5,588 Shares in Virtus Investment Partners, Inc. (NASDAQ:VRTS) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new stake in Virtus Investment Partners, purchasing 5,588 shares valued at approximately $963,000, representing about 0.08% of the company.
• Recently, Virtus Investment Partners announced a quarterly dividend of $2.25 per share, yielding 4.7%, with the dividend payout ratio at 43.82%.
• Analysts have mixed ratings on Virtus Investment Partners, with a consensus rating of "Hold" and an average target price of $188.25.

XTX Topco Ltd purchased a new position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,588 shares of the closed-end fund's stock, valued at approximately $963,000. XTX Topco Ltd owned about 0.08% of Virtus Investment Partners as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Sei Investments Co. lifted its holdings in shares of Virtus Investment Partners by 17.5% in the fourth quarter. Sei Investments Co. now owns 2,689 shares of the closed-end fund's stock worth $593,000 after buying an additional 401 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Virtus Investment Partners in the fourth quarter worth about $353,000. JPMorgan Chase & Co. lifted 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 buying an additional 12,642 shares in the last quarter. Norges Bank purchased a new stake in shares of Virtus Investment Partners in the fourth quarter worth about $9,503,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Virtus Investment Partners in the fourth quarter worth about $1,014,000. 80.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VRTS. Morgan Stanley set a $171.00 price objective on shares of Virtus Investment Partners and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. Piper Sandler upped their price objective on shares of Virtus Investment Partners from $211.00 to $234.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. TD Cowen decreased their price objective 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. Barclays lifted their price target on Virtus Investment Partners from $150.00 to $190.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen raised Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Virtus Investment Partners presently has an average rating of "Hold" and an average price target of $188.25.

Virtus Investment Partners Trading Down 2.1%

NASDAQ:VRTS traded down $3.94 during trading hours on Thursday, hitting $186.53. The company had a trading volume of 34,828 shares, compared to its average volume of 69,524. 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 $1.29 billion, a PE ratio of 11.01 and a beta of 1.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The stock has a 50-day moving average price of $188.75 and a 200 day moving average price of $179.56.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The closed-end fund reported $6.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.17 by $0.08. Virtus Investment Partners had a net margin of 13.42% and a return on equity of 21.56%. The company had revenue of $210.53 million for the quarter, compared to analysts' expectations of $191.90 million. During the same quarter in the previous year, the business posted $6.53 EPS. On average, equities research analysts predict that Virtus Investment Partners, Inc. will post 27.7 EPS for the current fiscal year.

Virtus Investment Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, July 31st. Virtus Investment Partners's dividend payout ratio is currently 43.82%.

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.