Shares of Virtus Investment Partners Inc. (NASDAQ:VRTS) saw unusually-strong trading volume on Monday . Approximately 259,102 shares traded hands during trading, an increase of 188% from the previous session’s volume of 89,831 shares.The stock last traded at $85.08 and had previously closed at $84.29.

A number of equities research analysts recently weighed in on VRTS shares. Sandler O’Neill decreased their price objective on shares of Virtus Investment Partners from $91.00 to $71.00 in a report on Tuesday, April 12th. Zacks Investment Research lowered shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Finally, Credit Suisse Group AG upgraded shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $91.00 in a report on Thursday, July 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.67.

The firm has a market capitalization of $709.21 million and a price-to-earnings ratio of 26.83. The company’s 50 day moving average is $77.92 and its 200-day moving average is $80.67.

Virtus Investment Partners (NASDAQ:VRTS) last issued its earnings results on Friday, July 29th. The closed-end fund reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.32 by $0.08. The firm had revenue of $80.10 million for the quarter, compared to analyst estimates of $78.86 million. The firm’s revenue was down 19.6% on a year-over-year basis. During the same period last year, the business earned $2.21 EPS. Equities research analysts expect that Virtus Investment Partners Inc. will post $5.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Wednesday, July 27th.

Several large investors have recently made changes to their positions in VRTS. Wells Fargo & Company MN raised its stake in shares of Virtus Investment Partners by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 368,243 shares of the closed-end fund’s stock worth $43,254,000 after buying an additional 8,379 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Virtus Investment Partners by 12.5% in the fourth quarter. Victory Capital Management Inc. now owns 248,296 shares of the closed-end fund’s stock worth $29,165,000 after buying an additional 27,680 shares in the last quarter. Morgan Stanley raised its stake in shares of Virtus Investment Partners by 1,599.3% in the fourth quarter. Morgan Stanley now owns 94,889 shares of the closed-end fund’s stock worth $11,145,000 after buying an additional 89,305 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Virtus Investment Partners by 9.1% in the fourth quarter. New York State Common Retirement Fund now owns 26,495 shares of the closed-end fund’s stock worth $3,112,000 after buying an additional 2,199 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Virtus Investment Partners by 3.9% in the fourth quarter. First Trust Advisors LP now owns 24,959 shares of the closed-end fund’s stock worth $2,932,000 after buying an additional 941 shares in the last quarter.

Virtus Investment Partners, Inc 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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