Virtu Financial, Inc. (NASDAQ:VIRT) Stake Decreased by Hahn Capital Management LLC

Hahn Capital Management LLC lowered its stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 28.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 204,512 shares of the financial services provider's stock after selling 80,961 shares during the quarter. Virtu Financial comprises approximately 4.0% of Hahn Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Hahn Capital Management LLC owned 0.13% of Virtu Financial worth $6,229,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Riverview Trust Co bought a new position in Virtu Financial in the 1st quarter valued at about $26,000. USA Financial Formulas bought a new stake in shares of Virtu Financial in the 3rd quarter valued at $33,000. International Assets Investment Management LLC bought a new stake in Virtu Financial during the 2nd quarter valued at $39,000. Abich Financial Wealth Management LLC increased its stake in Virtu Financial by 55.3% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,193 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 781 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Virtu Financial during the 2nd quarter worth $46,000. Institutional investors own 45.78% of the company's stock.

Virtu Financial Stock Performance

Shares of VIRT stock traded up $0.11 during mid-day trading on Friday, reaching $30.97. The stock had a trading volume of 1,104,090 shares, compared to its average volume of 1,282,295. The business's fifty day moving average is $31.38 and its 200-day moving average is $26.41. 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 firm has a market cap of $4.87 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.49 and a beta of 0.38. Virtu Financial, Inc. has a 1-year low of $16.02 and a 1-year high of $33.55.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 3.10%. Virtu Financial's dividend payout ratio is currently 67.13%.

Analysts Set New Price Targets

Several research firms have commented on VIRT. Citigroup upped their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday, September 30th. Morgan Stanley raised their price target on Virtu Financial from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. UBS Group increased their price objective on Virtu Financial from $18.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, July 1st. Finally, Bank of America reduced their price target on Virtu Financial from $37.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $29.50.

Insider Transactions at Virtu Financial

In other Virtu Financial news, Director Virginia Gambale sold 5,400 shares of Virtu Financial stock in a transaction on Monday, August 5th. The stock was sold at an average price of $27.30, for a total value of $147,420.00. Following the sale, the director now owns 24,122 shares in the company, valued at $658,530.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 46.70% of the company's stock.

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.