JPMorgan Chase & Co. Has $30.45 Million Stock Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

JPMorgan Chase & Co. boosted its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,386 shares of the closed-end fund's stock after purchasing an additional 3,651 shares during the quarter. JPMorgan Chase & Co. owned about 2.07% of Virtus Investment Partners worth $30,451,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VRTS. Los Angeles Capital Management LLC raised its position in Virtus Investment Partners by 2.3% in the second quarter. Los Angeles Capital Management LLC now owns 3,717 shares of the closed-end fund's stock worth $839,000 after acquiring an additional 85 shares in the last quarter. Choreo LLC purchased a new stake in shares of Virtus Investment Partners during the second quarter worth about $479,000. Dimensional Fund Advisors LP lifted its stake in shares of Virtus Investment Partners by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 328,067 shares of the closed-end fund's stock worth $74,092,000 after purchasing an additional 8,393 shares during the period. Hsbc Holdings PLC boosted its stake in Virtus Investment Partners by 7.2% in the 2nd quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund's stock worth $412,000 after buying an additional 124 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Virtus Investment Partners by 124.4% in the second quarter. XTX Topco Ltd now owns 2,753 shares of the closed-end fund's stock valued at $622,000 after purchasing an additional 1,526 shares during the period. Institutional investors and hedge funds own 80.52% of the company's stock.

Virtus Investment Partners Stock Up 0.0 %

Shares of VRTS stock traded up $0.02 on Wednesday, hitting $214.48. The company's stock had a trading volume of 21,444 shares, compared to its average volume of 34,789. Virtus Investment Partners, Inc. has a fifty-two week low of $190.42 and a fifty-two week high of $263.39. 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 firm's fifty day moving average price is $233.43 and its 200-day moving average price is $221.23. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.04 and a beta of 1.48.

Virtus Investment Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Friday, January 31st. Virtus Investment Partners's dividend payout ratio is 54.71%.

Analysts Set New Price Targets

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

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.