Acropolis Investment Management Has Lifted 3M Co (MMM) Stake By $1.05 Million; Last Week Virtu Financial, Inc. (VIRT) Coverage

January 22, 2018 - By Richard Conner

Among 8 analysts covering Virtu Financial (NASDAQ:VIRT), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Virtu Financial had 18 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by Rosenblatt with “Hold” on Friday, September 15. The stock of Virtu Financial, Inc. (NASDAQ:VIRT) has “Buy” rating given on Tuesday, April 5 by Goldman Sachs. The company was maintained on Friday, May 27 by UBS. The stock has “Buy” rating by UBS on Thursday, August 6. The firm earned “Sell” rating on Saturday, August 8 by Zacks. The firm has “Buy” rating given on Monday, January 11 by Goldman Sachs. The stock has “Neutral” rating by Citigroup on Wednesday, November 8. As per Friday, August 21, the company rating was downgraded by Zacks. On Tuesday, October 13 the stock rating was maintained by UBS with “Buy”. The stock of Virtu Financial, Inc. (NASDAQ:VIRT) earned “Underweight” rating by JP Morgan on Wednesday, October 18. See Virtu Financial, Inc. (NASDAQ:VIRT) latest ratings:

12/01/2018 Broker: Sandler O’Neill Rating: Buy New Target: $21.0 Maintain
08/11/2017 Broker: Citigroup Old Rating: Sell New Rating: Neutral Upgrade
18/10/2017 Broker: J.P. Morgan Rating: Sell Downgrade
18/10/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Downgrade
02/10/2017 Broker: Evercore Rating: In-Line New Target: $17 Initiates Coverage On
15/09/2017 Broker: Rosenblatt Rating: Hold New Target: $18.0 Initiate
10/08/2017 Broker: Goldman Sachs Rating: Neutral New Target: $16 Maintain

Acropolis Investment Management Llc increased 3M Co (MMM) stake by 95.25% reported in 2017Q3 SEC filing. Acropolis Investment Management Llc acquired 11,623 shares as 3M Co (MMM)’s stock rose 7.02%. The Acropolis Investment Management Llc holds 23,826 shares with $2.16M value, up from 12,203 last quarter. 3M Co now has $147.82B valuation. The stock increased 0.92% or $2.27 during the last trading session, reaching $248.18. About 2.01 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since January 22, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

The stock increased 0.27% or $0.05 during the last trading session, reaching $18.75. About 164,841 shares traded. Virtu Financial, Inc. (NASDAQ:VIRT) has declined 9.54% since January 22, 2017 and is downtrending. It has underperformed by 26.24% the S&P500.

Virtu Financial, Inc., together with its subsidiaries, provides market making and liquidity services to the financial markets worldwide. The company has market cap of $3.51 billion. The firm offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income, and other securities on various exchanges, markets, and liquidity pools. It currently has negative earnings.

Since August 11, 2017, it had 0 buys, and 8 sales for $5.40 million activity. 4,004 shares were sold by Gangestad Nicholas C, worth $936,291 on Friday, October 27. 2,719 shares were sold by Little Frank R Jr., worth $560,200. Shares for $1.59 million were sold by THULIN INGE G. Fong Ivan K sold $547,377 worth of stock. Lindekugel Jon T also sold $92,023 worth of 3M Company (NYSE:MMM) shares. Hammes Eric D. sold 1,428 shares worth $295,106. Keel Paul A sold 4,965 shares worth $1.02 million.

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 72 analyst reports since July 24, 2015 according to SRatingsIntel. As per Wednesday, October 25, the company rating was maintained by Bank of America. The firm has “Underperform” rating by RBC Capital Markets given on Wednesday, December 16. The stock has “Buy” rating by Citigroup on Wednesday, July 26. RBC Capital Markets maintained it with “Underperform” rating and $149 target in Tuesday, August 4 report. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Jefferies on Tuesday, April 12. RBC Capital Markets maintained the shares of MMM in report on Wednesday, January 3 with “Hold” rating. On Wednesday, October 25 the stock rating was upgraded by Goldman Sachs to “Hold”. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Citigroup on Wednesday, October 25. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, September 20. The stock of 3M Company (NYSE:MMM) has “Outperform” rating given on Wednesday, October 25 by Credit Suisse.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It worsened, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. Wedgewood Investors Inc Pa holds 6,175 shares or 1.09% of its portfolio. California-based Covington Capital has invested 0.87% in 3M Company (NYSE:MMM). Eqis Mgmt Inc accumulated 0.14% or 12,171 shares. Windsor Cap Management Ltd holds 0.32% of its portfolio in 3M Company (NYSE:MMM) for 3,001 shares. 129,787 are held by Minneapolis Portfolio Management Gp Lc. First Merchants Corporation holds 0.85% or 23,396 shares in its portfolio. Dimensional Fund Limited Partnership has invested 0.14% in 3M Company (NYSE:MMM). 4,000 are owned by Zuckerman Investment Ltd Liability Corporation. Envestnet Asset Management Inc reported 116,357 shares. Northrock Ptnrs Ltd accumulated 2,674 shares or 0.21% of the stock. Mountain Pacific Invest Advisers Id holds 9,678 shares or 0.22% of its portfolio. Country Trust State Bank holds 0.85% or 89,639 shares in its portfolio. Florida-based Smith Chas P & Assoc Pa Cpas has invested 0.06% in 3M Company (NYSE:MMM). Wedge Mngmt L Lp Nc has 100,900 shares. The Ontario – Canada-based Intact Inv has invested 0.39% in 3M Company (NYSE:MMM).

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