DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $5.09 Million Stock Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,094 shares of the closed-end fund's stock after selling 3,698 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.33% of Virtus Investment Partners worth $5,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its holdings in shares of Virtus Investment Partners by 2,902.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 3,423 shares of the closed-end fund's stock worth $763,000 after purchasing an additional 3,309 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Virtus Investment Partners by 17.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,818 shares of the closed-end fund's stock worth $1,074,000 after purchasing an additional 733 shares in the last quarter. Barclays PLC grew its holdings in shares of Virtus Investment Partners by 204.9% during the 3rd quarter. Barclays PLC now owns 14,119 shares of the closed-end fund's stock worth $2,957,000 after purchasing an additional 9,488 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Virtus Investment Partners by 8.4% in the 4th 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 in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Virtus Investment Partners in the 4th quarter valued at $353,000. Institutional investors and hedge funds own 80.52% of the company's stock.

Virtus Investment Partners Price Performance

Virtus Investment Partners stock traded down $0.38 on Thursday, reaching $175.86. The company's stock had a trading volume of 46,672 shares, compared to its average volume of 40,353. 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 company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.36 and a beta of 1.47. The business's fifty day moving average price is $163.00 and its 200 day moving average price is $197.70. Virtus Investment Partners, Inc. has a twelve month low of $142.18 and a twelve month high of $252.82.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The closed-end fund reported $5.73 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $0.05. Virtus Investment Partners had a return on equity of 21.56% and a net margin of 13.42%. The company had revenue of $217.93 million for the quarter, compared to analyst estimates of $201.99 million. During the same quarter in the previous year, the firm earned $5.41 earnings per share. Equities analysts expect that Virtus Investment Partners, Inc. will post 27.7 earnings per share for the current fiscal year.

Virtus Investment Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 5.12%. Virtus Investment Partners's dividend payout ratio (DPR) is presently 53.41%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays set a $150.00 price target on Virtus Investment Partners and gave the company an "underweight" rating in a research note on Monday, April 28th. StockNews.com lowered Virtus Investment Partners from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Piper Sandler decreased their price target on Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley boosted their price target on Virtus Investment Partners from $149.00 to $152.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Finally, TD Cowen decreased their price target on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Virtus Investment Partners presently has a consensus rating of "Hold" and an average target price of $167.75.

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.