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.
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)
8-K
Virtu Announces First Quarter 2024 Results
24 Apr 24
8-K
Regulation FD Disclosure
12 Mar 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
Virtu Announces Fourth Quarter 2023 Results
25 Jan 24
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Virtu Announces Third Quarter 2023 Results
2 Nov 23
8-K
Virtu Financial Provides an Update on Ongoing SEC Matter
12 Sep 23
10-Q
2023 Q2
Quarterly report
28 Jul 23
8-K
Virtu Announces Second Quarter 2023 Results
26 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
14 Jun 23
Transcripts
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
VIRT
Earnings call transcript
2021 Q4
8 Feb 22
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC
12 Feb 24
4
Douglas A Cifu
7 Feb 24
4
Douglas A Cifu
6 Feb 24
4
Joseph Molluso
6 Feb 24
4
Brett Fairclough
6 Feb 24
4
Stephen Cavoli
6 Feb 24
4
Sean Galvin
6 Feb 24
4
Joseph Molluso
2 Feb 24
4
Stephen Cavoli
2 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
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) | 726.36 mm | 726.36 mm | 726.36 mm | 726.36 mm | 726.36 mm | 726.36 mm |
Cash burn (monthly) | 6.48 mm | 13.67 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 44.70 mm | 94.27 mm | n/a | n/a | n/a | n/a |
Cash remaining | 681.66 mm | 632.09 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 105.1 | 46.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 229 |
Opened positions | 30 |
Closed positions | 43 |
Increased positions | 60 |
Reduced positions | 106 |
13F shares | Current |
---|---|
Total value | 1.25 tn |
Total shares | 149.13 mm |
Total puts | 448.00 k |
Total calls | 651.40 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Viola Vincent J | 68.74 mm | $1.98 bn |
Vanguard | 9.60 mm | $165.82 bn |
William Blair Investment Management | 8.35 mm | $144.16 bn |
GIC Private | 4.39 mm | $158.85 mm |
BLK Blackrock | 4.14 mm | $71.47 bn |
Renaissance Technologies | 4.06 mm | $70.05 bn |
PRU Prudential Financial | 3.36 mm | $57.95 bn |
Millennium Management | 3.01 mm | $51.90 bn |
FMR | 2.52 mm | $43.55 bn |
North Island Holdings I | 2.45 mm | $70.61 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Feb 24 | Douglas A Cifu | Class A common stock | Buy | Acquire P | No | No | 16.2082 | 50,000 | 810.41 k | 584,132 |
3 Feb 24 | Sean Galvin | Class A common stock | Payment of exercise | Dispose F | No | No | 0 | 1,189 | 0.00 | 46,359 |
3 Feb 24 | Sean Galvin | Class A common stock | Option exercise | Acquire M | No | No | 0 | 3,296 | 0.00 | 47,548 |
3 Feb 24 | Sean Galvin | Class A common stock | Payment of exercise | Dispose F | No | No | 0 | 5,408 | 0.00 | 44,252 |
3 Feb 24 | Sean Galvin | Class A common stock | Option exercise | Acquire M | No | No | 0 | 15,000 | 0.00 | 49,660 |
3 Feb 24 | Sean Galvin | Class A common stock | Payment of exercise | Dispose F | No | No | 0 | 845 | 0.00 | 34,660 |
3 Feb 24 | Sean Galvin | Class A common stock | Option exercise | Acquire M | No | No | 0 | 2,342 | 0.00 | 35,505 |
3 Feb 24 | Sean Galvin | RSU Class A common stock | Option exercise | Dispose M | No | No | 0 | 3,296 | 0.00 | 31,885 |
3 Feb 24 | Sean Galvin | RSU Class A common stock | Option exercise | Dispose M | No | No | 0 | 15,000 | 0.00 | 35,181 |
3 Feb 24 | Sean Galvin | RSU Class A common stock | Option exercise | Dispose M | No | No | 0 | 2,342 | 0.00 | 50,181 |
News
Goldman Sachs Maintains Neutral on Virtu Finl, Raises Price Target to $21.7
26 Apr 24
Citigroup Maintains Buy on Virtu Finl, Raises Price Target to $24.5
25 Apr 24
7 Analysts Assess Virtu Finl: What You Need To Know
25 Apr 24
JP Morgan Maintains Neutral on Virtu Finl, Raises Price Target to $21.5
25 Apr 24
B of A Securities Maintains Buy on Virtu Finl, Raises Price Target to $25
25 Apr 24