Cetera Investment Advisers Has $403,000 Holdings in Virtus Investment Partners, Inc. $VRTS

Cetera Investment Advisers reduced its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 14.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,339 shares of the closed-end fund’s stock after selling 381 shares during the quarter. Cetera Investment Advisers’ holdings in Virtus Investment Partners were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VRTS. Signaturefd LLC lifted its position in shares of Virtus Investment Partners by 30.2% during the first quarter. Signaturefd LLC now owns 366 shares of the closed-end fund’s stock worth $63,000 after purchasing an additional 85 shares in the last quarter. Man Group plc lifted its holdings in Virtus Investment Partners by 0.5% in the fourth quarter. Man Group plc now owns 29,390 shares of the closed-end fund’s stock valued at $6,483,000 after buying an additional 146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Virtus Investment Partners by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,849 shares of the closed-end fund’s stock valued at $849,000 after buying an additional 152 shares during the period. Vident Advisory LLC lifted its holdings in Virtus Investment Partners by 4.5% in the fourth quarter. Vident Advisory LLC now owns 4,057 shares of the closed-end fund’s stock valued at $895,000 after buying an additional 175 shares during the period. Finally, Invesco Ltd. lifted its holdings in 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 period. 80.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on VRTS shares. Morgan Stanley set a $171.00 price objective on shares of Virtus Investment Partners and gave the company an “underweight” rating in a report on Wednesday, July 2nd. Piper Sandler increased their price objective on shares of Virtus Investment Partners from $211.00 to $234.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Barclays increased their target price on shares of Virtus Investment Partners from $150.00 to $190.00 and gave the stock an “underweight” rating in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Virtus Investment Partners presently has an average rating of “Hold” and an average price target of $188.25.

Virtus Investment Partners Trading Down 0.8%

VRTS opened at $192.63 on Tuesday. The firm’s fifty day moving average is $192.35 and its two-hundred day moving average is $178.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The firm has a market cap of $1.30 billion, a PE ratio of 11.40 and a beta of 1.41. Virtus Investment Partners, Inc. has a twelve month low of $142.18 and a twelve month high of $252.82.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings data on Friday, July 25th. The closed-end fund reported $6.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.17 by $0.08. Virtus Investment Partners had a net margin of 13.42% and a return on equity of 21.56%. The company had revenue of $210.53 million during the quarter, compared to the consensus estimate of $191.90 million. During the same quarter in the prior year, the firm earned $6.53 earnings per share. Equities research analysts anticipate that Virtus Investment Partners, Inc. will post 27.7 EPS for the current year.

Virtus Investment Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $2.40 per share. This is a positive change from Virtus Investment Partners’s previous quarterly dividend of $2.25. This represents a $9.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, October 31st. Virtus Investment Partners’s payout ratio is currently 46.74%.

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.