American Century Companies Inc. Acquires 29,919 Shares of Virtus Investment Partners, Inc. $VRTS

American Century Companies Inc. raised its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 23.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,881 shares of the closed-end fund’s stock after purchasing an additional 29,919 shares during the period. American Century Companies Inc. owned 2.31% of Virtus Investment Partners worth $29,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Intech Investment Management LLC boosted its holdings in Virtus Investment Partners by 12.2% in the 3rd quarter. Intech Investment Management LLC now owns 2,990 shares of the closed-end fund’s stock worth $568,000 after buying an additional 324 shares during the period. Villanova Investment Management Co LLC lifted its position in shares of Virtus Investment Partners by 36.9% during the third quarter. Villanova Investment Management Co LLC now owns 14,393 shares of the closed-end fund’s stock worth $2,735,000 after acquiring an additional 3,877 shares in the last quarter. CenterBook Partners LP lifted its position in shares of Virtus Investment Partners by 261.8% during the third quarter. CenterBook Partners LP now owns 14,054 shares of the closed-end fund’s stock worth $2,671,000 after acquiring an additional 10,170 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Virtus Investment Partners by 11.3% in the third quarter. Public Sector Pension Investment Board now owns 24,700 shares of the closed-end fund’s stock worth $4,694,000 after acquiring an additional 2,503 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Virtus Investment Partners by 2.5% in the third quarter. Rhumbline Advisers now owns 22,457 shares of the closed-end fund’s stock worth $4,267,000 after acquiring an additional 556 shares during the period. Institutional investors own 80.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays reiterated an “underweight” rating and set a $142.00 price objective on shares of Virtus Investment Partners in a research note on Monday, February 9th. Morgan Stanley cut their target price on Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating for the company in a research note on Tuesday, February 3rd. Piper Sandler reduced their target price on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. TD Cowen decreased their price target on Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday, January 14th. Finally, Zacks Research raised shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $169.00.

Virtus Investment Partners Trading Down 2.8%

Virtus Investment Partners stock opened at $134.49 on Friday. 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 fifty-two week low of $131.87 and a fifty-two week high of $215.06. The stock has a market cap of $900.41 million, a P/E ratio of 7.96 and a beta of 1.47. The firm’s fifty day moving average price is $154.99 and its 200-day moving average price is $169.54.

Virtus Investment Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th will be issued a dividend of $2.40 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $9.60 annualized dividend and a dividend yield of 7.1%. Virtus Investment Partners’s payout ratio is presently 48.02%.

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.