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Why Virtu Financial Deserves a Spot in Your Portfolio Now

Virtu Financial, Inc. (NASDAQ: VIRT), a leading financial services company, is well poised to grow on the back of its diversified business and rising interest and dividends income, thanks to a high-interest rate environment. Headquartered in New York, Virtu Financial has a market cap of $3.6 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 a decline in costs. Courtesy of solid prospects, this Zacks Rank #2 (Buy) stock is worth adding to your portfolio at the moment. Let's delve deeper & check the positives for the stock. An Outperformer: A glimpse at the company's price trend reveals that the stock has had an impressive run so far this year. Shares of VIRT have returned 9.4% against the 0.7% decline of the industry it belongs to, also outperforming the finance sector's 6.1% growth. Image Source: Zacks Investment Research Zacks Estimate Story: One estimate for the 2024 bottom line moved north in the past 30 days versus no southward revision, reflecting analysts' confidence in the company. The Zacks Consensus Estimate for VIRT's 2024 bottom line indicates a 34.8% year-over-year increase to $2.48 per share. The consensus estimate for 2025 indicates further 8% growth on a year-over-year basis. The ...