Victory Capital Management Inc. Sells 4,161 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Victory Capital Management Inc. lessened its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,931 shares of the closed-end fund’s stock after selling 4,161 shares during the period. Victory Capital Management Inc. owned 1.45% of Virtus Investment Partners worth $25,126,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC raised its position in Virtus Investment Partners by 44.9% during the 3rd quarter. Signaturefd LLC now owns 171 shares of the closed-end fund’s stock worth $35,000 after purchasing an additional 53 shares during the last quarter. Blue Trust Inc. lifted its stake in Virtus Investment Partners by 550.0% in the fourth quarter. Blue Trust Inc. now owns 182 shares of the closed-end fund’s stock valued at $44,000 after buying an additional 154 shares during the period. Everence Capital Management Inc. bought a new position in shares of Virtus Investment Partners during the 4th quarter worth approximately $222,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Virtus Investment Partners during the 3rd quarter worth approximately $285,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Virtus Investment Partners by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,650 shares of the closed-end fund’s stock worth $333,000 after buying an additional 65 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 opened at $230.87 on Thursday. The firm’s 50-day simple moving average is $234.54 and its 200 day simple moving average is $224.20. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 13.91 and a beta of 1.50. Virtus Investment Partners, Inc. has a fifty-two week low of $165.00 and a fifty-two week high of $263.39.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, April 26th. The closed-end fund reported $5.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $5.41. Virtus Investment Partners had a return on equity of 19.68% and a net margin of 14.02%. The company had revenue of $200.24 million for the quarter, compared to analyst estimates of $203.54 million. On average, sell-side analysts predict that Virtus Investment Partners, Inc. will post 26.43 EPS for the current year.

Virtus Investment Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $1.90 dividend. The ex-dividend date is Monday, April 29th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 3.29%. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 45.78%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VRTS shares. Morgan Stanley increased their target price on shares of Virtus Investment Partners from $211.00 to $224.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 17th. StockNews.com cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. TD Cowen boosted their target price on Virtus Investment Partners from $245.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Piper Sandler cut their price target on Virtus Investment Partners from $275.00 to $265.00 and set an “overweight” rating on the stock in a report on Monday, April 29th.

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.