Hahn Capital Management LLC Acquires 51,006 Shares of Virtu Financial, Inc. (NASDAQ:VIRT)

Hahn Capital Management LLC raised its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 21.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,473 shares of the financial services provider’s stock after purchasing an additional 51,006 shares during the quarter. Virtu Financial accounts for approximately 3.0% of Hahn Capital Management LLC’s portfolio, making the stock its 18th largest position. Hahn Capital Management LLC owned about 0.18% of Virtu Financial worth $6,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Savant Capital LLC increased its stake in Virtu Financial by 3.3% during the 2nd quarter. Savant Capital LLC now owns 56,462 shares of the financial services provider’s stock valued at $1,268,000 after purchasing an additional 1,790 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of Virtu Financial in the 2nd quarter worth $326,000. Impact Partnership Wealth LLC grew its stake in shares of Virtu Financial by 18.9% in the 2nd quarter. Impact Partnership Wealth LLC now owns 11,484 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 1,827 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Virtu Financial by 136.7% in the 2nd quarter. Rhumbline Advisers now owns 214,766 shares of the financial services provider’s stock worth $4,821,000 after acquiring an additional 124,024 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Virtu Financial in the 2nd quarter worth $159,000. Institutional investors own 45.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VIRT. The Goldman Sachs Group upped their target price on shares of Virtu Financial from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Bank of America upped their target price on shares of Virtu Financial from $25.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Citigroup boosted their price target on shares of Virtu Financial from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Piper Sandler boosted their price target on shares of Virtu Financial from $25.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, UBS Group boosted their price target on shares of Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.36.

Insider Buying and Selling at Virtu Financial

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $27.30, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 24,122 shares in the company, valued at $658,530.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 46.70% of the company’s stock.

Virtu Financial Stock Down 1.0 %

VIRT stock opened at $31.13 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average is $27.51 and its 200 day moving average is $23.47. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 0.50 and a beta of 0.38. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $31.75.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.23. The company had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $331.92 million. Virtu Financial had a net margin of 7.59% and a return on equity of 22.74%. Virtu Financial’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Sell-side analysts predict that Virtu Financial, Inc. will post 2.42 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, August 30th. Virtu Financial’s payout ratio is currently 67.13%.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.