Core Insights - Virtu Financial, Inc. reported a strong financial performance for the first quarter of 2025, with total revenues increasing by 30.3% to $837.9 million compared to $642.8 million in the same period of 2024 [3][22] - The company declared a quarterly cash dividend of $0.24 per share, payable on June 16, 2025, to shareholders of record as of May 30, 2025 [1] Financial Performance - Trading income, net, rose by 44.6% to $590.0 million for the quarter, up from $408.1 million in the prior year [3][22] - Net income for the quarter was $189.6 million, compared to $111.3 million in the same quarter of 2024 [3][22] - Basic and diluted earnings per share were $1.09 and $1.08, respectively, compared to $0.59 for the same period in 2024 [4][22] Adjusted Financial Metrics - Adjusted Net Trading Income increased by 35.5% to $497.1 million, compared to $366.9 million in the same period of 2024 [5][22] - Adjusted EBITDA rose by 57.7% to $319.9 million for the quarter, compared to $202.8 million in the same period in 2024 [5][22] - Normalized Adjusted Net Income increased by 67.6% to $208.3 million, compared to $124.3 million in the same period of 2024 [5][22] Operating Segments - The company operates in two segments: Market Making and Execution Services, with Market Making primarily focusing on cash, futures, and options markets across various asset classes [7][8] - Execution Services includes agency-based trading and trading venues, providing execution services in global equities, options, futures, and fixed income [8] Share Repurchase Program - Since the inception of the share repurchase program in November 2020, the company has repurchased approximately 52.1 million shares for about $1,346.2 million, with $373.8 million remaining for future purchases [13] Financial Condition - As of March 31, 2025, Virtu had $771.0 million in cash, cash equivalents, and restricted cash, with total long-term debt of $1,768.3 million [12][34]

Core Viewpoint - Kahn Swick & Foti, LLC is investigating Virtu Financial, Inc. due to allegations of failing to implement effective information access barriers, which has led to scrutiny from regulators and a securities class action lawsuit against the company and its executives [1][2][3][4]. Group 1: Regulatory Scrutiny - Virtu Financial has been under intense scrutiny from finance media and regulators for allegedly failing to protect sensitive trading data, allowing employees unrestricted access [2]. - The company disclosed in early 2023 that it was responding to requests from the U.S. Securities and Exchange Commission (SEC) regarding its information access barriers and anticipates a Wells Notice from the SEC if no settlement is reached [2]. - On September 12, 2023, the SEC filed charges against Virtu Financial [2]. Group 2: Legal Actions - The company and certain executives are facing a securities class action lawsuit for failing to disclose material information during the Class Period, violating federal securities laws [3]. - A court has denied Virtu's motion to dismiss the class action lawsuit, allowing the case to proceed [3]. Group 3: Investigation Focus - KSF's investigation is centered on whether Virtu's officers and/or directors breached their fiduciary duties to shareholders or violated state or federal laws [4].

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ:VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, will announce its results for the first quarter 2025 on Wednesday, April 23, 2025, before the US market open. Virtu will host a conference call to discuss the company's financial results at 8:00 AM (EDT). A live webcast of the event will be availab ...

Macro uncertainty has delayed the timeline for an IPO comeback, but there remains substantial pent-up supply for equity issuance.That’s according to BofA Securities analyst Craig Siegenthaler, who maintained all of his ratings and continues to look for a reopening in the second half of 2025. This will restart Nasdaq, Inc‘s NDAQ strategic flywheel across listings, trading, and corporate services, he says.Also Read: Nasdaq Plans 24-Hour Trading To Tap Global Investor DemandSiegenthaler continued to forecast t ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time. Momentum Score The research service fe ...

If you are a long-term stockholder of Virtu, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squi ...

PHILADELPHIA, March 28, 2025 (GLOBE NEWSWIRE) -- A federal securities fraud class action alleging that Virtu Financial Inc. (NASDAQ: VIRT), and certain of its officers failed to disclose to investors that it had improper safeguards in place and was not monitoring which of its employees were accessing the primary database containing sensitive trader information, has survived a motion to dismiss. Virtu shareholders who have continuously held Virtu shares since prior to November 7, 2018, can seek corporate ref ...

Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Virtu Financial, Inc. related to misrepresentation and disclosure failures regarding the company's operational and technological efficacy [1][2]. Group 1: Allegations and Legal Context - A federal securities lawsuit claims that insiders at Virtu Financial misrepresented or failed to disclose deficiencies in the company's information access barriers [2]. - The lawsuit alleges that these deficiencies led to an overstatement of the company's operational and technological capabilities, as well as its ability to prevent the exchange of confidential information [2]. - It is asserted that these issues increased the likelihood of enhanced regulatory scrutiny, rendering public statements about the company materially false and misleading [2]. Group 2: Shareholder Actions - Shareholders who purchased VIRT shares prior to March 1, 2019, are encouraged to contact Kuehn Law for potential legal action, as there may be limited time to enforce their rights [3]. - Kuehn Law offers to cover all case costs and does not charge its investor clients, emphasizing the importance of shareholder participation in maintaining market integrity [4].

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Virtu Financial (VIRT) and Moody's (MCO) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, ...

PHILADELPHIA, March 25, 2025 (GLOBE NEWSWIRE) -- A federal securities fraud class action alleging that Virtu Financial Inc. (NASDAQ: VIRT), and certain of its officers failed to disclose to investors that it had improper safeguards in place and was not monitoring which of its employees were accessing the primary database containing sensitive trader information, has survived a motion to dismiss. Virtu shareholders who have continuously held Virtu shares since prior to November 7, 2018, can seek corporate ref ...