American Century Companies Inc. boosted its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,738 shares of the closed-end fund's stock after purchasing an additional 20,544 shares during the quarter. American Century Companies Inc. owned about 1.16% of Virtus Investment Partners worth $18,030,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Quarry LP raised its position in Virtus Investment Partners by 388.5% in the third quarter. Quarry LP now owns 127 shares of the closed-end fund's stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Virtus Investment Partners by 170.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock valued at $44,000 after purchasing an additional 126 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Virtus Investment Partners in the fourth quarter valued at about $75,000. KBC Group NV boosted its holdings in Virtus Investment Partners by 61.2% in the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund's stock valued at $87,000 after purchasing an additional 150 shares during the period. Finally, Point72 DIFC Ltd lifted its position in shares of Virtus Investment Partners by 57.2% in the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund's stock worth $128,000 after acquiring an additional 222 shares during the period. Institutional investors own 80.52% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on VRTS. Piper Sandler dropped their target price on shares of Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Barclays reduced their price objective on shares of Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating on the stock in a research note on Monday, February 3rd. Morgan Stanley decreased their price objective on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating for the company in a research report on Thursday, February 6th. Finally, StockNews.com upgraded Virtus Investment Partners from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Virtus Investment Partners presently has a consensus rating of "Hold" and an average target price of $225.75.
Read Our Latest Stock Analysis on VRTS
Virtus Investment Partners Trading Down 7.7 %
Shares of VRTS stock traded down $13.41 during mid-day trading on Thursday, reaching $161.60. 56,287 shares of the stock traded hands, compared to its average volume of 39,508. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 9.56 and a beta of 1.49. Virtus Investment Partners, Inc. has a 1-year low of $159.75 and a 1-year high of $252.82. The stock's fifty day simple moving average is $184.71 and its two-hundred day simple moving average is $209.54. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27.
Virtus Investment Partners Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's dividend payout ratio is presently 53.25%.
About Virtus Investment Partners
(
Free Report)
Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.
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