Loews Corp lifted its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,687 shares of the closed-end fund’s stock after buying an additional 100 shares during the period. Loews Corp owned about 0.05% of Virtus Investment Partners worth $409,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Virtus Investment Partners by 8.3% in the 2nd quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock worth $91,638,000 after buying an additional 63,155 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Virtus Investment Partners by 16.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 78,359 shares of the closed-end fund’s stock valued at $8,693,000 after purchasing an additional 10,830 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in Virtus Investment Partners by 28.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 17,891 shares of the closed-end fund’s stock valued at $1,985,000 after purchasing an additional 3,979 shares during the last quarter. Teachers Advisors LLC grew its holdings in Virtus Investment Partners by 21.6% during the 2nd quarter. Teachers Advisors LLC now owns 11,940 shares of the closed-end fund’s stock valued at $1,325,000 after purchasing an additional 2,121 shares during the last quarter. Finally, CNA Financial Corp grew its holdings in Virtus Investment Partners by 2.9% during the 2nd quarter. CNA Financial Corp now owns 14,087 shares of the closed-end fund’s stock valued at $1,563,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Several brokerages recently commented on VRTS. Barclays PLC began coverage on shares of Virtus Investment Partners in a report on Friday, September 8th. They set an “equal weight” rating and a $113.00 price target on the stock. ValuEngine downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $117.00 price target on shares of Virtus Investment Partners in a report on Friday, August 18th. BidaskClub downgraded shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Credit Suisse Group upped their price target on shares of Virtus Investment Partners from $141.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $119.83.

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Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) traded up 1.45% during trading on Friday, reaching $112.30. 33,980 shares of the company traded hands. Virtus Investment Partners, Inc. has a 52 week low of $90.39 and a 52 week high of $128.10. The firm has a 50 day moving average of $109.81 and a 200 day moving average of $108.08. The stock has a market capitalization of $810.47 million, a PE ratio of 21.85 and a beta of 1.74.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, July 28th. The closed-end fund reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.05). Virtus Investment Partners had a return on equity of 11.35% and a net margin of 12.13%. The firm had revenue of $94.10 million for the quarter, compared to analyst estimates of $91.78 million. During the same quarter in the previous year, the business posted $1.24 earnings per share. Virtus Investment Partners’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, equities analysts predict that Virtus Investment Partners, Inc. will post $7.60 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, October 30th. Virtus Investment Partners’s payout ratio is currently 35.02%.

Virtus Investment Partners Profile

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)

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