Virtus Investment Partners, Inc. $VRTS Stock Position Lessened by CenterBook Partners LP

CenterBook Partners LP trimmed its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 55.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,248 shares of the closed-end fund’s stock after selling 7,806 shares during the period. CenterBook Partners LP’s holdings in Virtus Investment Partners were worth $1,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Virtus Investment Partners by 24.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock valued at $81,000 after purchasing an additional 97 shares in the last quarter. New York State Teachers Retirement System increased its stake in Virtus Investment Partners by 1.9% during the 4th quarter. New York State Teachers Retirement System now owns 5,401 shares of the closed-end fund’s stock valued at $881,000 after buying an additional 100 shares during the period. Swiss National Bank raised its position in shares of Virtus Investment Partners by 0.8% during the 3rd quarter. Swiss National Bank now owns 12,700 shares of the closed-end fund’s stock worth $2,413,000 after buying an additional 100 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Virtus Investment Partners by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock worth $681,000 after buying an additional 103 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after acquiring an additional 150 shares during the period. 80.52% of the stock is currently owned by institutional investors.

Virtus Investment Partners Stock Performance

Shares of NASDAQ VRTS opened at $141.02 on Thursday. The stock has a fifty day moving average price of $140.60 and a two-hundred day moving average price of $148.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The firm has a market cap of $942.28 million, a P/E ratio of 8.34 and a beta of 1.38. Virtus Investment Partners, Inc. has a 1 year low of $121.61 and a 1 year high of $215.06.

Virtus Investment Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, July 31st. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 56.50%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. TD Cowen decreased their price objective on shares of Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating for the company in a report on Monday, May 4th. Piper Sandler dropped their target price on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Barclays cut their target price on Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Finally, Morgan Stanley decreased their price target on Virtus Investment Partners from $128.00 to $112.00 and set an “underweight” rating for the company in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Virtus Investment Partners has an average rating of “Reduce” and a consensus target price of $134.50.

About Virtus Investment Partners

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.