Virtu Financial - VIRT Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtu Financial in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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7 Wall Street research analysts have issued twelve-month price objectives for Virtu Financial's shares. Their VIRT share price forecasts range from $18.00 to $44.00. On average, they expect the company's share price to reach $26.50 in the next year. This suggests a possible upside of 36.7% 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 5.0% and is now trading at $19.38.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our VIRT earnings forecast.

Virtu Financial, Inc. (NASDAQ:VIRT) announced its earnings results on Wednesday, November, 3rd. The financial services provider reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.08. The financial services provider earned $354.44 million during the quarter, compared to the consensus estimate of $321.71 million. Virtu Financial had a trailing twelve-month return on equity of 29.31% and a net margin of 11.21%. Virtu Financial's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS.

Virtu Financial declared a quarterly dividend on Thursday, January 26th. Investors of record on Wednesday, March 1st will be given a dividend of $0.24 per share on Wednesday, March 15th. This represents a $0.96 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Tuesday, February 28th.
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 4.97%. VIRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VIRT will have a dividend payout ratio of 41.56% 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 a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.37%), Vaughan Nelson Investment Management L.P. (0.82%), Gratus Capital LLC (0.46%), Hahn Capital Management LLC (0.31%), Peregrine Capital Management LLC (0.20%) and Congress Asset Management Co. MA (0.18%). 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 $19.38.

Virtu Financial (NASDAQ:VIRT) has a market capitalization of $3.27 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 $2.40 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.