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Virtu Financial (VIRT) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-11-29 18:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
VIRT vs. BX: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-11-25 17:46
Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Virtu Financial (VIRT) and Blackstone Inc. (BX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estima ...
Virtu Financial Congratulates Women in Finance Award Recipients Lisha Qiu and Rachele Princiotto
GlobeNewswire News Room· 2024-11-25 17:32
NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverage cutting-edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets, proudly announces that two of its exceptional team members have been recognized at the 2024 Women in Finance Americas Awards. Electronic Services Group Manager, Rachele Princiotto was honored with the Excellence in Service Providers ...
Earnings Estimates Rising for Virtu Financial (VIRT): Will It Gain?
ZACKS· 2024-11-07 18:20
Investors might want to bet on Virtu Financial (VIRT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this high-speed trading company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ...
Virtu Financial (VIRT) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-24 13:20
Virtu Financial (VIRT) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.13%. A quarter ago, it was expected that this high-speed trading company would post earnings of $0.62 per share when it actually produced earnings of $0.83, delivering a surprise of 33.87%.Over the last four quar ...
Virtu Announces Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-24 11:00
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024: Net income of $119.0 million; Normalized Adjusted Net Income1 of $132.1 millionBasic and diluted earnings per share of $0.65 and $0.64, respe ...
Will Higher Net Trading Income Drive Virtu Financial's Q3 Earnings?
ZACKS· 2024-10-23 18:21
Virtu Financial, Inc. (VIRT) is scheduled to release third-quarter 2024 results on Oct. 24, before the opening bell. The Zacks Consensus Estimate for earnings per share is pegged at 77 cents, which indicates an improvement of 71.1% from the prior-year quarter’s reported number. Growing net trading income in the Market Making and Execution Services segments, coupled with higher commissions and technology services revenues, is expected to have benefited its quarterly performance. Stay up-to-date with all quar ...
Should Value Investors Buy Virtu Financial (VIRT) Stock?
ZACKS· 2024-10-23 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metr ...
What Makes Virtu Financial (VIRT) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-10-21 17:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...
Here's Why You Should Add Virtu Financial Stock to Your Portfolio
ZACKS· 2024-10-08 19:10
Virtu Financial, Inc. (VIRT) , a leading financial services company, is well-poised to grow on the back of its diversified business and rising interest and dividends income. High volatility favors the company's Market Making segment. Headquartered in New York, Virtu Financial has a market cap of $5.1 billion. Strong revenue contribution from the Market Making segment due to higher trading income will likely benefit the stock. We expect its capture rate from the unit to improve in the coming days, along with ...