BidaskClub upgraded shares of Virtus Investment Partners, Inc. Zacks Investment Research cut Virtus Investment Partners from a "buy" rating to a "hold" rating in a research note on Wednesday, June 14th. Finally, Koch Industries Inc. purchased a new stake in shares of Virtus Investment Partners during the first quarter worth about $203,000. It operates a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. Credit Suisse Ag holds 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS) for 8,804 shares. The Company provides its products in a number of forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds and separately managed accounts.
Hedge funds have recently bought and sold shares of the stock.
Several other analysts also recently commented on the company. The stock of Virtus Investment Partners Inc (NASDAQ:VRTS) earned "Hold" rating by Jefferies on Wednesday, June 14. Morgan Stanley reaffirmed an "equal weight" rating and issued a $114.00 price objective (up previously from $105.00) on shares of Virtus Investment Partners in a research note on Monday, July 10th. Goldman Sachs initiated the stock with "Sell" rating in Tuesday, November 1 report. They now have a United States dollars 110 price target on the stock.
Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings data on Friday, April 28th.
Shares of the company are trading at $116.55 which is just a bit higher than the 50 day moving average of $105.17 and a bit higher than the 200 day moving average of $109.89. Virtus Investment Partners has a 12-month low of $69.78 and a 12-month high of $128.10. The company has a market cap of $814.57 million, a price-to-earnings ratio of 18.27 and a beta of 1.71. Pub Sector Pension Invest Board invested 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS). Mason Street Advisors Ltd Liability Com reported 1,223 shares or 0% of all its holdings. Baystate Wealth Mgmt Ltd Company has 0% invested in Virtus Investment Partners Inc (NASDAQ:VRTS). The institutional investor held 353,840 shares of the public utilities company at the end of 2016Q4, valued at $25.09 million, up from 327,627 at the end of the previous reported quarter. The firm's quarterly revenue was down.6% compared to the same quarter a year ago. On average, equities research analysts expect that Virtus Investment Partners, Inc. will post $7.51 EPS for the current year. "(VRTS) to Hold" was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was stolen and republished in violation of USA and worldwide copyright laws. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/07/16/virtus-investment-partners-inc-vrts-position-increased-by-dimensional-fund-advisors-lp.html. Shareholders of record on Monday, July 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This dividend represents a yield of $1.54. Virtus Investment Partners's payout ratio is 27.91%.
Paloma Prns Mngmt Com reported 3,573 shares. State of Alaska Department of Revenue raised its position in shares of Virtus Investment Partners by 83.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,627 shares of the closed-end fund's stock valued at $172,000 after buying an additional 244 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Virtus Investment Partners by 5.9% in the fourth quarter. Swiss Comml Bank holds 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS) for 9,600 shares. 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. BNP Paribas Arbitrage SA boosted its stake in shares of Virtus Investment Partners by 17.6% in the first quarter. Municipal Employees Retirement System of MI now owns 1,470 shares of the closed-end fund's stock valued at $156,000 after buying an additional 190 shares during the last quarter. Mason Street Advisors LLC now owns 1,515 shares of the closed-end fund's stock worth $160,000 after buying an additional 292 shares in the last quarter.
Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies.