Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 21.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,157 shares of the closed-end fund’s stock after buying an additional 205 shares during the quarter. HighTower Advisors LLC’s holdings in Virtus Investment Partners were worth $242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in Virtus Investment Partners by 3.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the closed-end fund’s stock worth $768,000 after purchasing an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Virtus Investment Partners by 3.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund’s stock valued at $537,000 after buying an additional 73 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Virtus Investment Partners by 2.1% during the second quarter. Panagora Asset Management Inc. now owns 11,859 shares of the closed-end fund’s stock worth $2,678,000 after buying an additional 245 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Virtus Investment Partners during the second quarter worth approximately $164,000. Finally, Versor Investments LP bought a new position in shares of Virtus Investment Partners in the second quarter valued at approximately $429,000. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Price Performance

Shares of VRTS stock opened at $223.50 on Wednesday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 13.59 and a beta of 1.46. Virtus Investment Partners, Inc. has a 12 month low of $190.42 and a 12 month high of $263.39. 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 has a 50-day moving average price of $233.05 and a 200 day moving average price of $220.95.

Virtus Investment Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Friday, January 31st. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 54.71%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VRTS. Barclays raised their price target on Virtus Investment Partners from $212.00 to $239.00 and gave the company an “underweight” rating in a report on Monday, December 9th. Morgan Stanley lifted their price target on Virtus Investment Partners from $224.00 to $228.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Piper Sandler upped their price target on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, StockNews.com raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $247.00.

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.