Insider | Buy | 50,000 | $15.72 | $786,000.00 | | |
| 12/21/2016 | Tjmt Holdings Llc | Insider | Buy | 50,000 | $15.78 | $789,000.00 | | |
| 12/20/2016 | Tjmt Holdings Llc | Insider | Buy | 50,000 | $15.83 | $791,500.00 | | |
| 12/19/2016 | Tjmt Holdings Llc | Insider | Buy | 50,000 | $15.99 | $799,500.00 | | |
| 12/16/2016 | Tjmt Holdings Llc | Insider | Buy | 50,000 | $16.00 | $800,000.00 | | |
| 12/15/2016 | Tjmt Holdings Llc | Insider | Buy | 11,687 | $16.00 | $186,992.00 | | |
| 12/14/2016 | Tjmt Holdings Llc | Insider | Buy | 50,000 | $15.94 | $797,000.00 | | |
| 12/13/2016 | Tjmt Holdings Llc | Insider | Buy | 14,937 | $15.99 | $238,842.63 | | |
| 12/12/2016 | Tjmt Holdings Llc | Insider | Buy | 50,000 | $15.96 | $798,000.00 | | |
| 8/5/2016 | Douglas A Cifu | CEO | Buy | 60,000 | $16.51 | $990,600.00 | 60,000 | |
| 5/23/2016 | Venu Palaparthi | SVP | Buy | 2,000 | $17.36 | $34,720.00 | 3,032 | |
| 11/18/2015 | Michael J Bingle | Director | Sell | 6,075,837 | $21.65 | $131,541,871.05 | | |
| 4/21/2015 | John P Abizaid | Director | Buy | 5,500 | $19.00 | $104,500.00 | | |
| 4/21/2015 | Lake Group L.L.C. Silver | Major Shareholder | Sell | 8,333,333 | $17.67 | $147,249,994.11 | | |
(Data available from 1/1/2013 forward)
Virtu Financial (NASDAQ VIRT) News Headlines
| Source: |
|
| Date | Headline |
|---|
![[$$] Plan to Help Small-Cap Companies Comes Under Fire](/images/news-sites/YahooFinance.jpg "[$$] Plan to Help Small-Cap Companies Comes Under Fire") | [$$] Plan to Help Small-Cap Companies Comes Under Fire
finance.yahoo.com - April 23 at 5:17 PM |
 | Virtu Financial Inc (VIRT) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 20 at 5:35 AM |
| Analyzing Virtu Financial (VIRT) & Its Rivals
www.americanbankingnews.com - April 19 at 3:08 AM |
| Analyzing Virtu Financial (VIRT) and Its Peers
www.americanbankingnews.com - April 18 at 5:17 PM |
| Contrasting Virtu Financial (VIRT) & Its Competitors
www.americanbankingnews.com - April 18 at 11:14 AM |
| Head-To-Head Review: Virtu Financial (VIRT) vs. The Competition
www.americanbankingnews.com - April 18 at 9:30 AM |
| Virtu Financial (VIRT) Rating Lowered to Sell at BidaskClub
www.americanbankingnews.com - April 17 at 12:21 PM |
| Reviewing Virtu Financial (VIRT) & Its Rivals
www.americanbankingnews.com - April 16 at 5:19 AM |
| $0.44 EPS Expected for Virtu Financial Inc (VIRT) This Quarter
www.americanbankingnews.com - April 14 at 1:08 AM |
| Virtu Financial (VIRT) Cut to "Hold" at Zacks Investment Research
www.americanbankingnews.com - April 13 at 1:35 PM |
| Cowen Group (COWN) & Virtu Financial (VIRT) Critical Survey
www.americanbankingnews.com - April 13 at 1:18 PM |
| E-brokers and banks finally have something to cheer about: Volatility boosts trading
finance.yahoo.com - April 13 at 8:13 AM |
| Goldman Sachs Reaffirms "Neutral" Rating for Virtu Financial (VIRT)
www.americanbankingnews.com - April 10 at 11:38 PM |
 | Get Long Vol With Virtu Financial Going Into Q1 Earnings
seekingalpha.com - April 10 at 5:34 PM |
| Top Stock Picks for the Week of April 9th
finance.yahoo.com - April 10 at 5:34 PM |
| Head-To-Head Contrast: Virtu Financial (VIRT) vs. The Competition
www.americanbankingnews.com - April 9 at 1:08 AM |
| Financial Review: Virtu Financial (VIRT) versus The Competition
www.americanbankingnews.com - April 7 at 5:22 PM |
| TheStreet Downgrades Virtu Financial (VIRT) to D+
www.americanbankingnews.com - April 7 at 12:23 PM |
| Virtu Financial (VIRT) Given "Underweight" Rating at JPMorgan Chase
www.americanbankingnews.com - April 6 at 4:46 PM |
 | Virtu Financial (VIRT) and Flotek (FTK) are Aggressive Growth Stocks
www.msn.com - April 5 at 5:22 PM |
| Bull Of The Day: Virtu Financial (VIRT)
finance.yahoo.com - April 5 at 10:02 AM |
 | Virtu Financial to Host Conference Call Announcing 2018 First Quarter Results ...
globenewswire.com - April 4 at 8:14 AM |
| Virtu Financial to Host Conference Call Announcing 2018 First Quarter Results on Friday, May 4, 2018
finance.yahoo.com - April 2 at 5:32 PM |
| Reviewing Virtu Financial (VIRT) & Its Competitors
www.americanbankingnews.com - April 2 at 3:10 PM |
| Virtu Financial (VIRT) Rating Increased to Neutral at Citigroup
www.americanbankingnews.com - April 1 at 10:49 AM |
| Edited Transcript of VIRT earnings conference call or presentation 8-Feb-18 1:00pm GMT
finance.yahoo.com - March 31 at 8:14 AM |
| Virtu Financial (VIRT) Upgraded by BidaskClub to "Strong-Buy"
www.americanbankingnews.com - March 28 at 11:05 AM |
| $0.44 Earnings Per Share Expected for Virtu Financial Inc (VIRT) This Quarter
www.americanbankingnews.com - March 28 at 3:13 AM |
| Virtu Financial Inc (VIRT) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - March 26 at 5:41 AM |
| Virtu Financial (VIRT) Stock Rating Upgraded by JPMorgan Chase & Co.
www.americanbankingnews.com - March 25 at 12:21 PM |
| Virtu Financial Inc (VIRT) Expected to Post Earnings of $0.44 Per Share
www.americanbankingnews.com - March 10 at 7:14 PM |
 | Trading firm Virtu distances itself from phony cryptocurrency - Reuters
www.reuters.com - March 3 at 8:10 AM |
 | Virtu Financial moves to distance itself from ‘VirtCoin’
www.ft.com - March 2 at 6:16 PM |
| VirtCoin has no relationship, connection, or affiliation to Virtu Financial
finance.yahoo.com - March 2 at 6:16 PM |
| [$$] Virtu Financial moves to distance itself from ‘VirtCoin’
finance.yahoo.com - March 2 at 6:16 PM |
| Latest Crypto Scam Uses Virtu's Trading History to Fool Users
finance.yahoo.com - March 2 at 6:16 PM |
| Research Report Identifies AutoZone, Highwoods Properties, Virtu Financial, Genocea Biosciences, LGI Homes, and Agios Pharmaceuticals with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
finance.yahoo.com - March 2 at 8:10 AM |
 | This Morning's Technical Outlook on Investment Brokerage Stocks -- Virtu Financial, Greenhill, Raymond James ... - PR Newswire (press release)
www.prnewswire.com - March 1 at 8:10 AM |
| Virtu Financial Inc (VIRT) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 1 at 5:30 AM |
 | Virtu Financial, Inc. (VIRT) Ex-Dividend Date Scheduled for February 28, 2018 - Nasdaq
www.nasdaq.com - February 28 at 8:12 AM |
| Closing Bell Exchange: People are overreacting to Powell
finance.yahoo.com - February 27 at 5:59 PM |
| The Zacks Analyst Blog Highlights: NVIDIA, Virtu Financial, Kulicke and Soffa Industries, Pioneer Natural Resources and Paycom Software
finance.yahoo.com - February 26 at 5:49 PM |
| Virtu Financial Inc (VIRT) Stake Increased by Royce & Associates LP
www.americanbankingnews.com - February 24 at 10:24 AM |
| Stock Traders Purchase Large Volume of Virtu Financial Put Options (VIRT)
www.americanbankingnews.com - February 23 at 8:22 AM |
| Analysts Expect Virtu Financial Inc (VIRT) Will Announce Earnings of $0.44 Per Share
www.americanbankingnews.com - February 22 at 3:14 AM |
| Virtu Financial (VIRT) Upgraded to Buy by BidaskClub
www.americanbankingnews.com - February 19 at 1:02 PM |
| Virtu Financial (VIRT) PT Raised to $26.00 at Rosenblatt Securities
www.americanbankingnews.com - February 16 at 4:26 PM |
| Virtu Financial (VIRT) Given New $27.00 Price Target at Goldman Sachs Group
www.americanbankingnews.com - February 16 at 4:26 PM |
| Virtu Financial (VIRT) PT Raised to $27.00 at Sandler O'Neill
www.americanbankingnews.com - February 16 at 4:26 PM |
| Evercore ISI Increases Virtu Financial (VIRT) Price Target to $27.00
www.americanbankingnews.com - February 16 at 4:26 PM |
Virtu Financial (NASDAQ:VIRT) SEC Filings
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Virtu Financial (NASDAQ:VIRT) Income Statement, Balance Sheet and Cash Flow Statement
Virtu Financial (NASDAQ VIRT) Stock Chart for Monday, April, 23, 2018
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