Cubist Systematic Strategies LLC increased its stake in Virtus Investment Partners Inc (NASDAQ:VRTS) by 1,798.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,804 shares of the closed-end fund’s stock after purchasing an additional 1,709 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Virtus Investment Partners were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in Virtus Investment Partners by 0.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,397 shares of the closed-end fund’s stock worth $488,000 after purchasing an additional 21 shares in the last quarter. Sterling Capital Management LLC increased its stake in Virtus Investment Partners by 0.8% in the 2nd quarter. Sterling Capital Management LLC now owns 7,712 shares of the closed-end fund’s stock worth $856,000 after purchasing an additional 58 shares in the last quarter. Prudential Financial Inc. increased its stake in Virtus Investment Partners by 0.5% in the 2nd quarter. Prudential Financial Inc. now owns 11,278 shares of the closed-end fund’s stock worth $1,251,000 after purchasing an additional 60 shares in the last quarter. Loews Corp increased its stake in Virtus Investment Partners by 2.8% in the 2nd quarter. Loews Corp now owns 3,687 shares of the closed-end fund’s stock worth $409,000 after purchasing an additional 100 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Virtus Investment Partners by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 14,023 shares of the closed-end fund’s stock valued at $1,556,000 after acquiring an additional 107 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on VRTS shares. Morgan Stanley set a $123.00 target price on Virtus Investment Partners and gave the company an “equal weight” rating in a research note on Thursday, October 5th. BidaskClub cut Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Barclays lifted their target price on Virtus Investment Partners from $116.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, October 30th. TheStreet raised Virtus Investment Partners from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research cut Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $130.43.

Virtus Investment Partners Inc (NASDAQ:VRTS) opened at $127.25 on Thursday. Virtus Investment Partners Inc has a 12 month low of $97.60 and a 12 month high of $128.45. The firm has a market capitalization of $909.07, a PE ratio of 24.85, a price-to-earnings-growth ratio of 0.47 and a beta of 1.89.

Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.08). The firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $116.85 million. Virtus Investment Partners had a net margin of 11.64% and a return on equity of 12.75%. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 earnings per share. sell-side analysts predict that Virtus Investment Partners Inc will post 7.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.80 annualized dividend and a dividend yield of 1.41%. Virtus Investment Partners’s dividend payout ratio is 35.16%.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/cubist-systematic-strategies-llc-has-209000-position-in-virtus-investment-partners-inc-vrts/1802358.html.

About Virtus Investment Partners

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

Institutional Ownership by Quarter for Virtus Investment Partners (NASDAQ:VRTS)

Receive News & Ratings for Virtus Investment Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners and related companies with MarketBeat.com's FREE daily email newsletter.