Vulcan Value Partners LLC Has $21.76 Million Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Vulcan Value Partners LLC lessened its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,628 shares of the closed-end fund's stock after selling 16,449 shares during the period. Vulcan Value Partners LLC owned about 1.40% of Virtus Investment Partners worth $21,755,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in VRTS. Asset Management One Co. Ltd. boosted 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 valued at $763,000 after buying an additional 3,309 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Virtus Investment Partners by 17.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,818 shares of the closed-end fund's stock worth $1,074,000 after acquiring an additional 733 shares in the last quarter. JPMorgan Chase & Co. grew its position in Virtus Investment Partners by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,386 shares of the closed-end fund's stock worth $30,451,000 after acquiring an additional 3,651 shares during the last quarter. Private Client Services LLC acquired a new stake in Virtus Investment Partners during the 4th quarter valued at $799,000. Finally, Barclays PLC raised its position in Virtus Investment Partners by 204.9% in the 3rd quarter. Barclays PLC now owns 14,119 shares of the closed-end fund's stock valued at $2,957,000 after purchasing an additional 9,488 shares during the last quarter. Institutional investors own 80.52% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VRTS. Morgan Stanley lowered their target price on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. StockNews.com cut shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a research report on Monday. Barclays set a $150.00 target price on shares of Virtus Investment Partners and gave the stock an "underweight" rating in a research report on Monday. 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. Finally, TD Cowen dropped their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $179.25.

Virtus Investment Partners Trading Up 2.5 %

NASDAQ VRTS traded up $3.89 during trading on Thursday, reaching $157.48. 14,772 shares of the stock traded hands, compared to its average volume of 40,038. Virtus Investment Partners, Inc. has a fifty-two week low of $142.18 and a fifty-two week high of $252.82. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 9.31 and a beta of 1.36. The stock's 50-day moving average price is $166.25 and its 200 day moving average price is $201.25.

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. Virtus Investment Partners had a net margin of 13.42% and a return on equity of 21.56%. The business had revenue of $217.93 million during the quarter, compared to analysts' expectations of $201.99 million. During the same quarter in the prior year, the company earned $5.41 EPS. Analysts predict that Virtus Investment Partners, Inc. will post 27.7 EPS for the current year.

Virtus Investment Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a yield of 5.72%. Virtus Investment Partners's payout ratio is 53.41%.

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.