Asset Management One Co. Ltd. Has $127,000 Stock Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Asset Management One Co. Ltd. trimmed its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 78.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 737 shares of the closed-end fund's stock after selling 2,686 shares during the period. Asset Management One Co. Ltd.'s holdings in Virtus Investment Partners were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Handelsbanken Fonder AB raised its position in Virtus Investment Partners by 8.3% during the fourth quarter. Handelsbanken Fonder AB now owns 1,300 shares of the closed-end fund's stock valued at $287,000 after buying an additional 100 shares during the period. Smartleaf Asset Management LLC increased its position in Virtus Investment Partners by 170.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock worth $44,000 after purchasing an additional 126 shares during the last quarter. Man Group plc increased its position in 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 worth $6,483,000 after purchasing an additional 146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Virtus Investment Partners by 4.1% in 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 increased its position in Virtus Investment Partners by 4.5% in the 4th quarter. Vident Advisory LLC now owns 4,057 shares of the closed-end fund's stock worth $895,000 after purchasing an additional 175 shares during the last quarter. 80.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRTS has been the topic of several research reports. Morgan Stanley upped their target price on Virtus Investment Partners from $149.00 to $152.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. Barclays set a $150.00 target price on Virtus Investment Partners and gave the stock an "underweight" rating in a research report on Monday, April 28th. Piper Sandler dropped their target price 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. Wall Street Zen raised Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. Finally, TD Cowen dropped their target price on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $167.75.

Virtus Investment Partners Stock Performance

VRTS opened at $182.10 on Tuesday. The company has a market cap of $1.26 billion, a PE ratio of 10.78 and a beta of 1.45. The stock has a 50-day moving average of $169.74 and a 200-day moving average of $182.38. Virtus Investment Partners, Inc. has a 52-week low of $142.18 and a 52-week high of $252.82. 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 released its quarterly earnings results on Friday, April 25th. The closed-end fund reported $5.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $0.05. The company had revenue of $217.93 million during the quarter, compared to the consensus estimate of $201.99 million. Virtus Investment Partners had a return on equity of 21.56% and a net margin of 13.42%. During the same quarter in the prior year, the company posted $5.41 EPS. 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 Dividend Announcement

The business 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. The ex-dividend date is Thursday, July 31st. This represents a $9.00 annualized dividend and a dividend yield of 4.94%. Virtus Investment Partners's dividend payout ratio (DPR) is presently 53.41%.

About Virtus Investment Partners

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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