Victory Capital Management Inc. increased its position in shares of Virtus Investment Partners Inc. (NASDAQ:VRTS) by 0.9% during the third quarter, Holdings Channel reports. The firm owned 461,450 shares of the closed-end fund’s stock after buying an additional 4,175 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Virtus Investment Partners worth $45,157,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Virtus Investment Partners by 260.8% in the second quarter. BlackRock Inc. now owns 1,786 shares of the closed-end fund’s stock worth $127,000 after buying an additional 1,291 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Virtus Investment Partners by 87.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,052 shares of the closed-end fund’s stock worth $146,000 after buying an additional 957 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Virtus Investment Partners during the third quarter worth $245,000. Loews Corp bought a new stake in shares of Virtus Investment Partners during the second quarter worth $205,000. Finally, Arizona State Retirement System raised its stake in shares of Virtus Investment Partners by 0.9% in the third quarter. Arizona State Retirement System now owns 3,000 shares of the closed-end fund’s stock worth $294,000 after buying an additional 28 shares during the period. 96.65% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Virtus Investment Partners Inc. (NASDAQ:VRTS) traded up 0.04% on Wednesday, hitting $115.45. 6,901 shares of the company’s stock were exchanged. The stock has a market cap of $679.77 million, a price-to-earnings ratio of 22.54 and a beta of 1.77. Virtus Investment Partners Inc. has a 12-month low of $66.12 and a 12-month high of $141.97. The company’s 50-day moving average price is $104.21 and its 200 day moving average price is $89.96.

Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings data on Friday, October 28th. The closed-end fund reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.16. Virtus Investment Partners had a net margin of 12.99% and a return on equity of 9.15%. The business had revenue of $82.30 million for the quarter, compared to analyst estimates of $80.77 million. During the same period last year, the business earned $1.74 EPS. The company’s revenue was down 10.9% on a year-over-year basis. On average, equities analysts predict that Virtus Investment Partners Inc. will post $5.75 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on the stock. Jefferies Group boosted their target price on shares of Virtus Investment Partners from $74.00 to $87.00 and gave the company a “hold” rating in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of Virtus Investment Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. TheStreet upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Thursday, November 10th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $110.00 target price on shares of Virtus Investment Partners in a research report on Monday, November 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Virtus Investment Partners currently has an average rating of “Hold” and an average target price of $97.00.

In other news, major shareholder Of Montreal /Can/ Bank sold 1,727,746 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $93.50, for a total value of $161,544,251.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by insiders.

About Virtus Investment Partners

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.

5 Day Chart for NASDAQ:VRTS

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