XTX Topco Ltd Acquires 1,442 Shares of Virtus Investment Partners, Inc. $VRTS

XTX Topco Ltd lifted its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 25.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,030 shares of the closed-end fund’s stock after buying an additional 1,442 shares during the quarter. XTX Topco Ltd’s holdings in Virtus Investment Partners were worth $1,275,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Virtus Investment Partners by 5.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,668 shares of the closed-end fund’s stock valued at $303,000 after buying an additional 89 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Virtus Investment Partners by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock valued at $681,000 after purchasing an additional 103 shares during the period. Hilltop National Bank bought a new stake in shares of Virtus Investment Partners in the second quarter valued at about $26,000. Farther Finance Advisors LLC boosted its position in shares of Virtus Investment Partners by 14,100.0% during the second quarter. Farther Finance Advisors LLC now owns 142 shares of the closed-end fund’s stock worth $26,000 after buying an additional 141 shares during the period. Finally, ST Germain D J Co. Inc. bought a new position in shares of Virtus Investment Partners during the second quarter worth about $31,000. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays cut their target price on Virtus Investment Partners from $190.00 to $175.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 21st. Morgan Stanley increased their target price on shares of Virtus Investment Partners from $170.00 to $173.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Finally, TD Cowen lowered their price target on shares of Virtus Investment Partners from $196.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $190.50.

Virtus Investment Partners Stock Performance

Shares of VRTS stock opened at $159.59 on Friday. The business’s 50-day moving average price is $174.06 and its 200-day moving average price is $183.91. Virtus Investment Partners, Inc. has a 12 month low of $142.18 and a 12 month high of $252.82. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.44 and a beta of 1.49.

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.