Virtus Investment Partners, Inc. $VRTS Shares Purchased by Cwm LLC

Cwm LLC boosted its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 153.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,405 shares of the closed-end fund’s stock after acquiring an additional 3,272 shares during the period. Cwm LLC owned about 0.08% of Virtus Investment Partners worth $1,027,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC grew its position 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 valued at $26,000 after purchasing an additional 141 shares during the last quarter. Hilltop National Bank purchased a new stake in Virtus Investment Partners in the 2nd quarter valued at approximately $26,000. ST Germain D J Co. Inc. acquired a new stake in Virtus Investment Partners during the 2nd quarter valued at $31,000. Osaic Holdings Inc. increased its position in Virtus Investment Partners by 90.4% during the second quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after buying an additional 150 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Virtus Investment Partners by 226.4% during the second quarter. Nisa Investment Advisors LLC now owns 359 shares of the closed-end fund’s stock worth $65,000 after buying an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zacks Research lowered Virtus Investment Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. TD Cowen decreased their price target on shares of Virtus Investment Partners from $196.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, October 27th. Piper Sandler reduced their price objective on shares of Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 23rd. Morgan Stanley decreased their target price on shares of Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. Finally, Barclays cut their price target on Virtus Investment Partners from $175.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, December 12th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $181.00.

Virtus Investment Partners Stock Up 1.1%

Shares of NASDAQ VRTS opened at $169.34 on Wednesday. The stock has a market capitalization of $1.14 billion, a PE ratio of 10.02 and a beta of 1.47. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $162.42 and a 200-day moving average of $182.30. Virtus Investment Partners, Inc. has a 52-week low of $142.18 and a 52-week high of $216.81.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Saturday, January 31st will be issued a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Friday, January 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is 49.28%.

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.