SG Americas Securities LLC Acquires New Position in Virtus Investment Partners, Inc. $VRTS

SG Americas Securities LLC bought a new position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,696 shares of the closed-end fund’s stock, valued at approximately $702,000. SG Americas Securities LLC owned 0.05% of Virtus Investment Partners at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Virtus Investment Partners by 5.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,668 shares of the closed-end fund’s stock valued at $303,000 after buying an additional 89 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Virtus Investment Partners by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock worth $681,000 after acquiring an additional 103 shares during the last quarter. Farther Finance Advisors LLC raised its position in 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 period. Hilltop National Bank acquired a new position in shares of Virtus Investment Partners in the 2nd quarter valued at $26,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Virtus Investment Partners by 90.4% during the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Price Performance

Shares of VRTS opened at $167.55 on Thursday. The company has a market cap of $1.13 billion, a P/E ratio of 9.91 and a beta of 1.47. Virtus Investment Partners, Inc. has a fifty-two week low of $142.18 and a fifty-two week high of $215.28. 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’s 50 day moving average price is $163.96 and its 200 day moving average price is $180.95.

Virtus Investment Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Saturday, January 31st will be paid a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, January 30th. Virtus Investment Partners’s payout ratio is presently 49.28%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. 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 report on Tuesday, December 23rd. TD Cowen reduced their price target on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, January 14th. Zacks Research raised shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Barclays lifted their target price on shares of Virtus Investment Partners from $158.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Finally, Morgan Stanley decreased their price target on Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Virtus Investment Partners currently has an average rating of “Reduce” and a consensus price target of $181.25.

Virtus Investment Partners Company Profile

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.