Geode Capital Management LLC Has $31.70 Million Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Geode Capital Management LLC grew its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,328 shares of the closed-end fund’s stock after buying an additional 821 shares during the period. Geode Capital Management LLC owned 2.16% of Virtus Investment Partners worth $31,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP raised its stake in Virtus Investment Partners by 388.5% in the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after acquiring an additional 101 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Virtus Investment Partners in the second quarter valued at $42,000. nVerses Capital LLC bought a new position in shares of Virtus Investment Partners in the third quarter valued at about $42,000. Blue Trust Inc. lifted its stake 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 worth $72,000 after buying an additional 184 shares during the last quarter. Finally, Point72 DIFC Ltd boosted its holdings in shares of Virtus Investment Partners by 57.2% during the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock worth $128,000 after buying an additional 222 shares during the period. 80.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. Morgan Stanley increased their price objective on Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Finally, Barclays boosted their target price on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the company an “underweight” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $247.00.

Virtus Investment Partners Stock Up 1.4 %

VRTS stock opened at $223.50 on Thursday. The company has a market cap of $1.57 billion, a PE ratio of 13.59 and a beta of 1.46. 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 $190.42 and a 52 week high of $263.39. The business has a 50-day simple moving average of $233.17 and a 200 day simple moving average of $220.97.

Virtus Investment Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Friday, January 31st. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 54.71%.

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.