Hahn Capital Management LLC Has $12.35 Million Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Hahn Capital Management LLC increased its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 69.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 345,987 shares of the financial services provider's stock after purchasing an additional 141,475 shares during the period. Virtu Financial makes up about 5.4% of Hahn Capital Management LLC's portfolio, making the stock its 4th biggest holding. Hahn Capital Management LLC owned approximately 0.22% of Virtu Financial worth $12,345,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Virtu Financial during the third quarter worth $1,081,000. State of New Jersey Common Pension Fund D acquired a new stake in Virtu Financial in the 3rd quarter worth about $1,971,000. Principal Financial Group Inc. boosted its holdings in Virtu Financial by 1.4% in the 4th quarter. Principal Financial Group Inc. now owns 391,548 shares of the financial services provider's stock valued at $13,970,000 after purchasing an additional 5,371 shares during the period. Barclays PLC grew its position in shares of Virtu Financial by 60.2% during the 3rd quarter. Barclays PLC now owns 55,486 shares of the financial services provider's stock worth $1,691,000 after purchasing an additional 20,843 shares in the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of Virtu Financial by 124.7% during the third quarter. Bridgewater Associates LP now owns 53,785 shares of the financial services provider's stock worth $1,638,000 after purchasing an additional 29,844 shares during the period. 45.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VIRT shares. Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Morgan Stanley upped their target price on Virtu Financial from $31.00 to $33.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Five equities research 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, Virtu Financial presently has an average rating of "Hold" and an average price target of $31.36.

Virtu Financial Price Performance

NASDAQ:VIRT traded down $0.09 during trading hours on Monday, hitting $36.47. The company's stock had a trading volume of 1,011,100 shares, compared to its average volume of 983,003. The company has a market capitalization of $5.64 billion, a P/E ratio of 12.28, a PEG ratio of 1.43 and a beta of 0.46. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. Virtu Financial, Inc. has a twelve month low of $18.46 and a twelve month high of $41.38. The stock has a fifty day simple moving average of $37.17 and a 200-day simple moving average of $34.50.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. On average, analysts anticipate that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, February 28th. Virtu Financial's dividend payout ratio (DPR) is 32.32%.

Insider Buying and Selling

In other news, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $36.88, for a total transaction of $1,253,920.00. Following the sale, the executive vice president now directly owns 191,703 shares in the company, valued at approximately $7,070,006.64. The trade was a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Brett Fairclough sold 72,967 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the completion of the transaction, the chief operating officer now owns 90,749 shares of the company's stock, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,967 shares of company stock worth $5,213,964 in the last 90 days. Insiders own 46.70% of the company's stock.

Virtu Financial 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.