Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 17.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,036 shares of the closed-end fund’s stock after purchasing an additional 1,375 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of Virtus Investment Partners worth $1,993,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Virtus Investment Partners by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,880 shares of the closed-end fund’s stock valued at $61,074,000 after buying an additional 21,344 shares during the period. Basswood Capital Management L.L.C. grew its position 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 during the period. Barclays PLC increased its stake in shares of Virtus Investment Partners by 204.9% in the 3rd quarter. Barclays PLC now owns 14,119 shares of the closed-end fund’s stock valued at $2,957,000 after purchasing an additional 9,488 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Virtus Investment Partners by 592.0% in the 3rd quarter. Jane Street Group LLC now owns 9,218 shares of the closed-end fund’s stock valued at $1,931,000 after purchasing an additional 7,886 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Virtus Investment Partners in the 3rd quarter worth about $1,137,000. 80.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on VRTS shares. Barclays cut their price objective on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. StockNews.com upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Piper Sandler dropped their target price on shares of 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. Finally, Morgan Stanley reduced their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $225.75.

Virtus Investment Partners Trading Up 0.1 %

Shares of VRTS stock opened at $174.94 on Friday. Virtus Investment Partners, Inc. has a fifty-two week low of $167.13 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 stock’s fifty day moving average is $187.58 and its two-hundred day moving average is $210.12. The firm has a market capitalization of $1.22 billion, a P/E ratio of 10.35 and a beta of 1.49.

Virtus Investment Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a yield of 5.14%. Virtus Investment Partners’s payout ratio is presently 53.25%.

Virtus Investment Partners 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.