Nationwide Fund Advisors decreased its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,115 shares of the closed-end fund’s stock after selling 226 shares during the period. Nationwide Fund Advisors owned about 0.16% of Virtus Investment Partners worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Wells Fargo & Company MN grew its stake in shares of Virtus Investment Partners by 0.5% in the second quarter. Wells Fargo & Company MN now owns 4,397 shares of the closed-end fund’s stock worth $488,000 after acquiring an additional 21 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Virtus Investment Partners by 0.5% in the second quarter. Prudential Financial Inc. now owns 11,278 shares of the closed-end fund’s stock worth $1,251,000 after acquiring an additional 60 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Virtus Investment Partners by 3.8% in the second quarter. Louisiana State Employees Retirement System now owns 2,700 shares of the closed-end fund’s stock worth $300,000 after acquiring an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Virtus Investment Partners by 6.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 1,570 shares of the closed-end fund’s stock worth $174,000 after acquiring an additional 100 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Virtus Investment Partners by 3.0% in the second quarter. Arizona State Retirement System now owns 3,450 shares of the closed-end fund’s stock worth $383,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Shares of Virtus Investment Partners, Inc. (NASDAQ VRTS) opened at 124.25 on Friday. Virtus Investment Partners, Inc. has a 52-week low of $92.80 and a 52-week high of $128.10. The stock’s 50 day moving average is $115.43 and its 200 day moving average is $110.21. The stock has a market capitalization of $896.71 million, a PE ratio of 24.18 and a beta of 1.76.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, October 30th. Virtus Investment Partners’s payout ratio is 35.02%.

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Several research firms have commented on VRTS. BidaskClub downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Barclays PLC boosted their price target on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 10th. Jefferies Group LLC restated a “hold” rating and issued a $117.00 price target on shares of Virtus Investment Partners in a research note on Friday, August 18th. ValuEngine downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Credit Suisse Group upgraded shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $141.00 to $147.00 in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $129.33.

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.

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

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