Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lowered its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,766 shares of the closed-end fund’s stock after selling 702 shares during the quarter. Glenmede Trust Co. NA owned about 0.84% of Virtus Investment Partners worth $12,309,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Lombard Odier Asset Management Europe Ltd purchased a new position in Virtus Investment Partners in the 2nd quarter valued at about $6,776,000. AQR Capital Management LLC lifted its stake in shares of Virtus Investment Partners by 78.1% in the second quarter. AQR Capital Management LLC now owns 50,952 shares of the closed-end fund’s stock worth $11,508,000 after acquiring an additional 22,344 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Virtus Investment Partners by 6.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund’s stock valued at $53,522,000 after purchasing an additional 16,586 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Virtus Investment Partners during the 2nd quarter valued at approximately $2,553,000. Finally, Algert Global LLC increased its holdings in Virtus Investment Partners by 57.1% during the 3rd quarter. Algert Global LLC now owns 26,167 shares of the closed-end fund’s stock worth $5,481,000 after purchasing an additional 9,508 shares during the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

Virtus Investment Partners Stock Performance

Virtus Investment Partners stock opened at $246.97 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. Virtus Investment Partners, Inc. has a 12 month low of $190.42 and a 12 month high of $263.39. The company has a fifty day moving average price of $222.95 and a two-hundred day moving average price of $220.20. The company has a market cap of $1.73 billion, a PE ratio of 15.01 and a beta of 1.45.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Piper Sandler increased their target price on Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays started coverage on shares of Virtus Investment Partners in a report on Tuesday, August 27th. They set an “underweight” rating and a $206.00 price objective for the company. Morgan Stanley boosted their target price on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Finally, StockNews.com cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $236.00.

Virtus Investment Partners Company 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.