Geode Capital Management LLC Sells 1,259 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Geode Capital Management LLC decreased its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,069 shares of the closed-end fund’s stock after selling 1,259 shares during the quarter. Geode Capital Management LLC owned 2.14% of Virtus Investment Partners worth $33,110,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Virtus Investment Partners in the 4th quarter worth approximately $1,014,000. Norges Bank purchased a new stake in shares of Virtus Investment Partners during the 4th quarter worth approximately $9,503,000. JPMorgan Chase & Co. raised its stake in Virtus Investment Partners by 8.7% in the 4th quarter. JPMorgan Chase & Co. now owns 158,028 shares of the closed-end fund’s stock valued at $34,858,000 after acquiring an additional 12,642 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Virtus Investment Partners in the fourth quarter worth $249,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Virtus Investment Partners by 75.2% in the fourth quarter. EntryPoint Capital LLC now owns 3,461 shares of the closed-end fund’s stock worth $763,000 after buying an additional 1,486 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Virtus Investment Partners from $252.00 to $216.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen dropped their target price 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. StockNews.com raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Barclays reduced their price objective on shares of Virtus Investment Partners from $200.00 to $149.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Virtus Investment Partners currently has an average rating of “Hold” and a consensus target price of $180.25.

Virtus Investment Partners Trading Down 4.3 %

Shares of Virtus Investment Partners stock opened at $147.28 on Thursday. The company has a fifty day moving average of $173.72 and a 200 day moving average of $205.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. Virtus Investment Partners, Inc. has a fifty-two week low of $144.13 and a fifty-two week high of $252.82. The company has a market capitalization of $1.02 billion, a P/E ratio of 8.71 and a beta of 1.36.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $2.25 per share. The ex-dividend date is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 6.11%. Virtus Investment Partners’s payout ratio is 53.25%.

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.