Amundi lifted its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 165.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,734 shares of the closed-end fund's stock after acquiring an additional 2,328 shares during the period. Amundi owned approximately 0.05% of Virtus Investment Partners worth $803,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Virtus Investment Partners by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 276,880 shares of the closed-end fund's stock worth $61,074,000 after acquiring an additional 21,344 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Virtus Investment Partners by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund's stock worth $31,702,000 after acquiring an additional 821 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Virtus Investment Partners by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,386 shares of the closed-end fund's stock worth $30,451,000 after acquiring an additional 3,651 shares during the period. Basswood Capital Management L.L.C. lifted its holdings in shares of Virtus Investment Partners by 12.4% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 110,429 shares of the closed-end fund's stock worth $23,129,000 after acquiring an additional 12,193 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Virtus Investment Partners by 4.7% during the 4th quarter. Fisher Asset Management LLC now owns 71,600 shares of the closed-end fund's stock worth $15,794,000 after purchasing an additional 3,224 shares in the last quarter. 80.52% of the stock is owned by institutional investors.
Virtus Investment Partners Price Performance
VRTS traded down $2.21 during midday trading on Friday, hitting $174.74. The company had a trading volume of 136,625 shares, compared to its average volume of 36,485. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The company has a market capitalization of $1.22 billion, a PE ratio of 10.34 and a beta of 1.49. Virtus Investment Partners, Inc. has a twelve month low of $167.13 and a twelve month high of $263.39. The firm's 50-day simple moving average is $190.08 and its 200-day simple moving average is $210.86.
Virtus Investment Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's payout ratio is presently 53.25%.
Wall Street Analysts Forecast Growth
VRTS has been the subject of a number of recent analyst reports. 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 dropped their target price on shares of Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating for the company in a research report on Monday, February 3rd. StockNews.com upgraded shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Morgan Stanley dropped their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Virtus Investment Partners currently has a consensus rating of "Hold" and an average price target of $225.75.
View Our Latest Research Report on Virtus Investment Partners
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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