Credit Suisse Group AG reiterated their hold rating on shares of Virtus Investment Partners Inc. (NASDAQ:VRTS) in a research report released on Monday. Credit Suisse Group AG currently has a $110.00 price target on the closed-end fund’s stock.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Virtus Investment Partners from a strong sell rating to a hold rating in a research report on Tuesday, July 12th. Jefferies Group raised their price objective on shares of Virtus Investment Partners from $87.00 to $97.00 and gave the company a hold rating in a research report on Tuesday, October 11th.

Shares of Virtus Investment Partners (NASDAQ:VRTS) opened at 107.05 on Monday. The firm’s 50-day moving average price is $99.26 and its 200 day moving average price is $86.51. Virtus Investment Partners has a 52 week low of $66.12 and a 52 week high of $141.97. The stock has a market capitalization of $814.65 million, a P/E ratio of 20.90 and a beta of 1.77.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings results on Friday, October 28th. The closed-end fund reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.16. The business had revenue of $82.30 million for the quarter, compared to the consensus estimate of $80.77 million. Virtus Investment Partners had a return on equity of 9.04% and a net margin of 12.99%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.74 earnings per share. Analysts expect that Virtus Investment Partners will post $5.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 11th. Investors of record on Monday, October 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, October 27th. Virtus Investment Partners’s payout ratio is presently 34.82%.

In related news, major shareholder Of Montreal /Can/ Bank sold 1,727,746 shares of Virtus Investment Partners stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $93.50, for a total value of $161,544,251.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Virtus Investment Partners by 260.8% in the second quarter. BlackRock Inc. now owns 1,786 shares of the closed-end fund’s stock worth $127,000 after buying an additional 1,291 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Virtus Investment Partners by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 1,320 shares of the closed-end fund’s stock worth $129,000 after buying an additional 20 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Virtus Investment Partners by 87.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,052 shares of the closed-end fund’s stock worth $146,000 after buying an additional 957 shares during the period. KBC Group NV boosted its stake in shares of Virtus Investment Partners by 181.9% in the third quarter. KBC Group NV now owns 1,818 shares of the closed-end fund’s stock worth $178,000 after buying an additional 1,173 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Virtus Investment Partners during the third quarter worth approximately $186,000. 96.23% of the stock is owned by institutional investors.

Virtus Investment Partners Company Profile

Virtus Investment Partners, Inc 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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