Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,376 shares of the closed-end fund’s stock after purchasing an additional 640 shares during the quarter. Fisher Asset Management LLC owned approximately 0.97% of Virtus Investment Partners worth $14,321,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of VRTS. Cetera Advisors LLC acquired a new stake in Virtus Investment Partners during the first quarter worth approximately $657,000. Quest Partners LLC raised its stake in Virtus Investment Partners by 183.0% during the second quarter. Quest Partners LLC now owns 8,287 shares of the closed-end fund’s stock worth $1,872,000 after purchasing an additional 5,359 shares during the period. Bailard Inc. purchased a new position in Virtus Investment Partners during the second quarter worth approximately $700,000. Meritage Portfolio Management raised its stake in Virtus Investment Partners by 36.1% during the third quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund’s stock worth $4,675,000 after purchasing an additional 5,919 shares during the period. Finally, Millennium Management LLC raised its stake in Virtus Investment Partners by 14.6% during the second quarter. Millennium Management LLC now owns 28,113 shares of the closed-end fund’s stock worth $6,349,000 after purchasing an additional 3,589 shares during the period. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VRTS. StockNews.com downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Monday. Piper Sandler raised their target price on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley raised their target price on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. Finally, Barclays began coverage on shares of Virtus Investment Partners in a research note on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $236.00.

Virtus Investment Partners Stock Performance

Virtus Investment Partners stock opened at $246.92 on Thursday. Virtus Investment Partners, Inc. has a 12-month low of $190.42 and a 12-month high of $263.39. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The firm’s fifty day moving average price is $220.60 and its 200 day moving average price is $219.70.

Virtus Investment Partners Profile

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.