Hahn Capital Management LLC Has $9.19 Million Stake in Virtu Financial, Inc. $VIRT

Hahn Capital Management LLC trimmed its holdings in Virtu Financial, Inc. (NYSE:VIRT) by 6.3% during the fourth quarter, Holdings Channel reports. The firm owned 275,830 shares of the company’s stock after selling 18,429 shares during the quarter. Virtu Financial comprises about 5.0% of Hahn Capital Management LLC’s holdings, making the stock its 5th largest position. Hahn Capital Management LLC’s holdings in Virtu Financial were worth $9,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VIRT. NewEdge Advisors LLC grew its stake in Virtu Financial by 2.2% during the fourth quarter. NewEdge Advisors LLC now owns 12,939 shares of the company’s stock worth $431,000 after purchasing an additional 275 shares during the period. Optimist Retirement Group LLC lifted its stake in Virtu Financial by 3.5% in the fourth quarter. Optimist Retirement Group LLC now owns 8,277 shares of the company’s stock valued at $276,000 after buying an additional 279 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Virtu Financial by 18.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,868 shares of the company’s stock valued at $62,000 after buying an additional 291 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Virtu Financial by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,237 shares of the company’s stock worth $608,000 after buying an additional 300 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Virtu Financial by 51.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock worth $35,000 after buying an additional 332 shares in the last quarter. Institutional investors own 45.78% of the company’s stock.

Virtu Financial Trading Up 3.8%

Shares of Virtu Financial stock opened at $62.97 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.48 and a current ratio of 0.48. Virtu Financial, Inc. has a 52 week low of $31.55 and a 52 week high of $63.40. The stock has a 50 day moving average price of $52.05 and a two-hundred day moving average price of $43.00. The stock has a market capitalization of $9.77 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.53 and a beta of 0.61.

Virtu Financial (NYSE:VIRT) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.66 by $0.58. Virtu Financial had a return on equity of 51.63% and a net margin of 14.17%.The firm had revenue of $786.53 million during the quarter, compared to the consensus estimate of $613.12 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. As a group, equities analysts anticipate that Virtu Financial, Inc. will post 5.53 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, June 1st. Virtu Financial’s payout ratio is 15.89%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Virtu Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Wall Street Zen lowered shares of Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Virtu Financial in a report on Friday, May 29th. Morgan Stanley lifted their price target on shares of Virtu Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Virtu Financial from $44.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.67.

Insider Buying and Selling

In other Virtu Financial news, COO Brett Fairclough sold 30,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $50.06, for a total transaction of $1,501,800.00. Following the transaction, the chief operating officer owned 42,473 shares in the company, valued at approximately $2,126,198.38. This represents a 41.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 46.76% of the company’s stock.

Virtu Financial Company Profile

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.