Voya Investment Management LLC raised its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 17.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,871 shares of the closed-end fund’s stock after buying an additional 427 shares during the quarter. Voya Investment Management LLC’s holdings in Virtus Investment Partners were worth $319,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in Virtus Investment Partners by 83.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,305 shares of the closed-end fund’s stock valued at $144,000 after buying an additional 595 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Virtus Investment Partners by 6.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,570 shares of the closed-end fund’s stock valued at $174,000 after purchasing an additional 100 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Virtus Investment Partners in the 2nd quarter valued at approximately $205,000. OppenheimerFunds Inc. boosted its stake in shares of Virtus Investment Partners by 25.4% in the 1st quarter. OppenheimerFunds Inc. now owns 2,288 shares of the closed-end fund’s stock valued at $243,000 after purchasing an additional 464 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Virtus Investment Partners in the 1st quarter valued at approximately $249,000. 96.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) opened at $111.20 on Tuesday. Virtus Investment Partners, Inc. has a 1 year low of $97.60 and a 1 year high of $128.10. The company has a market cap of $800.98, a P/E ratio of 16.41, a P/E/G ratio of 0.59 and a beta of 1.86.

Virtus Investment Partners (NASDAQ:VRTS) last posted its earnings results on Friday, October 27th. The closed-end fund reported $2.30 EPS for the quarter, missing the consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $116.85 million. During the same quarter in the prior year, the business earned $1.64 earnings per share. The firm’s quarterly revenue was up 50.3% on a year-over-year basis. equities research analysts expect that Virtus Investment Partners, Inc. will post 7.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.45 per share. The ex-dividend date is Monday, October 30th. This represents a $1.80 annualized dividend and a yield of 1.62%. Virtus Investment Partners’s dividend payout ratio is presently 33.58%.

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley set a $121.00 price target on shares of Virtus Investment Partners and gave the company a “hold” rating in a research note on Monday, October 23rd. Barclays PLC raised their price target on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 10th. BidaskClub downgraded shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and issued a $127.00 price target (up from $117.00) on shares of Virtus Investment Partners in a research note on Tuesday, October 10th. Finally, Credit Suisse Group upgraded shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and raised their price target for the company from $141.00 to $147.00 in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price 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.

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

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