virtu financial is a financial technology firm where the art of trading and the science of technology intersect. we actively make markets, as designated market makers (dmm), across a broad range of asset classes including equities, foreign exchange, commodities, options and fixed income, providing two-sided liquidity on over two hundred market centers around the world. as market makers, we lower costs for both retail and institutional investors by supplying competitive bids and offers, without seeking to take on risky directional positions. virtu's liquidity provision plays a vital role in the overall health and efficiency of the global financial markets, especially in times of market turbulence.
![Virtu Financial Inc - Ordinary Shares logo](/files/LOGO/1592386-VIRT.png)
Company profile
Ticker
VIRT
Exchange
Website
CEO
Douglas Cifu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Virtu Financial LLC • VFH Parent LLC • Virtu Financial Operating LLC • Virtu Financial Global Markets LLC • Virtu KCG Holdings LLC • Virtu Americas LLC ...
VIRT stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
26 Jul 24
8-K
Virtu Announces Second Quarter 2024 Results
18 Jul 24
8-K
Entry into a Material Definitive Agreement
21 Jun 24
8-K
Virtu Financial, Inc. Announces Investor Meetings for Potential Opportunistic Offering of Senior Secured First Lien Notes
13 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 24
8-K
Departure of Directors or Certain Officers
29 Apr 24
ARS
2023 FY
Annual report to shareholders
29 Apr 24
DEFA14A
Additional proxy soliciting materials
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
10-Q
2024 Q1
Quarterly report
26 Apr 24
Transcripts
VIRT
Earnings call transcript
2024 Q2
18 Jul 24
VIRT
Earnings call transcript
2023 Q4
25 Jan 24
VIRT
Earnings call transcript
2023 Q3
2 Nov 23
VIRT
Earnings call transcript
2023 Q2
26 Jul 23
VIRT
Earnings call transcript
2023 Q2
26 Jul 23
VIRT
Earnings call transcript
2023 Q1
20 Apr 23
VIRT
Earnings call transcript
2022 Q4
26 Jan 23
VIRT
Earnings call transcript
2022 Q3
3 Nov 22
VIRT
Earnings call transcript
2022 Q2
28 Jul 22
VIRT
Earnings call transcript
2022 Q1
28 Apr 22
Latest ownership filings
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 716.66 mm | 716.66 mm | 716.66 mm | 716.66 mm | 716.66 mm | 716.66 mm |
Cash burn (monthly) | (no burn) | 2.43 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 2.19 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 714.48 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 294.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 244 |
Opened positions | 214 |
Closed positions | 8 |
Increased positions | 10 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 1.29 tn |
Total shares | 143.86 mm |
Total puts | 513.70 k |
Total calls | 761.60 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Viola Vincent J | 68.74 mm | $1.98 bn |
Vanguard | 9.35 mm | $191.95 bn |
William Blair Investment Management | 7.53 mm | $154.53 bn |
GIC Private | 4.39 mm | $158.85 mm |
BLK Blackrock | 4.33 mm | $88.87 bn |
Renaissance Technologies | 3.52 mm | $72.21 mm |
FMR | 2.93 mm | $60.13 bn |
North Island Holdings I | 2.45 mm | $70.61 mm |
Aqr Capital Management | 2.15 mm | $44.08 bn |
STT State Street | 1.92 mm | $39.46 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Jul 24 | Cruger William Frank Jr. | Class A common stock | Option exercise | Acquire M | No | No | 0 | 8,760 | 0.00 | 57,702 |
3 Jul 24 | Cruger William Frank Jr. | RSU Class A common stock | Grant | Acquire A | No | No | 0 | 6,681 | 0.00 | 6,681 |
3 Jul 24 | Cruger William Frank Jr. | RSU Class A common stock | Option exercise | Dispose M | No | No | 0 | 8,760 | 0.00 | 0 |
3 Jul 24 | Urban David | Class A common stock | Option exercise | Acquire M | No | No | 0 | 8,760 | 0.00 | 34,966 |
3 Jul 24 | Urban David | RSU Class A common stock | Grant | Acquire A | No | No | 0 | 6,681 | 0.00 | 6,681 |
3 Jul 24 | Urban David | RSU Class A common stock | Option exercise | Dispose M | No | No | 0 | 8,760 | 0.00 | 0 |
3 Jul 24 | Viola Michael T | Class A common stock | Option exercise | Acquire M | No | No | 0 | 8,760 | 0.00 | 114,428 |
3 Jul 24 | Viola Michael T | RSU Class A common stock | Grant | Acquire A | No | No | 0 | 6,681 | 0.00 | 6,681 |
3 Jul 24 | Viola Michael T | RSU Class A common stock | Option exercise | Dispose M | No | No | 0 | 8,760 | 0.00 | 0 |
3 Jul 24 | Grano Joseph J JR | Class A common stock | Option exercise | Acquire M | No | No | 0 | 8,760 | 0.00 | 32,141 |
News
Piper Sandler Maintains Overweight on Virtu Finl, Raises Price Target to $31
22 Jul 24
B of A Securities Maintains Buy on Virtu Finl, Raises Price Target to $37
22 Jul 24
Goldman Sachs Maintains Neutral on Virtu Finl, Raises Price Target to $26
22 Jul 24
Riot Platforms & North Face Parent V.F. Corp Are Among 11 Mid-Cap Stocks That Performed The Best Last Week (July 14-July 20): Are Others In Your Portfolio?
21 Jul 24
Citigroup Maintains Buy on Virtu Finl, Raises Price Target to $32
19 Jul 24
Press releases
Virtu Triton Wins Best Equity E/OMS at European Markets Choice Awards 2024
22 Jul 24
Virtu Announces Second Quarter 2024 Results
18 Jul 24
Virtu Financial Announces Sponsorship of Maria Costa, Professional Equestrian Show Jumper
11 Jul 24
Virtu Financial, Inc. Announces Pricing of Opportunistic Refinancings
13 Jun 24
Virtu Financial, Inc. Announces Proposed Opportunistic Private Offering of $500 Million of Senior First Lien Notes Due 2031
10 Jun 24