The Manufacturers Life Insurance Company increased its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 40.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,347 shares of the closed-end fund’s stock after acquiring an additional 1,544 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Virtus Investment Partners worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of Virtus Investment Partners by 17.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 20,622 shares of the closed-end fund’s stock worth $2,288,000 after acquiring an additional 3,100 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter worth approximately $579,000. Teachers Advisors LLC boosted its position in shares of Virtus Investment Partners by 21.6% during the 2nd quarter. Teachers Advisors LLC now owns 11,940 shares of the closed-end fund’s stock worth $1,325,000 after acquiring an additional 2,121 shares in the last quarter. BlackRock Inc. boosted its position in shares of Virtus Investment Partners by 8.3% during the 2nd quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock worth $91,638,000 after acquiring an additional 63,155 shares in the last quarter. Finally, Mangrove Partners acquired a new stake in Virtus Investment Partners in the second quarter valued at approximately $4,985,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

Shares of Virtus Investment Partners, Inc. (VRTS) opened at $117.30 on Wednesday. The firm has a market cap of $828.90, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.86. Virtus Investment Partners, Inc. has a 52-week low of $97.60 and a 52-week high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly 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). The business had revenue of $123.70 million for the quarter, compared to the consensus estimate of $116.85 million. Virtus Investment Partners had a net margin of 11.64% and a return on equity of 12.75%. Virtus Investment Partners’s revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 EPS. equities research analysts forecast that Virtus Investment Partners, Inc. will post 7.52 earnings per share for the current fiscal year.

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VRTS has been the topic of a number of research analyst reports. Credit Suisse Group raised their target price on shares of Virtus Investment Partners from $141.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Virtus Investment Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 12th. Jefferies Group LLC restated a “hold” rating and issued a $117.00 target price on shares of Virtus Investment Partners in a research report on Friday, August 18th. ValuEngine lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Barclays PLC raised their target price on shares of Virtus Investment Partners from $116.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $130.50.

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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