6,988 Shares in Virtus Investment Partners, Inc. (NASDAQ:VRTS) Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,988 shares of the closed-end fund's stock, valued at approximately $1,204,000. Transcend Capital Advisors LLC owned approximately 0.10% of Virtus Investment Partners as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB boosted its stake in shares of Virtus Investment Partners by 8.3% during the 4th quarter. Handelsbanken Fonder AB now owns 1,300 shares of the closed-end fund's stock worth $287,000 after acquiring an additional 100 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Virtus Investment Partners by 170.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock worth $44,000 after acquiring an additional 126 shares during the last quarter. Man Group plc grew its stake in shares of Virtus Investment Partners by 0.5% in the 4th quarter. Man Group plc now owns 29,390 shares of the closed-end fund's stock valued at $6,483,000 after buying an additional 146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Virtus Investment Partners by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,849 shares of the closed-end fund's stock worth $849,000 after purchasing an additional 152 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Virtus Investment Partners by 4.5% in the fourth quarter. Vident Advisory LLC now owns 4,057 shares of the closed-end fund's stock worth $895,000 after buying an additional 175 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors.

Virtus Investment Partners Trading Up 4.0%

VRTS traded up $7.30 during trading on Tuesday, reaching $188.70. 122,405 shares of the company's stock were exchanged, compared to its average volume of 49,090. The firm has a fifty day moving average price of $169.74 and a two-hundred day moving average price of $182.38. The stock has a market capitalization of $1.30 billion, a PE ratio of 11.23 and a beta of 1.45. Virtus Investment Partners, Inc. has a one year low of $142.18 and a one year 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.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The closed-end fund reported $5.73 EPS for the quarter, beating analysts' consensus estimates of $5.68 by $0.05. The business had revenue of $217.93 million for the quarter, compared to analysts' expectations of $201.99 million. Virtus Investment Partners had a net margin of 13.42% and a return on equity of 21.56%. During the same quarter in the prior year, the firm posted $5.41 earnings per share. As a group, equities research analysts forecast that Virtus Investment Partners, Inc. will post 27.7 earnings per share for the current fiscal year.

Virtus Investment Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a $2.25 dividend. The ex-dividend date is Thursday, July 31st. This represents a $9.00 annualized dividend and a dividend yield of 4.77%. Virtus Investment Partners's payout ratio is 53.41%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. TD Cowen reduced their target price on shares of 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. Morgan Stanley lifted their price objective on Virtus Investment Partners from $149.00 to $152.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. Barclays set a $150.00 price objective on Virtus Investment Partners and gave the stock an "underweight" rating in a report on Monday, April 28th. Finally, Piper Sandler reduced their price target on Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.