Thrivent Financial for Lutherans Has $1.34 Million Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Thrivent Financial for Lutherans lowered its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS – Get Rating) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,973 shares of the closed-end fund’s stock after selling 96 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Virtus Investment Partners were worth $1,335,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in Virtus Investment Partners by 82.1% in the first quarter. Lazard Asset Management LLC now owns 153 shares of the closed-end fund’s stock worth $36,000 after purchasing an additional 69 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in Virtus Investment Partners by 1,937.5% in the first quarter. Point72 Hong Kong Ltd now owns 163 shares of the closed-end fund’s stock worth $39,000 after purchasing an additional 155 shares in the last quarter. Lansing Street Advisors acquired a new position in shares of Virtus Investment Partners during the fourth quarter valued at $67,000. Quadrant Capital Group LLC boosted its holdings in Virtus Investment Partners by 63.9% in the third quarter. Quadrant Capital Group LLC now owns 459 shares of the closed-end fund’s stock valued at $73,000 after acquiring an additional 179 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Virtus Investment Partners by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 572 shares of the closed-end fund’s stock valued at $138,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 80.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on VRTS. StockNews.com began coverage on Virtus Investment Partners in a report on Thursday. They issued a “hold” rating on the stock. Piper Sandler upgraded Virtus Investment Partners from a “neutral” rating to an “overweight” rating and raised their price target for the company from $248.00 to $260.00 in a report on Monday, March 27th.

Virtus Investment Partners Trading Up 0.2 %

NASDAQ VRTS opened at $183.53 on Monday. The stock has a 50-day simple moving average of $177.69 and a 200 day simple moving average of $192.59. The company has a market capitalization of $1.34 billion, a PE ratio of 11.11 and a beta of 1.61. The company has a current ratio of 22.77, a quick ratio of 22.77 and a debt-to-equity ratio of 0.30. Virtus Investment Partners, Inc. has a 12 month low of $141.80 and a 12 month high of $248.23.

Virtus Investment Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $1.65 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $6.60 dividend on an annualized basis and a yield of 3.60%. Virtus Investment Partners’s dividend payout ratio is presently 39.95%.

Virtus Investment Partners Company Profile

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Virtus Investment Partners, Inc is an asset management company, which engages in the provision of investment management and related services to individuals and institutions. It offers financial solutions and products such as mutual funds, managed accounts, institutional, closed-end funds, Virtus variable insurance trust funds, and other portfolio.