Teachers Advisors LLC Has $1.04 Million Stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Teachers Advisors LLC lessened its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,819 shares of the closed-end fund’s stock after selling 1,146 shares during the period. Teachers Advisors LLC owned 0.14% of Virtus Investment Partners worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Airain ltd purchased a new position in shares of Virtus Investment Partners during the 1st quarter worth $425,000. Prudential Financial Inc. raised its holdings in shares of Virtus Investment Partners by 14.8% during the 1st quarter. Prudential Financial Inc. now owns 11,218 shares of the closed-end fund’s stock worth $1,188,000 after acquiring an additional 1,448 shares during the period. Texas Permanent School Fund raised its holdings in shares of Virtus Investment Partners by 15.0% during the 1st quarter. Texas Permanent School Fund now owns 4,690 shares of the closed-end fund’s stock worth $497,000 after acquiring an additional 610 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Virtus Investment Partners by 17.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,627 shares of the closed-end fund’s stock worth $172,000 after acquiring an additional 244 shares during the period. Finally, State of Tennessee Treasury Department raised its holdings in shares of Virtus Investment Partners by 26.9% during the 1st quarter. State of Tennessee Treasury Department now owns 6,073 shares of the closed-end fund’s stock worth $643,000 after acquiring an additional 1,289 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

VRTS has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Credit Suisse Group boosted their price objective on shares of Virtus Investment Partners from $141.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. Morgan Stanley set a $110.00 price objective on shares of Virtus Investment Partners and gave the company a “hold” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $117.00 price objective on shares of Virtus Investment Partners in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Virtus Investment Partners currently has an average rating of “Hold” and a consensus price target of $119.83.

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Virtus Investment Partners, Inc. (VRTS) opened at 111.80 on Friday. The firm has a market capitalization of $806.86 million, a P/E ratio of 21.76 and a beta of 1.74. Virtus Investment Partners, Inc. has a 52-week low of $92.26 and a 52-week high of $128.10. The firm has a 50-day moving average price of $109.68 and a 200 day moving average price of $108.08.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings results on Friday, July 28th. The closed-end fund reported $1.61 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.05). Virtus Investment Partners had a net margin of 12.13% and a return on equity of 11.35%. The firm had revenue of $94.10 million during the quarter, compared to analyst estimates of $91.78 million. During the same period last year, the company earned $1.24 EPS. The company’s revenue was up 17.5% on a year-over-year basis. Analysts forecast that Virtus Investment Partners, Inc. will post $7.60 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.80 annualized dividend and a dividend yield of 1.61%. Virtus Investment Partners’s dividend payout ratio is currently 35.02%.

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.

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

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