Hahn Capital Management LLC Trims Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Hahn Capital Management LLC trimmed its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 26.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,285 shares of the financial services provider's stock after selling 125,182 shares during the quarter. Virtu Financial accounts for approximately 2.8% of Hahn Capital Management LLC's portfolio, making the stock its 20th biggest position. Hahn Capital Management LLC owned about 0.22% of Virtu Financial worth $7,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors acquired a new position in Virtu Financial in the first quarter valued at approximately $58,287,000. Norges Bank purchased a new position in shares of Virtu Financial in the fourth quarter valued at $19,031,000. AQR Capital Management LLC increased its position in shares of Virtu Financial by 59.7% in the first quarter. AQR Capital Management LLC now owns 2,164,023 shares of the financial services provider's stock valued at $40,272,000 after buying an additional 809,085 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Virtu Financial by 553.8% during the first quarter. Federated Hermes Inc. now owns 810,853 shares of the financial services provider's stock valued at $30,180,000 after acquiring an additional 686,824 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of Virtu Financial by 7.6% during the third quarter. William Blair Investment Management LLC now owns 8,347,311 shares of the financial services provider's stock valued at $144,158,000 after acquiring an additional 588,749 shares during the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VIRT. Citigroup raised their price target on Virtu Financial from $21.00 to $22.50 and gave the stock a "buy" rating in a research note on Tuesday, March 26th. Piper Sandler reiterated an "overweight" rating and issued a $21.00 target price on shares of Virtu Financial in a research report on Friday, March 22nd. StockNews.com lowered Virtu Financial from a "hold" rating to a "sell" rating in a research report on Friday, January 26th. Morgan Stanley reduced their price objective on Virtu Financial from $20.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, January 29th. Finally, UBS Group reduced their price target on Virtu Financial from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.92.

Virtu Financial Price Performance

Shares of VIRT traded up $0.05 during midday trading on Tuesday, reaching $21.09. The stock had a trading volume of 902,700 shares, compared to its average volume of 1,124,503. Virtu Financial, Inc. has a 52 week low of $16.02 and a 52 week high of $21.19. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.46 and a quick ratio of 0.46. The firm's 50 day moving average price is $18.21 and its 200-day moving average price is $18.43. The company has a market capitalization of $3.33 billion, a P/E ratio of 15.06, a P/E/G ratio of 5.84 and a beta of 0.40.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.13). Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. The firm had revenue of $535.98 million during the quarter, compared to the consensus estimate of $272.96 million. During the same period in the prior year, the firm posted $0.32 EPS. On average, analysts forecast that Virtu Financial, Inc. will post 1.79 earnings per share for the current fiscal year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Thursday, February 29th. Virtu Financial's dividend payout ratio (DPR) is presently 68.57%.

Insider Transactions at Virtu Financial

In related news, CEO Douglas A. Cifu bought 50,000 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were bought at an average cost of $16.21 per share, with a total value of $810,500.00. Following the completion of the transaction, the chief executive officer now directly owns 584,132 shares of the company's stock, valued at $9,468,779.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 44.80% of the stock is owned by insiders.

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.

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