Virtu Financial (VIRT) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Virtu Financial in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 twelve-month price targets for Virtu Financial's stock. Their VIRT share price forecasts range from $20.00 to $30.00. On average, they expect the company's stock price to reach $24.29 in the next year. This suggests a possible upside of 34.5% from the stock's current price.
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Virtu Financial's stock was trading at $20.41 at the beginning of the year. Since then, VIRT stock has decreased by 11.6% and is now trading at $18.05.
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Virtu Financial saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,530,000 shares, a decrease of 15.9% from the April 30th total of 1,820,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 1.2 days. Approximately 1.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our VIRT earnings forecast.

Virtu Financial, Inc. (NASDAQ:VIRT) posted its earnings results on Thursday, April, 20th. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.09. The financial services provider had revenue of $373.08 million for the quarter, compared to the consensus estimate of $326.19 million. Virtu Financial had a net margin of 9.26% and a trailing twelve-month return on equity of 22.53%.

Virtu Financial announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.24 per share on Thursday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for VIRT.

ETFs with the largest weight of Virtu Financial (NASDAQ:VIRT) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Amplify Digital & Online Trading ETF (BIDS), Acquirers Fund ETF (ZIG), Global SuperDividend US ETF (DIV), Schwab Crypto Thematic ETF (STCE), SPDR S&P Capital Markets ETF (KCE), First Trust Financial AlphaDEX Fund (FXO) and VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB).

Virtu Financial (NASDAQ:VIRT) pays an annual dividend of $0.96 per share and currently has a dividend yield of 5.44%. VIRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VIRT will have a dividend payout ratio of 40.34% 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 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.

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

Virtu Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include William Blair Investment Management LLC (3.74%), BlackRock Inc. (2.94%), Renaissance Technologies LLC (2.60%), Ameriprise Financial Inc. (1.97%), FMR LLC (1.88%) and Prudential Financial Inc. (1.42%). Insiders that own company stock include Brett Fairclough, Douglas A Cifu, Douglas A Cifu, Joanne Minieri, North Island Ventures, Llc, Private Ltd Gic, Sector Pension Investme Public and Stephen Cavoli.
View institutional ownership trends.

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 $18.05.

Virtu Financial (NASDAQ:VIRT) has a market capitalization of $2.97 billion and generates $2.36 billion in revenue each year. The financial services provider earns $265.03 million in net income (profit) each year or $1.98 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.