Teacher Retirement System of Texas Raises Stock Position in Virtus Investment Partners, Inc. $VRTS

Teacher Retirement System of Texas raised its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 2,043.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,059 shares of the closed-end fund’s stock after purchasing an additional 24,843 shares during the quarter. Teacher Retirement System of Texas’ holdings in Virtus Investment Partners were worth $4,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Virtus Investment Partners in the second quarter worth approximately $330,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Virtus Investment Partners in the 2nd quarter valued at $450,000. Farther Finance Advisors LLC grew its holdings in shares of Virtus Investment Partners by 14,100.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 142 shares of the closed-end fund’s stock worth $26,000 after purchasing an additional 141 shares during the period. Villanova Investment Management Co LLC grew its holdings in shares of Virtus Investment Partners by 167.2% during the 2nd quarter. Villanova Investment Management Co LLC now owns 10,516 shares of the closed-end fund’s stock worth $1,908,000 after purchasing an additional 6,580 shares during the period. Finally, Brown Advisory Inc. increased its position in shares of Virtus Investment Partners by 21.6% during the 2nd quarter. Brown Advisory Inc. now owns 101,954 shares of the closed-end fund’s stock worth $18,494,000 after purchasing an additional 18,143 shares during the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VRTS. Piper Sandler lowered their target price on shares of Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating for the company in a research note on Tuesday, December 23rd. Barclays boosted their price objective on Virtus Investment Partners from $158.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Morgan Stanley reduced their target price on shares of Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Zacks Research raised Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Finally, TD Cowen dropped their price objective on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $181.25.

Virtus Investment Partners Stock Performance

Shares of VRTS stock opened at $169.26 on Wednesday. The stock has a market capitalization of $1.14 billion, a PE ratio of 10.02 and a beta of 1.47. 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 stock’s 50-day moving average price is $164.68 and its 200 day moving average price is $179.93. Virtus Investment Partners, Inc. has a 52-week low of $142.18 and a 52-week high of $215.28.

Virtus Investment Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Saturday, January 31st will be paid a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $9.60 dividend on an annualized basis and a dividend yield of 5.7%. Virtus Investment Partners’s dividend payout ratio is 49.28%.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.