Jane Street Group LLC Has $2.18 Million Stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Jane Street Group LLC grew its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,872 shares of the closed-end fund’s stock after purchasing an additional 654 shares during the quarter. Jane Street Group LLC owned about 0.14% of Virtus Investment Partners worth $2,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VRTS. Smartleaf Asset Management LLC grew its position in shares of Virtus Investment Partners by 170.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund’s stock valued at $44,000 after purchasing an additional 126 shares during the last quarter. R Squared Ltd acquired a new position in shares of Virtus Investment Partners in the fourth quarter valued at approximately $75,000. KBC Group NV grew its position in shares of Virtus Investment Partners by 61.2% in the fourth quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock valued at $87,000 after purchasing an additional 150 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Virtus Investment Partners in the fourth quarter valued at approximately $209,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Virtus Investment Partners in the fourth quarter valued at approximately $249,000. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Trading Up 1.0%

Shares of VRTS stock opened at $178.33 on Friday. 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 stock has a market cap of $1.23 billion, a P/E ratio of 10.55 and a beta of 1.47. The stock has a 50 day simple moving average of $163.13 and a 200 day simple moving average of $197.03. Virtus Investment Partners, Inc. has a 1 year low of $142.18 and a 1 year high of $252.82.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, April 25th. The closed-end fund reported $5.73 earnings per share for the quarter, topping the consensus estimate of $5.68 by $0.05. Virtus Investment Partners had a return on equity of 21.56% and a net margin of 13.42%. The firm had revenue of $217.93 million during the quarter, compared to analysts’ expectations of $201.99 million. During the same period in the prior year, the company earned $5.41 earnings per share. On average, research analysts predict that Virtus Investment Partners, Inc. will post 27.7 earnings per share for the current fiscal year.

Virtus Investment Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Thursday, July 31st. Virtus Investment Partners’s payout ratio is presently 53.41%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley upped their target price on Virtus Investment Partners from $149.00 to $152.00 and gave the company an “underweight” rating in a research report on Tuesday, May 6th. TD Cowen cut their price target on Virtus Investment Partners from $220.00 to $158.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Piper Sandler cut their price target on Virtus Investment Partners from $216.00 to $211.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. StockNews.com cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, Barclays set a $150.00 price target on Virtus Investment Partners and gave the company an “underweight” rating in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $167.75.

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.