Virtu Financial - VIRT Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Virtu Financial in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VIRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VIRT, but not buy additional shares or sell existing shares.
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6 analysts have issued 12-month price targets for Virtu Financial's stock. Their VIRT share price forecasts range from $19.00 to $44.00. On average, they anticipate the company's share price to reach $27.94 in the next twelve months. This suggests a possible upside of 45.1% from the stock's current price.
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Virtu Financial's stock was trading at $20.41 at the beginning of 2023. Since then, VIRT stock has decreased by 5.6% and is now trading at $19.26.
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Virtu Financial, Inc. (NASDAQ:VIRT) released its quarterly earnings data on Thursday, November, 3rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The financial services provider had revenue of $331.14 million for the quarter, compared to analyst estimates of $307.23 million. Virtu Financial had a trailing twelve-month return on equity of 38.81% and a net margin of 13.27%.

Virtu Financial declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Thursday, December 1st will be given a dividend of $0.24 per share on Thursday, December 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Wednesday, November 30th.
Read our dividend analysis for VIRT.

Virtu Financial (NASDAQ:VIRT) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.69%. VIRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VIRT will have a dividend payout ratio of 38.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VIRT.

36 employees have rated Virtu Financial Chief Executive Officer Doug Cifu on Glassdoor.com. Doug Cifu has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Virtu Financial investors own include Keane Group (FRAC), El Pollo Loco (LOCO), Advanced Micro Devices (AMD), BioCryst Pharmaceuticals (BCRX), NVIDIA (NVDA), VEREIT (VER), Alcoa (AA), Inovio Pharmaceuticals (INO), Intel (INTC) and La Jolla Pharmaceutical (LJPC).

(VIRT) raised $297 million in an initial public offering 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.

Virtu Financial trades on the NASDAQ under the ticker symbol "VIRT."

Virtu Financial's stock is owned by many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.37%), Hahn Capital Management LLC (0.31%), Peregrine Capital Management LLC (0.20%), Congress Asset Management Co. MA (0.18%), Econ Financial Services Corp (0.05%) and Bangor Savings Bank (0.04%). Insiders that own company stock include Brett Fairclough, Douglas A Cifu, Holdings (Private) Ltd Temasek, Joanne Minieri, Joseph C Grano, North Island Ventures, Llc, Private Ltd Gic, Sector Pension Investme Public and Stephen Cavoli.
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Shares of VIRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VIRT stock can currently be purchased for approximately $19.26.

Virtu Financial (NASDAQ:VIRT) has a market capitalization of $3.25 billion and generates $2.81 billion in revenue each year. The financial services provider earns $476.88 million in net income (profit) each year or $3.02 on an earnings per share basis.

The company employs 973 workers across the globe.

Virtu Financial's mailing address is 165 BROADWAY, NEW YORK NY, 10006. The official website for the company is www.virtu.com. The financial services provider can be reached via phone at (212) 418-0100, via email at investor_relations@virtu.com, or via fax at 212-418-0123.