Virtus Investment Partners, Inc. $VRTS Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 837,779 shares of the closed-end fund’s stock after selling 8,736 shares during the quarter. Vanguard Group Inc. owned about 12.40% of Virtus Investment Partners worth $136,684,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. NBT Bank N A NY boosted its holdings in shares of Virtus Investment Partners by 1,483.3% in the third quarter. NBT Bank N A NY now owns 190 shares of the closed-end fund’s stock valued at $36,000 after acquiring an additional 178 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Virtus Investment Partners during the 2nd quarter worth approximately $147,000. Oxford Asset Management LLP acquired a new position in Virtus Investment Partners during the 2nd quarter worth approximately $217,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Virtus Investment Partners during the 4th quarter worth approximately $257,000. 80.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRTS has been the topic of a number of analyst reports. Zacks Research upgraded Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen lowered their price target on shares of Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Barclays reduced their price objective on shares of Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating for the company in a research note on Monday, May 4th. Piper Sandler lowered their target price on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Finally, Morgan Stanley reduced their price target on shares of Virtus Investment Partners from $155.00 to $125.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Virtus Investment Partners has a consensus rating of “Reduce” and a consensus price target of $137.75.

Insider Transactions at Virtus Investment Partners

In related news, Director W Howard Morris bought 2,150 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $129.34 per share, for a total transaction of $278,081.00. Following the acquisition, the director owned 2,000 shares in the company, valued at $258,680. This represents a -1,433.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.40% of the company’s stock.

Virtus Investment Partners Stock Performance

NASDAQ:VRTS opened at $142.66 on Tuesday. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $953.27 million, a P/E ratio of 8.44 and a beta of 1.41. The firm has a 50-day moving average price of $136.07 and a two-hundred day moving average price of $151.74. Virtus Investment Partners, Inc. has a twelve month low of $121.61 and a twelve month high of $215.06.

Virtus Investment Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Thursday, April 30th will be given a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Thursday, April 30th. Virtus Investment Partners’s payout ratio is currently 56.50%.

Virtus Investment Partners 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.