Legal & General Group Plc Has $4.07 Million Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Legal & General Group Plc trimmed its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,393 shares of the closed-end fund’s stock after selling 85 shares during the period. Legal & General Group Plc owned 0.26% of Virtus Investment Partners worth $4,074,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VRTS. Invesco Ltd. raised its holdings in shares of Virtus Investment Partners by 0.7% in the fourth quarter. Invesco Ltd. now owns 29,774 shares of the closed-end fund’s stock valued at $6,568,000 after buying an additional 212 shares during the last quarter. Gator Capital Management LLC raised its stake in shares of Virtus Investment Partners by 14.1% in the fourth quarter. Gator Capital Management LLC now owns 20,915 shares of the closed-end fund’s stock worth $4,613,000 after acquiring an additional 2,590 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Virtus Investment Partners during the fourth quarter worth approximately $280,000. ExodusPoint Capital Management LP grew its stake in shares of Virtus Investment Partners by 322.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 11,736 shares of the closed-end fund’s stock valued at $2,589,000 after purchasing an additional 8,960 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Virtus Investment Partners in the fourth quarter valued at approximately $209,000. Institutional investors own 80.52% of the company’s stock.

Wall Street Analysts Forecast Growth

VRTS has been the topic of several research reports. Barclays reduced their price objective on Virtus Investment Partners from $200.00 to $149.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Morgan Stanley decreased their price target on Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. TD Cowen dropped their price objective on Virtus Investment Partners from $220.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Piper Sandler reduced their target price 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, StockNews.com raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $179.00.

Virtus Investment Partners Trading Up 5.3 %

NASDAQ VRTS opened at $150.85 on Wednesday. Virtus Investment Partners, Inc. has a 12 month low of $142.18 and a 12 month high of $252.82. The stock has a 50-day simple moving average of $170.55 and a 200 day simple moving average of $203.74. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.05 billion, a PE ratio of 8.93 and a beta of 1.36.

Virtus Investment Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 5.97%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 53.25%.

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.