3,696 Shares in Virtus Investment Partners, Inc. $VRTS Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,696 shares of the closed-end fund’s stock, valued at approximately $702,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Virtus Investment Partners by 14,100.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 142 shares of the closed-end fund’s stock valued at $26,000 after purchasing an additional 141 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Virtus Investment Partners during the second quarter worth $26,000. ST Germain D J Co. Inc. purchased a new position in Virtus Investment Partners in the second quarter valued at $31,000. Osaic Holdings Inc. increased its holdings in Virtus Investment Partners by 90.4% in the second quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock valued at $57,000 after buying an additional 150 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Virtus Investment Partners by 226.4% in the second quarter. Nisa Investment Advisors LLC now owns 359 shares of the closed-end fund’s stock valued at $65,000 after buying an additional 249 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Stock Performance

Shares of VRTS opened at $167.55 on Thursday. The company’s 50 day simple moving average is $163.96 and its 200-day simple moving average is $180.95. The firm has a market cap of $1.13 billion, a PE ratio of 9.91 and a beta of 1.47. Virtus Investment Partners, Inc. has a 12-month low of $142.18 and a 12-month high of $215.28. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Saturday, January 31st will be paid a $2.40 dividend. The ex-dividend date is Friday, January 30th. This represents a $9.60 dividend on an annualized basis and a yield of 5.7%. Virtus Investment Partners’s payout ratio is currently 49.28%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Piper Sandler dropped their price objective on Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating on the stock in a report on Tuesday, December 23rd. Zacks Research raised Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. TD Cowen cut their price objective on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a report on Wednesday, January 14th. Morgan Stanley reduced their price objective on shares of Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Finally, Barclays increased their target price on shares of Virtus Investment Partners from $158.00 to $166.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Virtus Investment Partners has a consensus rating of “Reduce” and an average price target of $181.25.

Virtus Investment Partners Company Profile

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.