VIRT - Virtu Financial, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
18.17
+0.19 (+1.06%)
At close: 4:00PM EDT

18.13 -0.04 (-0.21%)
After hours: 4:11PM EDT

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Previous Close17.98
Open18.04
Bid18.16 x 1000
Ask18.67 x 1800
Day's Range18.01 - 18.24
52 Week Range17.67 - 29.17
Volume448,048
Avg. Volume1,034,454
Market Cap3.463B
Beta (3Y Monthly)-0.93
PE Ratio (TTM)39.33
EPS (TTM)0.46
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & Yield0.96 (5.29%)
Ex-Dividend Date2019-08-30
1y Target Est22.56
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents

    Edited Transcript of VIRT earnings conference call or presentation 8-Aug-19 11:30am GMT

    Q2 2019 Virtu Financial Inc Earnings Call

  • Virtu Financial Inc (VIRT) Q2 2019 Earnings Call Transcript
    Motley Fool

    Virtu Financial Inc (VIRT) Q2 2019 Earnings Call Transcript

    VIRT earnings call for the period ending June 30, 2019.

  • Why Virtu Financial Stock Plunged Today
    Motley Fool

    Why Virtu Financial Stock Plunged Today

    Calmer markets weighed on the trading firm's profits.

  • Bloomberg

    Virtu Falls on Trading Profit Worries; Tradeweb Also Drops

    (Bloomberg) -- Shares of Virtu Financial Inc. plummeted 18% on Thursday to the lowest since December 2017 after reporting results that raised questions about volatility and the profitability of trading. Tradeweb Markets Inc. also fell 3.5% to the lowest since early July, despite its better-than-expected earnings.Virtu’s second-quarter profit missed the lowest analyst estimate, while CEO Douglas Cifu on the company’s conference call said that “market volume in this quarter presented one of the lowest market making opportunities in many years,” including “significantly less retail engagement.”Cifu also said he hoped President Trump would keep tweeting -- which can spur volatility -- as “that’s a good thing for our business.” August, which has featured an increase in U.S.-China trade tensions after Trump tweeted about higher tariffs, has seen a “material increase” in volatility after July’s market conditions were similar to those in the second quarter, Cifu said.Virtu’s trading activity fell in a “muted environment,” though August has so far been better, Jefferies’ analyst Daniel Fannon wrote in a note. Compass Point’s Chris Allen wrote that “we were expecting a soft quarter, but even in that context results were disappointing.”Shares of Tradeweb, an electronic trading platform that trades Treasuries, bonds and derivatives, initially rose after its second-quarter revenue and adjusted earnings per share topped analysts’ estimates. Yet, the stock erased the gain to fall as much as 5% by mid-morning.On his conference call, Tradeweb CEO Lee Olesky said the company reported record results amid “a challenging environment for trading in a market characterized by low volatility.”“Wholesale and institutional channels are much more active in volatile movements and we expect to continue to see that,” Olesky said on the call. Retail brokers, however “tend to be less inclined to buy bonds at the same clip as other sectors during bouts of volatility.”Citi analyst Ben Herbert noted that Tradeweb’s July equities average daily volume of $5.3 billion missed his estimate of $6.4 billion. Overall, he found “not much to dislike” in the results.Retail broker clients account for only about 10% to 12% of revenue, according to Tradeweb. Equities accounts for 4% to 5% of total revenue, the company said.Exchange stocks, including Intercontinental Exchange Inc., Cboe Global Markets Inc. and CME Group Inc. underperformed financial stocks as a whole on Thursday, as did trading-sensitive Goldman Sachs Group Inc. In Canada, though, Toronto Stock Exchange parent TMX Group rose to a record high.The worst performer -- and only decliner -- in the S&P 500 Financials Index early Thursday afternoon was Charles Schwab Corp., which extended losses for a second day after Fidelity said it would automatically direct investors’ cash into higher yielding options.(Adds size of retail and equities business in seventh paragraph. A previous version of this story corrected an analyst name and details of the results.)To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Courtney DentchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.com

    Trump Should ‘Keep Tweeting,’ Wall Street Trading Boss Says

    High-frequency trader says market selloff sparked by presidential tweet led to a recovery in its fortunes

  • Virtu Financial (VIRT) Q2 Earnings and Revenues Lag Estimates
    Zacks

    Virtu Financial (VIRT) Q2 Earnings and Revenues Lag Estimates

    Virtu Financial (VIRT) delivered earnings and revenue surprises of -42.86% and -6.85%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Virtu Announces Second Quarter 2019 Results

    NEW YORK, Aug. 08, 2019 -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver.

  • Exchange fee fight moves from NYSE floor to data centre rooftop
    Reuters

    Exchange fee fight moves from NYSE floor to data centre rooftop

    The fight between brokers and exchanges around fees and access to trading information has moved from stock exchange floors to data centre rooftops. A move by the New York Stock Exchange to install microwave equipment on the roof of its data centre to speed up data transmissions is "anti-competitive" and could result in higher trading costs, trading firm Virtu Financial said in a letter to the U.S. Securities and Exchange Commission. Virtu opposed the NYSE's plan because it would allow only one wireless provider - chosen by the exchange - to locate an antenna on the rooftop of the exchange operator's Mahwah, New Jersey, data centre, due to "resource and engineering constraints," according to the letter, which was posted to the SEC's website on July 25.

  • Reuters

    Exchange fee fight moves from NYSE floor to data center rooftop

    The fight between brokers and exchanges around fees and access to trading information has moved from stock exchange floors to data center rooftops. A move by the New York Stock Exchange to install microwave equipment on the roof of its data center to speed up data transmissions is "anti-competitive" and could result in higher trading costs, trading firm Virtu Financial said in a letter to the U.S. Securities and Exchange Commission. Virtu opposed the NYSE's plan because it would allow only one wireless provider - chosen by the exchange - to locate an antenna on the rooftop of the exchange operator's Mahwah, New Jersey, data center, due to "resource and engineering constraints," according to the letter, which was posted to the SEC's website on July 25.

  • Earnings Preview: Virtu Financial (VIRT) Q2 Earnings Expected to Decline
    Zacks

    Earnings Preview: Virtu Financial (VIRT) Q2 Earnings Expected to Decline

    Virtu Financial (VIRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • IX vs. VIRT: Which Stock Is the Better Value Option?
    Zacks

    IX vs. VIRT: Which Stock Is the Better Value Option?

    IX vs. VIRT: Which Stock Is the Better Value Option?

  • GlobeNewswire

    Virtu Financial to Host Conference Call Announcing 2019 Second Quarter Results on Thursday, August 8, 2019

    NEW YORK, July 24, 2019 -- Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver.

  • Virtu Financial (VIRT) to Report Q2 Results: What to Know Ahead of the Release
    Zacks

    Virtu Financial (VIRT) to Report Q2 Results: What to Know Ahead of the Release

    Virtu Financial (VIRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is Virtu Financial, Inc. (NASDAQ:VIRT) Overpaying Its CEO?
    Simply Wall St.

    Is Virtu Financial, Inc. (NASDAQ:VIRT) Overpaying Its CEO?

    Doug Cifu has been the CEO of Virtu Financial, Inc. (NASDAQ:VIRT) since 2013. First, this article will compare CEO...

  • SYF or VIRT: Which Is the Better Value Stock Right Now?
    Zacks

    SYF or VIRT: Which Is the Better Value Stock Right Now?

    SYF vs. VIRT: Which Stock Is the Better Value Option?

  • GlobeNewswire

    Virtu Financial, Inc. Announces Proposed Senior First Lien Notes Offering

    Virtu Financial, Inc. (VIRT) (the “Company” or “Virtu”) today announced that its subsidiaries, VFH Parent LLC and Orchestra Co-Issuer, Inc. (together, the “Issuers”), intend to offer $525.0 million (the “Offering”) aggregate principal amount of senior secured first lien notes due 2026 (the “Notes”).  The Notes, together with cash on hand, will be used to redeem the Issuers’ senior secured second lien notes due 2022 (the “Existing Notes”). The Issuers also delivered a Conditional Notice of Redemption to holders of their outstanding Existing Notes, which provides for the redemption (the “Redemption”) by the Issuers of all outstanding Existing Notes on July 26, 2019, subject to, among other things, the Issuers or their affiliates consummating a debt financing transaction in an amount of at least $525.0 million (the “Debt Financing”) and the Issuers having received funds in connection with the Debt Financing, together with cash on hand, sufficient to repurchase the Existing Notes.

  • Here is What Hedge Funds Think About Virtu Financial Inc (VIRT)
    Insider Monkey

    Here is What Hedge Funds Think About Virtu Financial Inc (VIRT)

    Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]

  • TheStreet.com

    NYSE Trader's Instant Reaction to the Fed Decision

    Matthew Cheslock, a trader at Virtu Financial, breaks down what he's thinking about the Federal Reserve's decision to leave interest rates unchanged.

  • Markit

    See what the IHS Markit Score report has to say about Virtu Financial Inc.

    Virtu Financial Inc NASDAQ/NGS:VIRTView full report here! Summary * Bearish sentiment is low and declining * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for VIRT with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 14. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold VIRT had net inflows of $1.84 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Read This Before You Buy Virtu Financial, Inc. (NASDAQ:VIRT) Because Of Its P/E Ratio
    Simply Wall St.

    Read This Before You Buy Virtu Financial, Inc. (NASDAQ:VIRT) Because Of Its P/E Ratio

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...

  • GlobeNewswire

    Virtu Financial CEO Douglas A. Cifu to Present at the Sandler O’Neill Global Exchange and Brokerage Conference on June 5 2019

    NEW YORK, June 04, 2019 -- Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver.