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Virtu Financial, Inc. (NASDAQ:VIRT), a company that has delivered an impressive 83% return over the past year and maintains a strong GREAT financial health score according to InvestingPro, held its 2025 annual meeting of stockholders on Monday. The meeting, as detailed in a recent SEC filing, included several key votes on company governance and operations.
The stockholders elected three Class I directors to the board for a term of three years. William F. Cruger, Jr., Christopher C. Quick, and Vincent Viola were elected with significant majorities. Cruger received 667,807,261 votes in favor, Quick received 640,567,021, and Viola received 640,826,473, with a small number of votes withheld for each nominee. The company, which boasts a healthy 54.5% gross profit margin and has maintained dividend payments for 11 consecutive years, continues to demonstrate strong corporate governance.
In addition to the election of directors, the stockholders approved the compensation of the company’s named executive officers on an advisory basis. The compensation package was supported by 672,401,666 votes, with 2,528,434 against, and 184,479 abstentions.
Stockholders also voted in favor of holding future advisory votes on executive compensation annually. The one-year frequency option received 673,057,520 votes, with the two-year and three-year options receiving significantly fewer votes.
The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with 683,269,090 votes in favor, 291,491 against, and 26,164 abstentions.
Finally, the stockholders approved the proposal to adopt the Second Amended and Restated 2015 Management Incentive Plan. This plan increases the number of shares authorized for issuance and removes certain provisions related to Section 162(m) of the Code. The proposal received 667,600,830 votes in favor, with 7,471,808 against, and 41,941 abstentions.
The information is based on a press release statement filed with the SEC.
In other recent news, Virtu Financial reported impressive financial results for the first quarter of 2025, significantly exceeding Wall Street’s expectations. The company achieved an earnings per share (EPS) of $1.30, surpassing the projected $1.06, and reported revenue of $837.9 million, well above the anticipated $444.36 million. Citi analyst Chris Allen responded to these results by raising the price target for Virtu Financial to $48, maintaining a Buy rating, citing strong market-making activity and robust growth in the execution services business. In contrast, BofA Securities downgraded Virtu Financial from a Buy to a Neutral rating, with a price target of $43, due to concerns over the company’s valuation and potential profit deceleration in the second half of 2025.
Virtu Financial continues to emphasize the growth of its execution services, targeting $2 million in daily revenues. The company has also expanded into asset classes such as digital assets and fixed income, further strengthening its competitive position. Additionally, Virtu Financial’s share buyback program remains active, with 1.3 million shares repurchased in the first quarter, totaling $1.4 billion in buybacks to date. The firm is also exploring growth opportunities in cryptocurrencies, blockchain ETFs, and fixed income, currencies, and commodities (FICC) markets. These recent developments highlight Virtu Financial’s strategic focus on diversification and growth amid market volatility.
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