Creative Planning Has $1.34 Million Holdings in Virtus Investment Partners, Inc. $VRTS

Creative Planning trimmed its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 15.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,360 shares of the closed-end fund’s stock after selling 1,359 shares during the quarter. Creative Planning owned about 0.11% of Virtus Investment Partners worth $1,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Virtus Investment Partners during the 2nd quarter worth about $330,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Virtus Investment Partners in the 2nd quarter worth approximately $450,000. Farther Finance Advisors LLC lifted its holdings in Virtus Investment Partners by 14,100.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 142 shares of the closed-end fund’s stock worth $26,000 after purchasing an additional 141 shares during the last quarter. American Century Companies Inc. boosted its position in Virtus Investment Partners by 38.5% during the first quarter. American Century Companies Inc. now owns 113,192 shares of the closed-end fund’s stock worth $19,510,000 after purchasing an additional 31,454 shares during the period. Finally, Jump Financial LLC grew its holdings in Virtus Investment Partners by 29.6% during the first quarter. Jump Financial LLC now owns 4,680 shares of the closed-end fund’s stock valued at $807,000 after purchasing an additional 1,068 shares during the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Stock Down 0.4%

Shares of VRTS opened at $159.59 on Friday. The company has a 50-day simple moving average of $174.06 and a 200-day simple moving average of $183.87. 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 52 week low of $142.18 and a 52 week high of $252.82. The firm has a market capitalization of $1.08 billion, a P/E ratio of 9.44 and a beta of 1.49.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen reduced their price objective on shares of Virtus Investment Partners from $196.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, October 27th. Morgan Stanley boosted their target price on shares of Virtus Investment Partners from $170.00 to $173.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th. Finally, Barclays decreased their price target on shares of Virtus Investment Partners from $190.00 to $175.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $190.50.

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.