Teacher Retirement System of Texas Grows Holdings in Virtus Investment Partners, Inc. $VRTS

Teacher Retirement System of Texas grew its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 2,043.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,059 shares of the closed-end fund’s stock after acquiring an additional 24,843 shares during the period. Teacher Retirement System of Texas owned about 0.39% of Virtus Investment Partners worth $4,952,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VRTS. Geode Capital Management LLC increased its stake in shares of Virtus Investment Partners by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 154,982 shares of the closed-end fund’s stock valued at $28,115,000 after purchasing an additional 961 shares in the last quarter. American Century Companies Inc. grew its holdings in Virtus Investment Partners by 11.3% in the second quarter. American Century Companies Inc. now owns 125,962 shares of the closed-end fund’s stock valued at $22,850,000 after purchasing an additional 12,770 shares during the period. WCM Investment Management LLC increased its position in shares of Virtus Investment Partners by 22.4% in the second quarter. WCM Investment Management LLC now owns 125,078 shares of the closed-end fund’s stock valued at $22,913,000 after buying an additional 22,900 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Virtus Investment Partners by 21.6% during the 2nd quarter. Brown Advisory Inc. now owns 101,954 shares of the closed-end fund’s stock worth $18,494,000 after buying an additional 18,143 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Virtus Investment Partners by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,416 shares of the closed-end fund’s stock worth $16,402,000 after buying an additional 4,252 shares during the period. 80.52% of the stock is owned by hedge funds and other institutional investors.

Virtus Investment Partners Stock Up 0.1%

VRTS stock opened at $169.26 on Wednesday. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $164.68 and a two-hundred day moving average of $179.93. Virtus Investment Partners, Inc. has a 12 month low of $142.18 and a 12 month high of $215.28. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 10.02 and a beta of 1.47.

Virtus Investment Partners Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VRTS shares. Morgan Stanley dropped their price target on shares of 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. 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 research report on Thursday, January 15th. Piper Sandler reduced their price target on shares of Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating for the company in a research report on Tuesday, December 23rd. Zacks Research raised shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, TD Cowen cut their price objective on Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating for the company in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Virtus Investment Partners currently has a consensus rating of “Reduce” and a consensus target price of $181.25.

Virtus Investment Partners 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.