Jane Street Group LLC Purchases 7,886 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Jane Street Group LLC lifted its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 592.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,218 shares of the closed-end fund’s stock after buying an additional 7,886 shares during the quarter. Jane Street Group LLC owned about 0.13% of Virtus Investment Partners worth $1,931,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VRTS. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Virtus Investment Partners in the second quarter worth about $6,776,000. AQR Capital Management LLC grew its position in Virtus Investment Partners by 78.1% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the closed-end fund’s stock worth $11,508,000 after buying an additional 22,344 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Virtus Investment Partners by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund’s stock valued at $53,522,000 after acquiring an additional 16,586 shares during the last quarter. Basswood Capital Management L.L.C. increased its position in shares of Virtus Investment Partners by 12.4% in the third quarter. Basswood Capital Management L.L.C. now owns 110,429 shares of the closed-end fund’s stock worth $23,129,000 after purchasing an additional 12,193 shares during the last quarter. Finally, Algert Global LLC grew its stake in Virtus Investment Partners by 57.1% in the 3rd quarter. Algert Global LLC now owns 26,167 shares of the closed-end fund’s stock worth $5,481,000 after buying an additional 9,508 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Piper Sandler increased their price objective on Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Barclays upped their price target on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the company an “underweight” rating in a report on Monday, December 9th. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Finally, Morgan Stanley boosted their price objective on shares of Virtus Investment Partners from $224.00 to $228.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Virtus Investment Partners presently has a consensus rating of “Hold” and an average target price of $247.00.

Virtus Investment Partners Stock Up 1.4 %

NASDAQ:VRTS opened at $223.50 on Wednesday. The firm has a 50-day simple moving average of $233.05 and a two-hundred day simple moving average of $220.95. Virtus Investment Partners, Inc. has a fifty-two week low of $190.42 and a fifty-two week high of $263.39. 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 $1.57 billion, a P/E ratio of 13.59 and a beta of 1.46.

Virtus Investment Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be issued a $2.25 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $9.00 annualized dividend and a yield of 4.03%. Virtus Investment Partners’s payout ratio is 54.71%.

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.