Virtus Investment Partners, Inc. $VRTS Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,982 shares of the closed-end fund’s stock after acquiring an additional 961 shares during the quarter. Geode Capital Management LLC owned approximately 2.24% of Virtus Investment Partners worth $28,115,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in Virtus Investment Partners in the 2nd quarter worth about $330,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Virtus Investment Partners during the second quarter valued at about $450,000. Farther Finance Advisors LLC boosted its holdings in shares of Virtus Investment Partners by 14,100.0% in the second quarter. Farther Finance Advisors LLC now owns 142 shares of the closed-end fund’s stock worth $26,000 after buying an additional 141 shares during the period. American Century Companies Inc. boosted its holdings in shares of Virtus Investment Partners by 38.5% in the first quarter. American Century Companies Inc. now owns 113,192 shares of the closed-end fund’s stock worth $19,510,000 after buying an additional 31,454 shares during the period. Finally, Jump Financial LLC increased its position in shares of Virtus Investment Partners by 29.6% in the first quarter. Jump Financial LLC now owns 4,680 shares of the closed-end fund’s stock worth $807,000 after acquiring an additional 1,068 shares in the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.

Virtus Investment Partners Trading Down 0.4%

Shares of NASDAQ:VRTS opened at $159.59 on Friday. The firm has a fifty day moving average of $174.06 and a two-hundred day moving average of $183.87. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners, Inc. has a 12-month low of $142.18 and a 12-month 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VRTS shares. Morgan Stanley upped their price target on shares of Virtus Investment Partners from $170.00 to $173.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Barclays reduced their target price on Virtus Investment Partners from $190.00 to $175.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Finally, TD Cowen lowered their price target on Virtus Investment Partners from $196.00 to $180.00 and set a “hold” rating on the stock in a report on Monday, October 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Virtus Investment Partners presently has a consensus rating of “Reduce” and an average price target of $190.50.

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.