State Street Corp Has $17.14 Million Position in Virtus Investment Partners, Inc. (VRTS)

State Street Corp lifted its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 2.14% of Virtus Investment Partners worth $17,136,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VRTS. State of Alaska Department of Revenue raised its position in shares of Virtus Investment Partners by 83.8% during 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 raised its position in shares of Virtus Investment Partners by 6.8% during 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 buying an additional 100 shares during the period. Aperio Group LLC purchased a new stake in shares of Virtus Investment Partners during the 2nd quarter valued at approximately $205,000. OppenheimerFunds Inc. raised its position in shares of Virtus Investment Partners by 25.4% during the 1st quarter. OppenheimerFunds Inc. now owns 2,288 shares of the closed-end fund’s stock valued at $243,000 after buying an additional 464 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Virtus Investment Partners during the 1st quarter valued at approximately $249,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

VRTS has been the topic of several analyst reports. TheStreet raised shares of Virtus Investment Partners from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. BidaskClub raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays lifted their price target 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. Morgan Stanley set a $123.00 target price on Virtus Investment Partners and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Finally, ValuEngine lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $130.50.

Virtus Investment Partners, Inc. (NASDAQ VRTS) traded up $0.35 during trading hours on Wednesday, hitting $119.75. 18,209 shares of the company’s stock traded hands, compared to its average volume of 71,021. The firm has a market capitalization of $863.97, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 0.64 and a beta of 1.89. Virtus Investment Partners, Inc. has a fifty-two week low of $97.60 and a fifty-two week high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings results on Friday, October 27th. The closed-end fund reported $2.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.08). The business had revenue of $123.70 million during the quarter, compared to analyst estimates of $116.85 million. Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The business’s revenue was up 50.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 EPS. analysts forecast that Virtus Investment Partners, Inc. will post 7.52 earnings per share for the current year.

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Virtus Investment Partners Company 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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