Engineers Gate Manager LP Reduces Stock Position in Virtu Financial, Inc. $VIRT

Engineers Gate Manager LP cut its holdings in Virtu Financial, Inc. (NYSE:VIRT – Free Report) by 52.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,803 shares of the company’s stock after selling 62,210 shares during the period. Engineers Gate Manager LP’s holdings in Virtu Financial were worth $3,324,000 as of its most recent SEC filing.

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A number of other hedge funds have also bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in shares of Virtu Financial in the second quarter valued at $285,000. Squarepoint Ops LLC boosted its position in shares of Virtu Financial by 68.1% in the second quarter. Squarepoint Ops LLC now owns 14,222 shares of the company’s stock valued at $847,000 after acquiring an additional 5,762 shares during the period. Allworth Financial LP boosted its position in shares of Virtu Financial by 113.9% in the second quarter. Allworth Financial LP now owns 6,427 shares of the company’s stock valued at $383,000 after acquiring an additional 3,423 shares during the period. Arizona State Retirement System grew its stake in Virtu Financial by 2.4% during the second quarter. Arizona State Retirement System now owns 22,701 shares of the company’s stock valued at $1,352,000 after acquiring an additional 535 shares in the last quarter. Finally, West Family Investments Inc. bought a new stake in Virtu Financial during the 2nd quarter worth approximately $256,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VIRT shares. Wall Street Zen cut shares of Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of Virtu Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Virtu Financial in a research report on Wednesday, August 26th. Morgan Stanley upped their target price on Virtu Financial from $39.00 to $57.00 and gave the stock an “underweight” rating in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. raised their price target on Virtu Financial from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.80.

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Check Out Our Latest Research Report on VIRT

Virtu Financial Price Performance

VIRT opened at $61.00 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $9.47 billion, a P/E ratio of 10.13, a PEG ratio of 0.41 and a beta of 0.62. The stock has a 50-day moving average price of $61.12 and a 200-day moving average price of $53.81. Virtu Financial, Inc. has a 12-month low of $31.55 and a 12-month high of $68.76.

Virtu Financial (NYSE:VIRT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $1.82 earnings per share for the quarter. The company had revenue of $984.69 million for the quarter. Virtu Financial had a return on equity of 49.06% and a net margin of 13.50%.Virtu Financial has set its Q2 2026 guidance at 1.820-1.820 EPS. Equities analysts predict that Virtu Financial, Inc. will post 6.38 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. Virtu Financial’s dividend payout ratio (DPR) is 15.95%.

Insider Buying and Selling

In related news, Director Joseph J. Grano, Jr. sold 8,400 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total transaction of $511,896.00. Following the transaction, the director owned 33,814 shares of the company’s stock, valued at approximately $2,060,625.16. This trade represents a 19.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Nixon sold 9,094 shares of Virtu Financial stock in a transaction on Monday, August 17th. The stock was sold at an average price of $60.13, for a total transaction of $546,822.22. Following the completion of the transaction, the director owned 30,902 shares in the company, valued at approximately $1,858,137.26. The trade was a 22.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 46.76% of the company’s stock.

Virtu Financial Company Profile

(Free Report)

Virtu Financial, Inc is a global financial services company that provides liquidity and execution services across the financial markets. Through its market-making operations, the company quotes buy and sell prices and facilitates trading in a range of securities, including equities, exchange-traded funds, options, futures, foreign exchange and fixed-income products.

Virtu also provides technology-enabled execution and workflow solutions to institutions, brokers, and other market participants.

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Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. (NYSE:VIRT – Free Report).

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