Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,600 shares of the closed-end fund's stock after buying an additional 3,224 shares during the period. Fisher Asset Management LLC owned about 1.02% of Virtus Investment Partners worth $15,794,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Virtus Investment Partners by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund's stock worth $53,522,000 after acquiring an additional 16,586 shares in the last quarter. Basswood Capital Management L.L.C. increased its stake in Virtus Investment Partners by 12.4% in the third quarter. Basswood Capital Management L.L.C. now owns 110,429 shares of the closed-end fund's stock valued at $23,129,000 after purchasing an additional 12,193 shares during the last quarter. Algert Global LLC raised its holdings in Virtus Investment Partners by 57.1% during the third quarter. Algert Global LLC now owns 26,167 shares of the closed-end fund's stock worth $5,481,000 after purchasing an additional 9,508 shares in the last quarter. Barclays PLC lifted its position in shares of Virtus Investment Partners by 204.9% during the 3rd quarter. Barclays PLC now owns 14,119 shares of the closed-end fund's stock worth $2,957,000 after buying an additional 9,488 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Virtus Investment Partners by 592.0% in the 3rd quarter. Jane Street Group LLC now owns 9,218 shares of the closed-end fund's stock valued at $1,931,000 after buying an additional 7,886 shares in the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.

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Virtus Investment Partners Stock Performance

Virtus Investment Partners stock traded up $1.14 during mid-day trading on Friday, reaching $182.37. 34,697 shares of the company were exchanged, compared to its average volume of 39,089. The firm's 50-day simple moving average is $199.32 and its two-hundred day simple moving average is $213.52. Virtus Investment Partners, Inc. has a twelve month low of $175.01 and a twelve month high of $263.39. The firm has a market cap of $1.28 billion, a PE ratio of 10.79 and a beta of 1.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86.

Virtus Investment Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's dividend payout ratio is presently 53.25%.

Analysts Set New Price Targets

VRTS has been the topic of several research analyst reports. Morgan Stanley cut their price target on shares of Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday. Barclays reduced their target price on Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler cut their price target on Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $225.75.

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.