1,698 Shares in Virtus Investment Partners, Inc. (NASDAQ:VRTS) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,698 shares of the closed-end fund's stock, valued at approximately $375,000.

Other institutional investors have also modified their holdings of the company. Quarry LP increased its position in Virtus Investment Partners by 388.5% during the third quarter. Quarry LP now owns 127 shares of the closed-end fund's stock worth $27,000 after purchasing an additional 101 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter worth approximately $42,000. nVerses Capital LLC purchased a new stake in shares of Virtus Investment Partners during the 3rd quarter valued at approximately $42,000. Blue Trust Inc. lifted its holdings in Virtus Investment Partners by 138.3% in the third quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund's stock valued at $72,000 after acquiring an additional 184 shares during the last quarter. Finally, Point72 DIFC Ltd grew its position in Virtus Investment Partners by 57.2% in the third quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund's stock worth $128,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 80.52% of the company's stock.

Analyst Ratings Changes

VRTS has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a research report on Thursday. Barclays decreased their target price on shares of Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating on the stock in a research report on Monday. Piper Sandler dropped their price target on shares of Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com lowered shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Virtus Investment Partners currently has a consensus rating of "Hold" and an average price target of $225.75.

Virtus Investment Partners Trading Down 1.4 %

NASDAQ VRTS traded down $2.73 during trading on Friday, hitting $188.54. The stock had a trading volume of 25,139 shares, compared to its average volume of 37,238. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.32 billion, a PE ratio of 11.16 and a beta of 1.47. The firm has a 50 day moving average price of $220.56 and a 200 day moving average price of $217.88. Virtus Investment Partners, Inc. has a twelve month low of $188.06 and a twelve month high of $263.39.

Virtus Investment Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Friday, January 31st. Virtus Investment Partners's dividend payout ratio (DPR) is currently 53.25%.

Virtus Investment Partners Company 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.