Asset Management One Co. Ltd. raised its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 2,902.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,423 shares of the closed-end fund's stock after buying an additional 3,309 shares during the period. Asset Management One Co. Ltd.'s holdings in Virtus Investment Partners were worth $763,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake 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 worth $53,522,000 after purchasing an additional 16,586 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Virtus Investment Partners by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund's stock worth $31,702,000 after purchasing an additional 821 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Virtus Investment Partners by 2.6% during the 3rd 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 increased its stake in shares of Virtus Investment Partners by 4.0% during the 3rd 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. increased its stake 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 worth $23,129,000 after purchasing an additional 12,193 shares during the last quarter. Hedge funds and other institutional investors own 80.52% of the company's stock.
NASDAQ:VRTS traded down $2.30 during trading hours on Friday, hitting $179.99. The stock had a trading volume of 42,034 shares, compared to its average volume of 38,195. The company has a 50 day simple moving average of $207.15 and a two-hundred day simple moving average of $214.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. Virtus Investment Partners, Inc. has a one year low of $179.40 and a one year high of $263.39. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.65 and a beta of 1.47.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Friday, January 31st. Virtus Investment Partners's payout ratio is 53.25%.
VRTS has been the subject of several analyst reports. StockNews.com downgraded shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Morgan Stanley cut their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. Barclays cut their price objective on shares of Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler cut their price objective on shares of Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $225.75.
Get Our Latest Analysis on 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.
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