State Street Corp boosted its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,490 shares of the closed-end fund’s stock after purchasing an additional 9,784 shares during the period. State Street Corp owned about 2.14% of Virtus Investment Partners worth $17,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Virtus Investment Partners by 26.5% in the 1st quarter. Vanguard Group Inc. now owns 647,617 shares of the closed-end fund’s stock valued at $68,583,000 after acquiring an additional 135,509 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Virtus Investment Partners by 8.3% in the 2nd quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock valued at $91,638,000 after acquiring an additional 63,155 shares in the last quarter. Mangrove Partners bought a new position in shares of Virtus Investment Partners in the 2nd quarter valued at about $4,985,000. Huber Capital Management LLC grew its holdings in shares of Virtus Investment Partners by 10.3% in the 2nd quarter. Huber Capital Management LLC now owns 437,985 shares of the closed-end fund’s stock valued at $48,594,000 after acquiring an additional 40,924 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in shares of Virtus Investment Partners by 120.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 44,308 shares of the closed-end fund’s stock valued at $4,916,000 after acquiring an additional 24,250 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Several equities analysts have recently weighed in on VRTS shares. Morgan Stanley set a $123.00 price objective on Virtus Investment Partners and gave the company an “equal weight” rating in a report on Thursday, October 5th. Credit Suisse Group upgraded Virtus Investment Partners from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $141.00 to $147.00 in a report on Monday, July 31st. Barclays PLC raised their price objective on Virtus Investment Partners from $116.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. Zacks Investment Research cut Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Bank of America Corporation upgraded Virtus Investment Partners from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $112.00 to $130.00 in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $130.50.

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Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) opened at $115.80 on Tuesday. Virtus Investment Partners, Inc. has a one year low of $97.60 and a one year high of $128.10. The stock has a market cap of $824.24, a PE ratio of 16.88, a P/E/G ratio of 0.61 and a beta of 1.86.

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 Thomson Reuters’ 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 firm had revenue of $123.70 million during the quarter, compared to analyst estimates of $116.85 million. During the same quarter last year, the business posted $1.64 earnings per share. The company’s revenue for the quarter was up 50.3% on a year-over-year basis. equities research analysts expect that Virtus Investment Partners, Inc. will post 7.52 EPS for the current year.

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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