Millennium Management LLC Has $11.70 Million Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Millennium Management LLC reduced its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,054 shares of the closed-end fund's stock after selling 2,319 shares during the period. Millennium Management LLC owned about 0.76% of Virtus Investment Partners worth $11,703,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of Virtus Investment Partners by 8.4% during 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 acquiring an additional 21,344 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Virtus Investment Partners by 8.7% during the 4th quarter. JPMorgan Chase & Co. now owns 158,028 shares of the closed-end fund's stock valued at $34,858,000 after acquiring an additional 12,642 shares in the last quarter. Northern Trust Corp boosted its position in shares of Virtus Investment Partners by 10.2% during the 4th quarter. Northern Trust Corp now owns 106,104 shares of the closed-end fund's stock valued at $23,404,000 after acquiring an additional 9,793 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Virtus Investment Partners by 33.6% during the 4th quarter. American Century Companies Inc. now owns 81,738 shares of the closed-end fund's stock valued at $18,030,000 after acquiring an additional 20,544 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Virtus Investment Partners by 4.7% during the 4th quarter. Fisher Asset Management LLC now owns 71,600 shares of the closed-end fund's stock valued at $15,794,000 after acquiring an additional 3,224 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VRTS shares. Piper Sandler dropped their price target 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. TD Cowen dropped their price target on shares of Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen raised shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Morgan Stanley boosted their price target on shares of Virtus Investment Partners from $149.00 to $152.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. Finally, Barclays set a $150.00 price target on shares of Virtus Investment Partners and gave the stock an "underweight" rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $167.75.

Virtus Investment Partners Trading Up 3.4%

NASDAQ VRTS traded up $5.71 during trading on Tuesday, reaching $172.67. 33,547 shares of the stock traded hands, compared to its average volume of 40,506. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 10.22 and a beta of 1.47. The stock's 50-day moving average price is $162.84 and its 200 day moving average price is $194.37. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners, Inc. has a fifty-two week low of $142.18 and a fifty-two week high of $252.82.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The closed-end fund reported $5.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.68 by $0.05. The firm had revenue of $217.93 million during 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 previous year, the company earned $5.41 earnings per share. Analysts predict that Virtus Investment Partners, Inc. will post 27.7 EPS for the current year.

Virtus Investment Partners Announces Dividend

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 issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Thursday, July 31st. Virtus Investment Partners's dividend payout ratio (DPR) is presently 53.41%.

Virtus Investment Partners 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.