Teacher Retirement System of Texas Buys 4,999 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Teacher Retirement System of Texas increased its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 55.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,035 shares of the closed-end fund's stock after acquiring an additional 4,999 shares during the quarter. Teacher Retirement System of Texas owned about 0.20% of Virtus Investment Partners worth $2,419,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Virtus Investment Partners by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,880 shares of the closed-end fund's stock valued at $61,074,000 after purchasing an additional 21,344 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Virtus Investment Partners by 8.7% in the fourth quarter. JPMorgan Chase & Co. now owns 158,028 shares of the closed-end fund's stock worth $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 fourth quarter. Northern Trust Corp now owns 106,104 shares of the closed-end fund's stock worth $23,404,000 after buying an additional 9,793 shares during the period. American Century Companies Inc. boosted its position in shares of Virtus Investment Partners by 33.6% during the fourth quarter. American Century Companies Inc. now owns 81,738 shares of the closed-end fund's stock worth $18,030,000 after buying an additional 20,544 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Virtus Investment Partners by 1.8% during the fourth quarter. Nuveen Asset Management LLC now owns 45,632 shares of the closed-end fund's stock worth $10,066,000 after buying an additional 795 shares during the period. Institutional investors and hedge funds own 80.52% of the company's stock.

Virtus Investment Partners Stock Performance

Shares of NASDAQ VRTS traded up $2.80 during trading hours on Friday, reaching $204.82. 212,617 shares of the stock were exchanged, compared to its average volume of 52,943. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 12.12 and a beta of 1.44. 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, Inc. has a 52 week low of $142.18 and a 52 week high of $252.82. The stock's fifty day simple moving average is $177.62 and its 200 day simple moving average is $181.30.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last announced its earnings results on Friday, April 25th. The closed-end fund reported $5.73 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $0.05. The company had revenue of $217.93 million for the quarter, compared to analyst estimates 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 last year, the company earned $5.41 earnings per share. Sell-side analysts predict that Virtus Investment Partners, Inc. will post 27.7 EPS for the current year.

Virtus Investment Partners Dividend Announcement

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 dividend of $2.25 per share. The ex-dividend date is Thursday, July 31st. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.39%. Virtus Investment Partners's dividend payout ratio (DPR) is currently 53.41%.

Analyst Ratings Changes

Several research firms have recently weighed in on VRTS. Wall Street Zen raised Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. TD Cowen reduced their price target on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Piper Sandler reduced their price target on Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Morgan Stanley set a $171.00 price target on Virtus Investment Partners and gave the company an "underweight" rating in a research report on Wednesday, July 2nd. Finally, Barclays set a $150.00 price target on Virtus Investment Partners and gave the company an "underweight" rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $172.50.

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.