Private Client Services LLC acquired a new position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,622 shares of the closed-end fund's stock, valued at approximately $799,000. Private Client Services LLC owned about 0.05% of Virtus Investment Partners as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in VRTS. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter worth $6,776,000. AQR Capital Management LLC increased its stake in Virtus Investment Partners by 78.1% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the closed-end fund's stock worth $11,508,000 after acquiring an additional 22,344 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $53,522,000 after purchasing an additional 16,586 shares during the period. Basswood Capital Management L.L.C. lifted its stake in shares of Virtus Investment Partners by 12.4% in the 3rd 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 in the last quarter. Finally, Algert Global LLC grew its holdings in shares of Virtus Investment Partners by 57.1% during the 3rd 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 during the period. Hedge funds and other institutional investors own 80.52% of the company's stock.
Virtus Investment Partners Stock Up 0.0 %
Shares of NASDAQ VRTS traded up $0.02 during trading on Wednesday, reaching $214.48. 21,444 shares of the stock were exchanged, compared to its average volume of 34,789. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.04 and a beta of 1.48. The business's 50-day moving average price is $233.43 and its 200 day moving average price is $221.23. 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, Inc. has a twelve month low of $190.42 and a twelve month high of $263.39.
Virtus Investment Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st will be issued a $2.25 dividend. The ex-dividend date is Friday, January 31st. This represents a $9.00 dividend on an annualized basis and a yield of 4.20%. Virtus Investment Partners's dividend payout ratio is currently 54.71%.
Wall Street Analyst Weigh In
Several research firms recently commented on VRTS. Barclays raised their price target on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the company an "underweight" rating in a report on Monday, December 9th. Morgan Stanley raised their target price 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. Piper Sandler upped their price target on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Finally, StockNews.com raised Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $247.00.
Get Our Latest Stock Report on VRTS
About Virtus Investment Partners
(
Free Report)
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.
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