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 Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 55.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,035 shares of the closed-end fund's stock after purchasing an additional 4,999 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.20% of Virtus Investment Partners worth $2,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Virtus Investment Partners by 11.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,376 shares of the closed-end fund's stock valued at $931,000 after purchasing an additional 558 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Virtus Investment Partners by 35.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,957 shares of the closed-end fund's stock valued at $510,000 after buying an additional 781 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $849,000 after buying an additional 152 shares during the last quarter. GAMMA Investing LLC grew its stake in Virtus Investment Partners by 8,517.5% in the 1st quarter. GAMMA Investing LLC now owns 6,894 shares of the closed-end fund's stock valued at $1,188,000 after buying an additional 6,814 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 21,344 shares during the last quarter. 80.52% of the stock is owned by institutional investors.

Virtus Investment Partners Stock Performance

Shares of NASDAQ:VRTS traded up $2.80 on Friday, reaching $204.82. 212,617 shares of the company's stock were exchanged, compared to its average volume of 52,997. The company has a fifty day moving average of $177.62 and a 200-day moving average of $180.70. Virtus Investment Partners, Inc. has a twelve month low of $142.18 and a twelve month high of $252.82. The company 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 current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $0.05. Virtus Investment Partners had a net margin of 13.42% and a return on equity of 21.56%. The firm had revenue of $217.93 million for the quarter, compared to analyst estimates of $201.99 million. During the same quarter in the prior year, the business posted $5.41 EPS. On average, research analysts predict that Virtus Investment Partners, Inc. will post 27.7 EPS for the current fiscal year.

Virtus Investment Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $9.00 annualized dividend and a dividend yield of 4.39%. Virtus Investment Partners's dividend payout ratio is 53.41%.

Analyst Ratings Changes

A number of brokerages recently commented on VRTS. Piper Sandler decreased their price target on shares of Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays set a $150.00 price target on shares of Virtus Investment Partners and gave the company an "underweight" rating in a research note on Monday, April 28th. 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 note on Wednesday, April 9th. Wall Street Zen upgraded shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Finally, Morgan Stanley set a $171.00 price target on shares of Virtus Investment Partners and gave the company an "underweight" rating in a research note on Wednesday, July 2nd. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $172.50.

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.