Deutsche Bank AG Has $1.36 Million Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Deutsche Bank AG lowered its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,166 shares of the closed-end fund's stock after selling 1,851 shares during the quarter. Deutsche Bank AG owned 0.09% of Virtus Investment Partners worth $1,360,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VRTS. Smartleaf Asset Management LLC boosted its position in shares of Virtus Investment Partners by 170.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock valued at $44,000 after purchasing an additional 126 shares during the period. R Squared Ltd acquired a new position in shares of Virtus Investment Partners in the 4th quarter valued at $75,000. KBC Group NV boosted its position in shares of Virtus Investment Partners by 61.2% in the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund's stock valued at $87,000 after purchasing an additional 150 shares during the period. Trexquant Investment LP acquired a new stake in Virtus Investment Partners during the 4th quarter worth about $209,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Virtus Investment Partners during the 4th quarter worth about $249,000. 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, reaching $172.67. The company had a trading volume of 33,547 shares, compared to its average volume of 40,506. The stock's 50 day moving average is $162.84 and its 200-day moving average is $194.37. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 10.22 and a beta of 1.47. 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 52 week low of $142.18 and a 52 week high of $252.82.

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

Virtus Investment Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid 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

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

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.