Asset Management One Co. Ltd. Grows Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Asset Management One Co. Ltd. grew its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 2,902.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,423 shares of the closed-end fund’s stock after buying an additional 3,309 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Virtus Investment Partners were worth $763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its position in shares of Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after acquiring an additional 101 shares in the last quarter. Blue Trust Inc. raised its position in shares of Virtus Investment Partners by 138.3% during the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock valued at $72,000 after acquiring an additional 184 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Virtus Investment Partners during the 4th quarter valued at approximately $75,000. KBC Group NV raised its position in shares of Virtus Investment Partners by 61.2% during the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock valued at $87,000 after acquiring an additional 150 shares in the last quarter. Finally, Point72 DIFC Ltd raised its position in shares of Virtus Investment Partners by 57.2% during the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock valued at $128,000 after acquiring an additional 222 shares in the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

Virtus Investment Partners Price Performance

Shares of NASDAQ VRTS opened at $182.38 on Friday. Virtus Investment Partners, Inc. has a 1-year low of $181.65 and a 1-year high of $263.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The business’s fifty day moving average price is $208.38 and its two-hundred day moving average price is $214.75. The firm has a market capitalization of $1.28 billion, a PE ratio of 10.79 and a beta of 1.47.

Virtus Investment Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Friday, January 31st. Virtus Investment Partners’s dividend payout ratio is presently 53.25%.

Wall Street Analysts Forecast Growth

VRTS has been the topic of several research reports. Morgan Stanley dropped their price target on Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Barclays dropped their price target on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. StockNews.com lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Piper Sandler dropped their price target on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $225.75.

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.