Virtu Financial, Inc. $VIRT Shares Sold by Hahn Capital Management LLC

Hahn Capital Management LLC lessened its stake in shares of Virtu Financial, Inc. (NYSE:VIRT) by 28.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 157,419 shares of the company’s stock after selling 61,665 shares during the period. Virtu Financial accounts for about 5.1% of Hahn Capital Management LLC’s portfolio, making the stock its 5th largest position. Hahn Capital Management LLC’s holdings in Virtu Financial were worth $8,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Virtu Financial by 41.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,928,509 shares of the company’s stock valued at $85,607,000 after buying an additional 569,057 shares during the period. Bank of America Corp DE raised its holdings in Virtu Financial by 115.4% in the 1st quarter. Bank of America Corp DE now owns 672,405 shares of the company’s stock valued at $29,572,000 after acquiring an additional 360,288 shares during the last quarter. Wellington Management Group LLP raised its holdings in Virtu Financial by 39.8% in the 2nd quarter. Wellington Management Group LLP now owns 782,114 shares of the company’s stock valued at $46,591,000 after acquiring an additional 222,859 shares during the last quarter. SummitTX Capital L.P. lifted its stake in shares of Virtu Financial by 442.6% during the 1st quarter. SummitTX Capital L.P. now owns 136,332 shares of the company’s stock worth $5,996,000 after purchasing an additional 111,208 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Virtu Financial during the 1st quarter worth $3,235,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Virtu Financial

In related news, Director Joseph Grano, Jr. sold 8,400 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $60.94, for a total transaction of $511,896.00. Following the completion of the sale, the director directly owned 33,814 shares of the company’s stock, valued at approximately $2,060,625.16. This represents a 19.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Nixon sold 9,094 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $60.13, for a total value of $546,822.22. Following the completion of the sale, the director owned 30,902 shares of the company’s stock, valued at approximately $1,858,137.26. This represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 46.76% of the company’s stock.

Virtu Financial Trading Down 0.1%

Shares of VIRT stock opened at $53.18 on Thursday. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.39 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. Virtu Financial, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $68.76. The firm’s 50 day moving average price is $58.12 and its two-hundred day moving average price is $52.26.

Analyst Ratings Changes

VIRT has been the subject of several recent analyst reports. Wall Street Zen cut Virtu Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Virtu Financial in a report on Wednesday, August 26th. Piper Sandler reiterated an “overweight” rating on shares of Virtu Financial in a report on Friday, October 2nd. Morgan Stanley decreased their target price on shares of Virtu Financial from $57.00 to $56.00 and set an “underweight” rating on the stock in a research report on Friday, October 9th. Finally, Evercore upgraded shares of Virtu Financial to an “outperform” rating in a report on Monday, October 5th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $68.25.

Virtu Financial Profile

Virtu Financial, Inc is a global financial services company that provides liquidity, trading, and technology solutions to the financial markets. Through its market-making business, Virtu facilitates trading in a broad range of products, including equities, exchange-traded funds, options, fixed income, foreign exchange, commodities, and certain digital assets.

The company also operates an execution services business that provides trading and workflow technology to institutional investors, asset managers, broker-dealers, and other financial institutions.