Virtus Investment Partners, Inc. (NASDAQ:VRTS) Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,818 shares of the closed-end fund’s stock after acquiring an additional 733 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Virtus Investment Partners were worth $1,074,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Virtus Investment Partners by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,496 shares of the closed-end fund’s stock valued at $790,000 after acquiring an additional 135 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Virtus Investment Partners by 25.7% in the third quarter. Exchange Traded Concepts LLC now owns 4,830 shares of the closed-end fund’s stock worth $1,012,000 after purchasing an additional 989 shares during the period. nVerses Capital LLC bought a new position in Virtus Investment Partners during the 3rd quarter valued at $42,000. Blue Trust Inc. increased its position in shares of Virtus Investment Partners by 138.3% during the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock valued at $72,000 after purchasing an additional 184 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of Virtus Investment Partners by 11.9% in the 3rd quarter. QRG Capital Management Inc. now owns 1,174 shares of the closed-end fund’s stock worth $246,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Trading Up 1.7 %

Shares of NASDAQ VRTS opened at $188.63 on Wednesday. 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 12 month low of $183.17 and a 12 month high of $263.39. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 11.16 and a beta of 1.47. The business has a fifty day simple moving average of $216.99 and a 200-day simple moving average of $216.46.

Virtus Investment Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Friday, January 31st. Virtus Investment Partners’s payout ratio is 53.25%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler decreased their target price on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Barclays reduced their price objective on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. StockNews.com downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Morgan Stanley reduced their target price on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $225.75.

Virtus Investment Partners Company 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.