Prudential Financial Inc. grew its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 6.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,008 shares of the closed-end fund’s stock after buying an additional 730 shares during the period. Prudential Financial Inc. owned 0.17% of Virtus Investment Partners worth $1,394,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VRTS. BlackRock Inc. raised its holdings in Virtus Investment Partners by 8.3% during the second quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock worth $91,638,000 after purchasing an additional 63,155 shares in the last quarter. Vanguard Group Inc. raised its holdings in Virtus Investment Partners by 8.6% during the second quarter. Vanguard Group Inc. now owns 703,488 shares of the closed-end fund’s stock worth $78,051,000 after purchasing an additional 55,871 shares in the last quarter. Mangrove Partners purchased a new position in Virtus Investment Partners during the second quarter worth about $4,985,000. Huber Capital Management LLC raised its holdings in Virtus Investment Partners by 10.3% during the second quarter. Huber Capital Management LLC now owns 437,985 shares of the closed-end fund’s stock worth $48,594,000 after purchasing an additional 40,924 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its holdings in Virtus Investment Partners by 120.9% during the second quarter. Balyasny Asset Management LLC now owns 44,308 shares of the closed-end fund’s stock worth $4,916,000 after purchasing an additional 24,250 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Virtus Investment Partners, Inc. (VRTS) opened at $118.70 on Friday. Virtus Investment Partners, Inc. has a 1-year low of $97.60 and a 1-year high of $128.10. The stock has a market cap of $862.18, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.89.

Virtus Investment Partners (NASDAQ:VRTS) last issued its earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a net margin of 11.64% and a return on equity of 12.75%. The company had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $116.85 million. During the same period last year, the business posted $1.64 earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis. analysts predict that Virtus Investment Partners, Inc. will post 7.52 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. TheStreet raised shares of Virtus Investment Partners from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Zacks Investment Research cut shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a report on Saturday, November 18th. Barclays increased their price target on shares of Virtus Investment Partners from $116.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, October 30th. Finally, Morgan Stanley set a $121.00 price target on shares of Virtus Investment Partners and gave the stock a “hold” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Virtus Investment Partners currently has an average rating of “Hold” and a consensus price target of $130.50.

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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.

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

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