BNP Paribas Arbitrage SA raised its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 45.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,607 shares of the closed-end fund’s stock after purchasing an additional 1,132 shares during the period. BNP Paribas Arbitrage SA’s holdings in Virtus Investment Partners were worth $419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VRTS. Geode Capital Management LLC increased its position in shares of Virtus Investment Partners by 9.2% during the first quarter. Geode Capital Management LLC now owns 47,980 shares of the closed-end fund’s stock valued at $5,081,000 after acquiring an additional 4,027 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Virtus Investment Partners by 67.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 29,925 shares of the closed-end fund’s stock valued at $3,170,000 after acquiring an additional 12,047 shares in the last quarter. Bank of America Corp DE increased its position in shares of Virtus Investment Partners by 47.6% during the first quarter. Bank of America Corp DE now owns 15,243 shares of the closed-end fund’s stock valued at $1,614,000 after acquiring an additional 4,916 shares in the last quarter. State Street Corp increased its position in shares of Virtus Investment Partners by 16.8% during the first quarter. State Street Corp now owns 144,706 shares of the closed-end fund’s stock valued at $15,327,000 after acquiring an additional 20,823 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Virtus Investment Partners by 19.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 3,509 shares of the closed-end fund’s stock valued at $372,000 after acquiring an additional 574 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Shares of Virtus Investment Partners, Inc. (VRTS) opened at $117.40 on Monday. 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 $840.35, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.62 and a beta of 1.89.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Tuesday, January 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 33.58%.

Several brokerages recently weighed in on VRTS. Jefferies Group reissued a “hold” rating and set a $117.00 price target on shares of Virtus Investment Partners in a research report on Friday, August 18th. BidaskClub raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Zacks Investment Research raised shares of Virtus Investment Partners from a “hold” rating to a “strong-buy” rating and set a $133.00 price target for the company in a research report on Thursday, September 28th. TheStreet raised shares of Virtus Investment Partners from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. Finally, ValuEngine downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $130.50.

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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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