Virtus Investment Partners, Inc. $VRTS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 74.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,657 shares of the closed-end fund’s stock after selling 4,755 shares during the period. SG Americas Securities LLC’s holdings in Virtus Investment Partners were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Virtus Investment Partners by 2.7% in 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 purchasing an additional 103 shares during the period. Millennium Management LLC increased its position in shares of Virtus Investment Partners by 10.8% during the 1st quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock valued at $10,133,000 after purchasing an additional 5,734 shares during the period. Jane Street Group LLC increased its position in shares of Virtus Investment Partners by 57.4% during the 1st quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock valued at $2,679,000 after purchasing an additional 5,671 shares during the period. Intech Investment Management LLC raised its stake in shares of Virtus Investment Partners by 20.8% in the 1st quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock worth $1,135,000 after buying an additional 1,134 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Virtus Investment Partners by 26.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,776 shares of the closed-end fund’s stock worth $2,136,000 after buying an additional 2,429 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on VRTS shares. TD Cowen cut their price objective on Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating for the company in a report on Monday, May 4th. Barclays lowered their target price on Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a report on Monday, May 4th. Morgan Stanley boosted their price target on shares of Virtus Investment Partners from $112.00 to $119.00 and gave the stock an “underweight” rating in a research report on Friday, June 26th. Finally, Piper Sandler cut their price target on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $136.25.

Virtus Investment Partners Price Performance

Virtus Investment Partners stock traded up $3.00 during mid-day trading on Friday, hitting $160.34. The company’s stock had a trading volume of 111,065 shares, compared to its average volume of 108,452. 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 stock has a market capitalization of $1.07 billion, a P/E ratio of 9.49 and a beta of 1.38. Virtus Investment Partners, Inc. has a twelve month low of $121.61 and a twelve month high of $215.06. The stock’s fifty day moving average price is $144.40 and its two-hundred day moving average price is $146.23.

Virtus Investment Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $9.60 annualized dividend and a dividend yield of 6.0%. Virtus Investment Partners’s dividend payout ratio (DPR) is currently 56.50%.

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.