State Street Corp Has $62.24 Million Stock Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

State Street Corp lessened its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 4.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 297,151 shares of the closed-end fund's stock after selling 12,410 shares during the period. State Street Corp owned approximately 4.23% of Virtus Investment Partners worth $62,238,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP boosted its position in shares of Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund's stock valued at $27,000 after purchasing an additional 101 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Virtus Investment Partners by 6,550.0% in the 2nd quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund's stock valued at $33,000 after purchasing an additional 131 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Virtus Investment Partners during the 2nd quarter worth about $42,000. nVerses Capital LLC purchased a new stake in Virtus Investment Partners during the third quarter valued at about $42,000. Finally, Point72 DIFC Ltd boosted its holdings in shares of 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 buying an additional 222 shares during the period. Institutional investors own 80.52% of the company's stock.

Analyst Upgrades and Downgrades

VRTS has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an "underweight" rating in a research report on Friday, October 18th. Piper Sandler increased their target price on Virtus Investment Partners from $264.00 to $274.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Barclays upped their price target on Virtus Investment Partners from $212.00 to $239.00 and gave the company an "underweight" rating in a research report on Monday, December 9th. Finally, StockNews.com raised shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $244.25.

Virtus Investment Partners Stock Down 1.4 %

NASDAQ VRTS traded down $3.04 during trading on Thursday, reaching $217.88. The company's stock had a trading volume of 55,917 shares, compared to its average volume of 42,213. The business has a 50-day moving average price of $232.41 and a 200-day moving average price of $221.11. Virtus Investment Partners, Inc. has a 1-year low of $190.42 and a 1-year high of $263.39. The stock has a market capitalization of $1.53 billion, a PE ratio of 13.24 and a beta of 1.46. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27.

Virtus Investment Partners Dividend Announcement

The firm 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 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Friday, January 31st. Virtus Investment Partners's payout ratio is 54.71%.

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.