Thrivent Financial for Lutherans Has $1.10 Million Stock Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Thrivent Financial for Lutherans decreased its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 6.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,227 shares of the closed-end fund’s stock after selling 335 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Virtus Investment Partners worth $1,095,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Virtus Investment Partners in the second quarter worth about $6,776,000. AQR Capital Management LLC boosted its stake in Virtus Investment Partners by 78.1% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the closed-end fund’s stock worth $11,508,000 after purchasing an additional 22,344 shares during the period. SG Americas Securities LLC purchased a new position in Virtus Investment Partners during the 2nd quarter worth approximately $2,553,000. Dimensional Fund Advisors LP raised its stake in Virtus Investment Partners by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 328,067 shares of the closed-end fund’s stock valued at $74,092,000 after purchasing an additional 8,393 shares during the period. Finally, Algert Global LLC lifted its holdings in shares of Virtus Investment Partners by 99.0% in the second quarter. Algert Global LLC now owns 16,659 shares of the closed-end fund’s stock valued at $3,762,000 after purchasing an additional 8,288 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Trading Up 0.0 %

Shares of NASDAQ VRTS opened at $246.97 on Monday. The business has a 50 day simple moving average of $222.95 and a 200 day simple moving average of $220.01. Virtus Investment Partners, Inc. has a 52 week low of $190.42 and a 52 week high of $263.39. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 15.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VRTS shares. Morgan Stanley lifted their price target on Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a report on Friday, October 18th. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Piper Sandler raised their price target on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Barclays started coverage on shares of Virtus Investment Partners in a research note on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $236.00.

About Virtus Investment Partners

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.