ExodusPoint Capital Management LP Purchases 8,960 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

ExodusPoint Capital Management LP lifted its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 322.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,736 shares of the closed-end fund's stock after acquiring an additional 8,960 shares during the period. ExodusPoint Capital Management LP owned approximately 0.17% of Virtus Investment Partners worth $2,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP increased its holdings in Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund's stock worth $27,000 after purchasing an additional 101 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 worth $44,000 after buying an additional 126 shares during the period. R Squared Ltd bought a new position in shares of Virtus Investment Partners during the fourth quarter worth about $75,000. KBC Group NV lifted its stake 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 acquiring an additional 150 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its stake in Virtus Investment Partners by 57.2% in the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund's stock valued at $128,000 after acquiring an additional 222 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VRTS has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. StockNews.com raised Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. TD Cowen decreased their price target on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday. Barclays decreased 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 note on Monday, February 3rd. Finally, Piper Sandler cut their price target on shares of Virtus Investment Partners from $252.00 to $216.00 and set an "overweight" rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $193.00.

Virtus Investment Partners Stock Performance

Shares of VRTS stock traded up $2.40 during trading on Friday, reaching $150.43. 60,081 shares of the company's stock were exchanged, compared to its average volume of 40,408. The firm's fifty day moving average price is $175.29 and its 200-day moving average price is $206.16. Virtus Investment Partners, Inc. has a twelve month low of $144.13 and a twelve month high of $252.82. The stock has a market capitalization of $1.04 billion, a PE ratio of 8.90 and a beta of 1.36. 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's payout ratio is presently 53.25%.

Virtus Investment Partners Profile

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.