DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 0.33% of Virtus Investment Partners worth $5,094,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its stake in Virtus Investment Partners by 170.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock valued at $44,000 after purchasing an additional 126 shares during the last quarter. R Squared Ltd bought a new position in shares of Virtus Investment Partners in the fourth quarter valued at $75,000. KBC Group NV increased its holdings in shares of Virtus Investment Partners by 61.2% in the fourth quarter. KBC Group NV now owns 395 shares of the closed-end fund's stock valued at $87,000 after buying an additional 150 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Virtus Investment Partners during the 4th quarter worth $203,000. Finally, Trexquant Investment LP acquired a new position in shares of Virtus Investment Partners in the 4th quarter worth $209,000. 80.52% of the stock is owned by institutional investors and hedge funds.
Virtus Investment Partners Stock Up 4.7%
Shares of VRTS stock traded up $7.85 during trading on Monday, hitting $173.07. 54,334 shares of the company were exchanged, compared to its average volume of 40,153. The business's 50-day simple moving average is $163.18 and its 200 day simple moving average is $197.99. Virtus Investment Partners, Inc. has a twelve month low of $142.18 and a twelve month high of $252.82. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.24 and a beta of 1.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86.
Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The closed-end fund reported $5.73 EPS for the quarter, beating the consensus estimate of $5.68 by $0.05. Virtus Investment Partners had a net margin of 13.42% and a return on equity of 21.56%. The business had revenue of $217.93 million for the quarter, compared to analysts' expectations of $201.99 million. During the same period in the previous year, the company posted $5.41 EPS. As a group, analysts forecast that Virtus Investment Partners, Inc. will post 27.7 EPS for the current fiscal year.
Virtus Investment Partners Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, April 30th. This represents a $9.00 annualized dividend and a dividend yield of 5.20%. Virtus Investment Partners's dividend payout ratio (DPR) is 53.41%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. StockNews.com lowered Virtus Investment Partners from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. TD Cowen decreased their target price on shares of Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Barclays set a $150.00 price target on shares of Virtus Investment Partners and gave the company an "underweight" rating in a report on Monday, April 28th. Piper Sandler decreased their price objective on shares of Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Morgan Stanley boosted their target price on shares of Virtus Investment Partners from $149.00 to $152.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $167.75.
Read Our Latest Stock Analysis on VRTS
About Virtus Investment Partners
(
Free Report)
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.
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