Virtu Financial Inc Stock Research

Market Summary

USD17.80+0.02

Market Closed

0.11%

VIRT Alerts

1 major insider buys and 1 major insider sales recently.
Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

VIRT Stock Price

VIRT RSI Chart

VIRT Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

6.34

Price/Sales (Trailing)

0.76

EV/EBITDA

5.05

Price/Free Cashflow

2.22

VIRT Price/Sales (Trailing)

VIRT Profitability

EBT Margin

23.55%

Return on Equity

19.75%

Return on Assets

2.5%

Free Cashflow Yield

44.96%

VIRT Fundamentals

VIRT Revenue

Revenue (TTM)

2.3B

Revenue Y/Y

-11.53%

Revenue Q/Q

24.63%

VIRT Earnings

Earnings (TTM)

274.4M

Earnings Y/Y

-48.44%

Earnings Q/Q

109.77%

Price Action

52 Week Range

16.2626.62

(Low)(High)

Last 7 days

-0.8%

Last 30 days

-11.2%

Last 90 days

-3.7%

Trailing 12 Months

-32.3%

VIRT Financial Health

Debt/Equity

1.34

Debt/Cashflow

0.39

VIRT Investor Care

Dividend Yield

5.39%

Dividend/Share (TTM)

0.96

Buy Backs (1Y)

10.55%

Diluted EPS (TTM)

1.99

Peers (Alternatives to Virtu Financial)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	110.1B	39.0B	-3.67%	3.47%	10.43	2.82	-18.28%	-43.67%
BLK	101.0B	17.4B	0.35%	4.00%	20.61	5.8	-11.48%	-20.19%
SCHW	99.6B	21.2B	3.06%	-22.82%	13.86	4.8	14.77%	27.91%
RJF	19.9B	12.0B	3.90%	-4.81%	11.87	1.66	11.08%	11.36%
MKTX	10.5B	735.4M	-12.39%	-2.58%	40.55	14.29	6.65%	6.97%
MID-CAP
IBKR	8.5B	3.5B	1.40%	29.22%	4.63	3.18	133.79%	12.59%
SEIC	7.6B	1.9B	-2.73%	-1.27%	19.47	4.06	-8.09%	-35.44%
SF	6.6B	4.7B	-3.77%	-9.88%	9.92	1.43	-0.66%	-21.72%
SNEX	1.7B	64.5B	-17.87%	7.47%	7.58	0.03	22.22%	49.25%
SMALL-CAP
PIPR	1.9B	1.4B	-4.01%	-0.24%	19.35	1.39	-29.57%	-62.49%
VIRT	1.7B	2.3B	-11.22%	-32.27%	6.34	0.76	-8.65%	-30.67%
COWN	1.1B	1.5B	0.39%	32.10%	14.3	0.71	-27.22%	-74.14%
AC	869.0M	16.9M	6.11%	-	-58.06	51.45	-24.32%	-161.15%
OPY	398.9M	1.2B	-3.66%	3.31%	10.59	0.34	-9.34%	-70.93%
GHL	265.7M	262.7M	104.37%	23.31%	-33.47	1.01	-10.67%	-128.23%

Financials for Virtu Financial

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-3.4%	2,284	2,365	2,573	2,556	2,500
Operating Expenses	1.4%	1,834	1,808	1,829	1,768	1,751
S&GA Expenses	-1.1%	85.00	86.00	76.00	80.00	88.00
EBITDA	-21.9%	649	831	871	859	-
EBITDA Margin	-15.1%	0.27*	0.32*	0.34*	0.34*	-
Earnings Before Taxes	-19.2%	450	557	744	788	749
EBT Margin	-18.6%	0.24*	0.29*	0.31*	0.30*	-
Interest Expenses	3.2%	95.00	92.00	87.00	84.00	82.00
Net Income	3.5%	274	265	405	436	396
Net Income Margin	-41.5%	0.11*	0.19*	0.15*	0.14*	-
Free Cahsflow	-35.9%	680	1,061	848	752	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	12.1%	11,861	10,583	10,972	11,416	12,519
Cash Equivalents	-21.7%	769	982	836	811	613
Goodwill	0.0%	1,149	1,149	1,149	1,149	1,149
Liabilities	14.5%	10,226	8,932	9,299	9,675	10,820
Long Term Debt	-0.9%	1,779	1,796	1,792	1,792	1,794
Shareholder's Equity	-2.7%	1,306	1,342	1,348	1,740	1,699
Retained Earnings	1.6%	988	972	970	956	897
Additional Paid-In Capital	2.4%	1,323	1,293	1,266	1,257	1,247
Shares Outstanding	-4.4%	98.00	102	105	109	-
Minority Interest	6.5%	330	310	325	342	320

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	15.1%	814	707	1,088	874	783
Share Based Compensation	2.8%	69.00	67.00	68.00	63.00	57.00
Cashflow From Investing	-2.5%	-30.28	-29.53	-32.89	-40.61	-96.74
Cashflow From Financing	22.6%	-569	-735	-874	-864	-1,081
Buy Backs	-94.2%	0.00	8.00	10.00	10.00	12.00

Risks for VIRT

What is the probability of a big loss on VIRT?

96.9%

Probability that Virtu Financial stock will be more than 20% underwater in next one year

56.1%

Probability that Virtu Financial stock will be more than 30% underwater in next one year.

32.7%

Probability that Virtu Financial stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does VIRT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Virtu Financial was unfortunately bought at previous high price.

Drawdowns

Returns for VIRT

Cumulative Returns on VIRT

3.8%

7-Year Cumulative Returns

-7.7%

5-Year Cumulative Returns

-7.4%

3-Year Cumulative Returns

What are the long-term rolling returns for VIRT?

FIve years rolling returns for Virtu Financial.

Annualized Returns

Which funds bought or sold VIRT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-25	Brandywine Global Investment Management, LLC	sold off	-100	-3,971,360	-	-%
2023-05-23	Toroso Investments, LLC	added	104	1,193,000	2,530,000	0.04%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-14.06	-819,636	3,194,700	-%
2023-05-22	AMERIPRISE FINANCIAL INC	added	6.59	-800,591	61,120,400	0.02%
2023-05-19	Sparta 24 Ltd.	new	-	3,308,880	3,308,880	2.83%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-8.98	-371,000	1,990,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	7.53	-20,000	4,737,000	-%
2023-05-17	Thrivent Financial for Lutherans	unchanged	-	-223,000	2,796,000	0.01%
2023-05-17	Advisory Services Network, LLC	reduced	-41.47	-45,804	54,205	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	added	29.39	452,768	2,120,600	0.02%

Latest Funds Activity

Are funds buying VIRT calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own VIRT

No. of Funds

VIRT Alerts

1 major insider buys and 1 major insider sales recently.
Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

Virtu Financial News

Schedule 13G FIlings of Virtu Financial

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 10, 2023	vanguard group inc	10.06%	9,597,969	SC 13G/A
Feb 10, 2023	temasek holdings (private) ltd	3.6%	3,580,659	SC 13G/A
Feb 09, 2023	william blair investment management, llc	8.2%	8,203,044	SC 13G/A
Feb 09, 2023	vanguard group inc	9.48%	9,465,023	SC 13G/A
Mar 11, 2022	gic private ltd	4.14%	4,389,427	SC 13G/A
Mar 09, 2022	vanguard group inc	10.39%	11,304,070	SC 13G/A
Feb 14, 2022	temasek holdings (private) ltd	5.7%	6,380,503	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 08, 2022	gic private ltd	8.06%	8,731,144	SC 13G/A
Dec 20, 2021	viola vincent j	38.4%	68,742,107	SC 13D/A

VIRT Fair Value

Show Fair-Value

Recent SEC filings of Virtu Financial

View All Filings

Date Filed	Form Type	Document
May 10, 2023	SC 13G/A	Major Ownership Report
May 04, 2023	4	Insider Trading
May 02, 2023	4	Insider Trading
May 01, 2023	ARS	ARS
May 01, 2023	144	Notice of Insider Sale Intent
Apr 28, 2023	10-Q	Quarterly Report
Apr 27, 2023	DEFA14A	DEFA14A
Apr 27, 2023	DEF 14A	DEF 14A
Apr 21, 2023	8-K	Current Report
Apr 20, 2023	8-K	Current Report

Latest Insider Trading transactions for VIRT

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-04	Cifu Douglas A	bought	842,425	16.8485	50,000	chief executive officer
2023-05-01	Fairclough Brett	sold	-969,625	19.3925	-50,000	co-president & co-coo
2023-02-03	Fairclough Brett	acquired	-	-	23,177	co-president & co-coo
2023-02-03	Fairclough Brett	acquired	-	-	8,130	co-president & co-coo
2023-02-03	Galvin Sean	acquired	-	-	17,341	cfo
2023-02-03	Cavoli Stephen	acquired	-	-	23,177	evp
2023-02-03	Galvin Sean	sold (taxes)	-	-	-8,629	cfo
2023-02-03	Cavoli Stephen	sold (taxes)	-	-	-15,983	evp
2023-02-03	Fairclough Brett	sold (taxes)	-	-	-12,321	co-president & co-coo
2023-02-03	Cavoli Stephen	acquired	-	-	8,130	evp

About Virtu Financial

Douglas A. Cifu

www.virtufinancial.com

970

Virtu Financial, Inc., a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology. The company's solutions enable clients to trade on various venues across countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrencies, and other commodities. Its analytics platform provides a range of pre- and post-trade services, data products, and compliance tools for clients to invest, trade, and manage risk across markets. Virtu Financial, Inc. was founded in 2008 and is headquartered in New York, New York.

VIRT Income Statement

2023-03-31

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Trading income, net	$ 412,511	$ 522,307
Interest and dividends income	$ 82,244	$ 21,011
Revenue from contract with customer, product and service [Extensible Enumeration]	Commissions, Net and Technology Services [Member]	Commissions, Net and Technology Services [Member]
Commissions, net and technology services	$ 121,444	$ 154,655
Other, net	4,181	3,289
Total revenue	620,380	701,262
Operating Expenses:
Brokerage, exchange, clearance fees and payments for order flow, net	145,523	150,380
Communication and data processing	56,812	55,835
Employee compensation and payroll taxes	103,437	103,480
Interest and dividends expense	97,601	42,538
Operations and administrative	24,299	25,215
Depreciation and amortization	15,348	17,477
Amortization of purchased intangibles and acquired capitalized software	16,020	16,480
Termination of office leases	96	707
Debt issue cost related to debt refinancing, prepayment and commitment fees	2,176	25,684
Transaction advisory fees and expenses	15	422
Financing interest expense on long-term borrowings	24,288	21,333
Total operating expenses	485,615	459,551
Income before income taxes and noncontrolling interest	134,765	241,711
Provision for income taxes	24,682	41,786
Net income	110,083	199,925
Noncontrolling interest	(52,202)	(87,668)
Net income available for common stockholders	$ 57,881	$ 112,257
Earnings per share
Basic (in dollars per share)	$ 0.56	$ 0.99
Diluted (in dollars per share)	$ 0.56	$ 0.98
Weighted average common shares outstanding
Basic (in shares)	97,795,957	109,329,468
Diluted (in shares)	97,813,691	110,066,641
Net Income	$ 110,083	$ 199,925
Other comprehensive income
Foreign exchange translation adjustment, net of taxes	1,648	(5,168)
Net change in unrealized cash flow hedges gain (loss), net of taxes	(13,168)	47,873
Comprehensive income	98,563	242,630
Less: Comprehensive income attributable to noncontrolling interest	(47,535)	(104,159)
Comprehensive income attributable to common stockholders	$ 51,028	$ 138,471