Charles Schwab Investment Management Inc. Has $53.52 Million Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Charles Schwab Investment Management Inc. lifted its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 255,536 shares of the closed-end fund's stock after acquiring an additional 16,586 shares during the period. Charles Schwab Investment Management Inc. owned 3.61% of Virtus Investment Partners worth $53,522,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of VRTS. Cetera Advisors LLC acquired a new stake in Virtus Investment Partners in the 1st quarter valued at approximately $657,000. Quest Partners LLC increased its holdings in shares of Virtus Investment Partners by 183.0% during the second quarter. Quest Partners LLC now owns 8,287 shares of the closed-end fund's stock valued at $1,872,000 after purchasing an additional 5,359 shares during the period. Bailard Inc. bought a new stake in shares of Virtus Investment Partners during the second quarter valued at about $700,000. Meritage Portfolio Management lifted its holdings in Virtus Investment Partners by 36.1% in the third quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund's stock worth $4,675,000 after purchasing an additional 5,919 shares during the period. Finally, Millennium Management LLC increased its stake in Virtus Investment Partners by 14.6% during the 2nd quarter. Millennium Management LLC now owns 28,113 shares of the closed-end fund's stock valued at $6,349,000 after buying an additional 3,589 shares during the period. 80.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VRTS. Morgan Stanley upped their price target on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the stock an "underweight" rating in a research note on Friday, October 18th. StockNews.com cut Virtus Investment Partners from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. Piper Sandler upped their price objective on Virtus Investment Partners from $264.00 to $274.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Barclays began coverage on Virtus Investment Partners in a report on Tuesday, August 27th. They set an "underweight" rating and a $206.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $236.00.

Virtus Investment Partners Price Performance

Shares of NASDAQ:VRTS traded up $0.05 on Friday, reaching $246.97. 20,415 shares of the company traded hands, compared to its average volume of 30,252. The stock has a market capitalization of $1.73 billion, a PE ratio of 9.89 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The company's 50 day moving average is $222.95 and its 200-day moving average is $220.11. Virtus Investment Partners, Inc. has a fifty-two week low of $190.42 and a fifty-two week high of $263.39.

About Virtus Investment Partners

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.