D. E. Shaw & Co. Inc. Purchases 2,357 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

D. E. Shaw & Co. Inc. raised its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,802 shares of the closed-end fund's stock after purchasing an additional 2,357 shares during the period. D. E. Shaw & Co. Inc. owned about 0.11% of Virtus Investment Partners worth $1,721,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. increased its position in Virtus Investment Partners by 2,902.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,423 shares of the closed-end fund's stock worth $763,000 after buying an additional 3,309 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Virtus Investment Partners by 17.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,818 shares of the closed-end fund's stock worth $1,074,000 after purchasing an additional 733 shares in the last quarter. Barclays PLC lifted its holdings in shares of Virtus Investment Partners by 204.9% in the third quarter. Barclays PLC now owns 14,119 shares of the closed-end fund's stock valued at $2,957,000 after buying an additional 9,488 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Virtus Investment Partners by 8.4% in 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 during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Virtus Investment Partners in the 4th quarter worth approximately $353,000. Institutional investors own 80.52% of the company's stock.

Virtus Investment Partners Trading Up 3.4%

NASDAQ VRTS traded up $5.71 on Tuesday, hitting $172.67. 33,547 shares of the stock were exchanged, compared to its average volume of 40,506. The company's 50-day moving average price is $162.75 and its two-hundred day moving average price is $194.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. Virtus Investment Partners, Inc. has a 52-week low of $142.18 and a 52-week high of $252.82. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.22 and a beta of 1.47.

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 earnings per share 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 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 previous year, the company posted $5.41 earnings per share. Research 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 announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a $2.25 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $9.00 dividend on an annualized basis and a yield of 5.21%. Virtus Investment Partners's payout ratio is 53.41%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Cowen decreased their price target on shares of 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. Morgan Stanley lifted their target price on Virtus Investment Partners from $149.00 to $152.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Piper Sandler cut 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 upgraded Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. Finally, 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.