Vanguard Group Inc. Acquires 1,833 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Vanguard Group Inc. grew its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 902,739 shares of the closed-end fund's stock after acquiring an additional 1,833 shares during the period. Vanguard Group Inc. owned 12.86% of Virtus Investment Partners worth $199,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of VRTS. Asset Management One Co. Ltd. grew its position in shares of Virtus Investment Partners by 2,902.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 3,423 shares of the closed-end fund's stock worth $763,000 after buying an additional 3,309 shares during the period. Jane Street Group LLC boosted its stake in Virtus Investment Partners by 592.0% in the third quarter. Jane Street Group LLC now owns 9,218 shares of the closed-end fund's stock valued at $1,931,000 after acquiring an additional 7,886 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Virtus Investment Partners by 17.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,818 shares of the closed-end fund's stock worth $1,074,000 after acquiring an additional 733 shares during the period. JPMorgan Chase & Co. raised its position in shares of Virtus Investment Partners by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,386 shares of the closed-end fund's stock valued at $30,451,000 after acquiring an additional 3,651 shares during the last quarter. Finally, Private Client Services LLC acquired a new position in shares of Virtus Investment Partners in the 4th quarter valued at $799,000. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Virtus Investment Partners Stock Performance

NASDAQ VRTS traded up $2.40 on Friday, reaching $150.43. The stock had a trading volume of 60,081 shares, compared to its average volume of 40,408. 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 company has a market cap of $1.04 billion, a P/E ratio of 8.90 and a beta of 1.36. The firm has a fifty day moving average of $176.18 and a two-hundred day moving average of $206.53. Virtus Investment Partners, Inc. has a 1-year low of $144.13 and a 1-year high of $252.82.

Virtus Investment Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's dividend payout ratio (DPR) is presently 53.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VRTS. StockNews.com raised shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Piper Sandler decreased their target price on Virtus Investment Partners from $252.00 to $216.00 and set an "overweight" rating for the company in a research note on Tuesday. TD Cowen dropped their price target on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday. Barclays decreased their price objective on Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating for the company in a research report on Monday, February 3rd. Finally, Morgan Stanley dropped their target price on shares of Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Virtus Investment Partners has a consensus rating of "Hold" and an average price target of $193.00.

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.