Virtus Investment Partners Inc. (NASDAQ:VRTS) saw unusually-high trading volume on Monday . Approximately 259,102 shares changed 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.

VRTS has been the topic of a number of recent research reports. Credit Suisse Group AG upgraded shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $91.00 in a research note on Thursday, July 14th. Zacks Investment Research upgraded shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Sandler O’Neill cut their target price on shares of Virtus Investment Partners from $91.00 to $71.00 in a research note on Tuesday, April 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $78.67.

The company’s 50-day moving average is $78.26 and its 200 day moving average is $80.63. The company has a market cap of $732.93 million and a P/E ratio of 28.89.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings results on Friday, July 29th. The closed-end fund reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by $0.08. The business earned $80.10 million during the quarter, compared to analysts’ expectations of $78.86 million. The company’s revenue was down 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.21 earnings per share. Equities research analysts anticipate that Virtus Investment Partners Inc. will post $5.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, July 27th.

Other hedge funds have modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Virtus Investment Partners by 1.2% in the fourth quarter. California State Teachers Retirement System now owns 12,648 shares of the closed-end fund’s stock worth $1,486,000 after buying an additional 145 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Virtus Investment Partners by 3.4% in the fourth quarter. Rhumbline Advisers now owns 13,142 shares of the closed-end fund’s stock worth $1,544,000 after buying an additional 433 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Virtus Investment Partners during the fourth quarter worth about $1,934,000. 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 during the last quarter. Finally, 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 during 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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