New York State Common Retirement Fund increased its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 22.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,200 shares of the closed-end fund’s stock after purchasing an additional 1,299 shares during the period. New York State Common Retirement Fund owned 0.10% of Virtus Investment Partners worth $799,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted 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 valued at $91,638,000 after purchasing an additional 63,155 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Virtus Investment Partners by 26.5% in the 1st quarter. Vanguard Group Inc. now owns 647,617 shares of the closed-end fund’s stock valued at $68,583,000 after purchasing an additional 135,509 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Virtus Investment Partners by 23.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 472,922 shares of the closed-end fund’s stock valued at $50,082,000 after purchasing an additional 90,422 shares during the last quarter. State Street Corp lifted its holdings in shares of Virtus Investment Partners by 16.8% in the 1st quarter. State Street Corp now owns 144,706 shares of the closed-end fund’s stock valued at $15,327,000 after purchasing an additional 20,823 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Virtus Investment Partners by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 88,833 shares of the closed-end fund’s stock valued at $9,855,000 after purchasing an additional 2,760 shares during the last quarter. 95.57% of the stock is owned by institutional investors and hedge funds.

Shares of Virtus Investment Partners, Inc. (VRTS) opened at $115.60 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 19.32 and a current ratio of 19.32. The company has a market capitalization of $839.08, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.86. Virtus Investment Partners, Inc. has a one year low of $97.60 and a one year high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings data on Friday, October 27th. The closed-end fund reported $2.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.08). The company had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $116.85 million. Virtus Investment Partners had a net margin of 11.64% and a return on equity of 13.33%. The firm’s revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 earnings per share. equities research analysts predict that Virtus Investment Partners, Inc. will post 7.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, October 30th. Virtus Investment Partners’s dividend payout ratio is presently 33.58%.

TRADEMARK VIOLATION NOTICE: “New York State Common Retirement Fund Boosts Stake in Virtus Investment Partners, Inc. (VRTS)” was published by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/new-york-state-common-retirement-fund-boosts-stake-in-virtus-investment-partners-inc-vrts/1684600.html.

Several analysts have recently weighed in on VRTS shares. Morgan Stanley reissued an “equal weight” rating and issued a $114.00 target price (up from $105.00) on shares of Virtus Investment Partners in a report on Monday, July 10th. BidaskClub raised Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Credit Suisse Group raised Virtus Investment Partners from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $141.00 to $147.00 in a report on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and issued a $117.00 target price on shares of Virtus Investment Partners in a report on Friday, August 18th. Finally, ValuEngine downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $130.50.

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)

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