Jane Street Group LLC Increases Stock Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Jane Street Group LLC grew its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 592.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,218 shares of the closed-end fund's stock after buying an additional 7,886 shares during the period. Jane Street Group LLC owned 0.13% of Virtus Investment Partners worth $1,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Virtus Investment Partners by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 328,067 shares of the closed-end fund's stock worth $74,092,000 after buying an additional 8,393 shares during the period. Charles Schwab Investment Management Inc. grew its position in Virtus Investment Partners by 6.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund's stock valued at $53,522,000 after acquiring an additional 16,586 shares in the last quarter. WCM Investment Management LLC increased its stake in Virtus Investment Partners by 4.0% during the third quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund's stock worth $23,670,000 after purchasing an additional 4,359 shares during the period. Basswood Capital Management L.L.C. lifted its position in shares of Virtus Investment Partners by 12.4% during the third quarter. Basswood Capital Management L.L.C. now owns 110,429 shares of the closed-end fund's stock worth $23,129,000 after purchasing an additional 12,193 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Virtus Investment Partners by 1.0% in the third quarter. Victory Capital Management Inc. now owns 98,626 shares of the closed-end fund's stock valued at $20,657,000 after purchasing an additional 947 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the stock an "underweight" rating in a research note on Monday, December 9th. StockNews.com raised Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, December 16th. Morgan Stanley increased their price target on Virtus Investment Partners from $224.00 to $228.00 and gave the company an "underweight" rating in a research report on Friday, December 20th. Finally, Piper Sandler boosted their price objective on Virtus Investment Partners from $264.00 to $274.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $247.00.

Virtus Investment Partners Stock Up 1.4 %

Shares of NASDAQ:VRTS traded up $3.12 on Wednesday, hitting $223.50. 14,165 shares of the company's stock were exchanged, compared to its average volume of 42,722. Virtus Investment Partners, Inc. has a 1-year low of $190.42 and a 1-year high of $263.39. The company has a market capitalization of $1.57 billion, a PE ratio of 13.59 and a beta of 1.46. 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 firm's 50-day moving average is $233.17 and its 200 day moving average is $220.97.

Virtus Investment Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $9.00 annualized dividend and a yield of 4.03%. Virtus Investment Partners's dividend payout ratio is currently 54.71%.

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.