Virtus Investment Partners, Inc. $VRTS Stake Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 74.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,657 shares of the closed-end fund’s stock after selling 4,755 shares during the quarter. SG Americas Securities LLC’s holdings in Virtus Investment Partners were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Virtus Investment Partners by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock valued at $681,000 after buying an additional 103 shares in the last quarter. Millennium Management LLC increased its position in shares of Virtus Investment Partners by 10.8% in the first quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock worth $10,133,000 after acquiring an additional 5,734 shares in the last quarter. Jane Street Group LLC increased its position in shares of Virtus Investment Partners by 57.4% in the first quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock worth $2,679,000 after acquiring an additional 5,671 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Virtus Investment Partners by 20.8% in the first quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock worth $1,135,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Virtus Investment Partners by 26.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 11,776 shares of the closed-end fund’s stock valued at $2,136,000 after acquiring an additional 2,429 shares during the period. Institutional investors and hedge funds own 80.52% of the company’s stock.

Wall Street Analysts Forecast Growth

VRTS has been the subject of several research analyst reports. Barclays reduced their price target on shares of Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Piper Sandler lowered their price objective on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Morgan Stanley boosted their target price on shares of Virtus Investment Partners from $112.00 to $119.00 and gave the company an “underweight” rating in a research note on Friday, June 26th. Finally, TD Cowen reduced their target price on Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating for the company in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $136.25.

Virtus Investment Partners Stock Up 1.9%

NASDAQ VRTS traded up $3.00 during trading on Friday, reaching $160.34. 111,065 shares of the company’s stock were exchanged, compared to its average volume of 108,452. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners, Inc. has a fifty-two week low of $121.61 and a fifty-two week high of $215.06. The company’s fifty day simple moving average is $144.40 and its 200-day simple moving average is $146.23. The firm has a market capitalization of $1.07 billion, a PE ratio of 9.49 and a beta of 1.38.

Virtus Investment Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, July 31st. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 56.50%.

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.