Sei Investments Co. Has $4.16 Million Holdings in Virtus Investment Partners, Inc. $VRTS

Key Points

• Sei Investments Co. increased its Virtus Investment Partners stake by 135.4% in the first quarter, bringing its holdings to 30,963 shares worth approximately $4.16 million. Institutional investors collectively own 80.52% of VRTS.
• Virtus shares opened at $163.90, while the company announced a quarterly dividend of $2.40 per share, equivalent to a 5.9% annualized yield.
• Wall Street’s outlook remains cautious: analysts assign VRTS a consensus “Reduce” rating and an average price target of $145.50, below the reported share price. Separately, EVP Michael A. Angerthal sold 14,975 shares valued at about $2.51 million.

Sei Investments Co. raised its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 135.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,963 shares of the closed-end fund's stock after purchasing an additional 17,811 shares during the period. Sei Investments Co. owned approximately 0.46% of Virtus Investment Partners worth $4,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VRTS. International Assets Investment Management LLC acquired a new position in shares of Virtus Investment Partners during the first quarter valued at about $26,000. Assetmark Inc. bought a new position in Virtus Investment Partners during the first quarter valued at about $36,000. Aster Capital Management DIFC Ltd increased its stake in Virtus Investment Partners by 269.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund's stock valued at $50,000 after acquiring an additional 224 shares during the period. Osaic Holdings Inc. raised its holdings in Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund's stock valued at $57,000 after acquiring an additional 150 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Virtus Investment Partners by 24.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund's stock valued at $81,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 80.52% of the company's stock.

Insider Activity at Virtus Investment Partners

In related news, EVP Michael A. Angerthal sold 14,975 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $167.34, for a total value of $2,505,916.50. Following the sale, the executive vice president owned 63,461 shares of the company's stock, valued at $10,619,563.74. The trade was a 19.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.40% of the stock is owned by company insiders.

Virtus Investment Partners Stock Up 1.3%

Shares of VRTS opened at $163.90 on Friday. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $153.21 and a two-hundred day moving average price of $145.73. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 9.70 and a beta of 1.37. Virtus Investment Partners, Inc. has a 12 month low of $121.61 and a 12 month high of $203.61.

Virtus Investment Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, July 31st. Virtus Investment Partners's dividend payout ratio (DPR) is 54.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VRTS. Morgan Stanley reissued an "underweight" rating and set a $130.00 price objective on shares of Virtus Investment Partners in a report on Wednesday, July 29th. Piper Sandler cut their target price on Virtus Investment Partners from $181.00 to $170.00 and set an "overweight" rating for the company in a research note on Monday, May 4th. Barclays reduced their target price on Virtus Investment Partners from $141.00 to $135.00 and set an "underweight" rating for the company in a research report on Friday, July 31st. Finally, TD Cowen lifted their price target on shares of Virtus Investment Partners from $136.00 to $147.00 and gave the stock a "hold" rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Virtus Investment Partners presently has a consensus rating of "Reduce" and an average target price of $145.50.

About Virtus Investment Partners

Virtus Investment Partners NASDAQ: VRTS is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company's product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.

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