New York State Teachers Retirement System Has $1.19 Million Stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

New York State Teachers Retirement System trimmed its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,403 shares of the closed-end fund’s stock after selling 656 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Virtus Investment Partners worth $1,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Virtus Investment Partners by 6.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund’s stock valued at $53,522,000 after buying an additional 16,586 shares during the period. Geode Capital Management LLC grew its position in Virtus Investment Partners by 0.5% during the third quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund’s stock worth $31,702,000 after buying an additional 821 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Virtus Investment Partners by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 145,386 shares of the closed-end fund’s stock worth $30,451,000 after purchasing an additional 3,651 shares during the last quarter. WCM Investment Management LLC lifted its stake in Virtus Investment Partners by 4.0% during the third quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund’s stock worth $23,670,000 after purchasing an additional 4,359 shares during the last quarter. Finally, Basswood Capital Management L.L.C. boosted its holdings in shares of Virtus Investment Partners by 12.4% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 110,429 shares of the closed-end fund’s stock valued at $23,129,000 after acquiring an additional 12,193 shares in the last quarter. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Stock Down 1.3 %

VRTS opened at $179.99 on Monday. The stock has a market cap of $1.26 billion, a PE ratio of 10.65 and a beta of 1.47. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners, Inc. has a 52 week low of $179.40 and a 52 week high of $263.39. The business’s fifty day simple moving average is $207.15 and its 200 day simple moving average is $214.91.

Virtus Investment Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $9.00 dividend on an annualized basis and a yield of 5.00%. Virtus Investment Partners’s dividend payout ratio is currently 53.25%.

Wall Street Analyst Weigh In

Several research analysts have commented on VRTS shares. Piper Sandler cut their target price on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Morgan Stanley decreased their target price on Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. StockNews.com lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Barclays decreased their price objective on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $225.75.

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.