Thrivent Financial For Lutherans lifted its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,980 shares of the closed-end fund’s stock after purchasing an additional 340 shares during the quarter. Thrivent Financial For Lutherans owned 0.06% of Virtus Investment Partners worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. grew its holdings in shares of Virtus Investment Partners by 14.8% in the 1st quarter. Prudential Financial Inc. now owns 11,218 shares of the closed-end fund’s stock worth $1,188,000 after purchasing an additional 1,448 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Virtus Investment Partners in the 1st quarter worth about $1,739,000. Marshall Wace North America L.P. bought a new stake in shares of Virtus Investment Partners in the 2nd quarter worth about $579,000. UBS Group AG grew its holdings in shares of Virtus Investment Partners by 62.8% in the 1st quarter. UBS Group AG now owns 15,717 shares of the closed-end fund’s stock worth $1,664,000 after purchasing an additional 6,065 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Virtus Investment Partners by 356.1% in the 1st quarter. California Public Employees Retirement System now owns 87,112 shares of the closed-end fund’s stock worth $9,225,000 after purchasing an additional 68,012 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on VRTS. Zacks Investment Research lowered shares of Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and set a $127.00 price objective (up previously from $117.00) on shares of Virtus Investment Partners in a report on Tuesday, October 10th. Barclays PLC increased their price objective on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 10th. Bank of America Corporation raised shares of Virtus Investment Partners from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $112.00 to $130.00 in a report on Monday, October 9th. Finally, Morgan Stanley set a $123.00 price objective on shares of Virtus Investment Partners and gave the stock an “equal weight” rating in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Virtus Investment Partners presently has a consensus rating of “Hold” and a consensus price target of $129.33.

Shares of Virtus Investment Partners, Inc. (VRTS) opened at 122.45 on Thursday. The company has a market cap of $883.72 million, a price-to-earnings ratio of 23.83 and a beta of 1.76. The firm’s 50-day moving average is $114.40 and its 200-day moving average is $109.98. Virtus Investment Partners, Inc. has a one year low of $92.80 and a one year high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, July 28th. The closed-end fund reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.05). Virtus Investment Partners had a net margin of 12.13% and a return on equity of 11.35%. The business had revenue of $94.10 million during the quarter, compared to the consensus estimate of $91.78 million. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue was up 17.5% on a year-over-year basis. Analysts expect that Virtus Investment Partners, Inc. will post $7.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, October 30th. Virtus Investment Partners’s dividend payout ratio is presently 35.02%.

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Virtus Investment Partners Company 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.

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

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