Thrivent Financial for Lutherans Sells 335 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Thrivent Financial for Lutherans decreased its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,227 shares of the closed-end fund’s stock after selling 335 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Virtus Investment Partners were worth $1,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VRTS. Blue Trust Inc. grew its stake in Virtus Investment Partners by 6,550.0% in the 2nd quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund’s stock valued at $33,000 after buying an additional 131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Virtus Investment Partners in the second quarter valued at about $42,000. nVerses Capital LLC bought a new position in shares of Virtus Investment Partners in the third quarter worth about $42,000. CWM LLC lifted its position in shares of Virtus Investment Partners by 334.1% during the 2nd quarter. CWM LLC now owns 382 shares of the closed-end fund’s stock worth $86,000 after purchasing an additional 294 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Virtus Investment Partners during the 2nd quarter valued at approximately $164,000. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Virtus Investment Partners Price Performance

Shares of NASDAQ:VRTS opened at $246.97 on Monday. The firm has a market capitalization of $1.73 billion, a PE ratio of 15.01 and a beta of 1.45. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners, Inc. has a 1-year low of $190.42 and a 1-year high of $263.39. The business’s 50 day moving average is $222.95 and its 200-day moving average is $220.01.

Analyst Ratings Changes

Several brokerages have commented on VRTS. Barclays initiated coverage on Virtus Investment Partners in a research report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price target on the stock. 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. Piper Sandler upped 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, November 27th. Finally, StockNews.com lowered 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 given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Virtus Investment Partners presently has an average rating of “Hold” and a consensus 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.