Marshall Wace North America L.P. bought a new stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,217 shares of the closed-end fund’s stock, valued at approximately $579,000. Marshall Wace North America L.P. owned 0.07% of Virtus Investment Partners as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in VRTS. Citadel Advisors LLC purchased a new stake in Virtus Investment Partners in the first quarter valued at approximately $18,618,000. Vanguard Group Inc. grew its holdings in Virtus Investment Partners by 26.5% in the first quarter. Vanguard Group Inc. now owns 647,617 shares of the closed-end fund’s stock valued at $68,583,000 after purchasing an additional 135,509 shares during the period. Dimensional Fund Advisors LP grew its holdings in Virtus Investment Partners by 23.6% in the first quarter. Dimensional Fund Advisors LP now owns 472,922 shares of the closed-end fund’s stock valued at $50,082,000 after purchasing an additional 90,422 shares during the period. California Public Employees Retirement System grew its holdings in Virtus Investment Partners by 356.1% in the first quarter. California Public Employees Retirement System now owns 87,112 shares of the closed-end fund’s stock valued at $9,225,000 after purchasing an additional 68,012 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Virtus Investment Partners by 50.4% in the first quarter. JPMorgan Chase & Co. now owns 185,925 shares of the closed-end fund’s stock valued at $19,690,000 after purchasing an additional 62,331 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Shares of Virtus Investment Partners, Inc. (NASDAQ VRTS) opened at 109.30 on Wednesday. The firm’s 50-day moving average is $110.34 and its 200 day moving average is $108.05. The stock has a market capitalization of $788.82 million, a P/E ratio of 21.27 and a beta of 1.74. Virtus Investment Partners, Inc. has a 1-year low of $87.98 and a 1-year high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, July 28th. The closed-end fund reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.05). Virtus Investment Partners had a return on equity of 11.35% and a net margin of 12.13%. The firm had revenue of $94.10 million during the quarter, compared to analyst estimates of $91.78 million. During the same quarter in the prior year, the company posted $1.24 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts expect that Virtus Investment Partners, Inc. will post $7.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.80 dividend on an annualized basis and a yield of 1.65%. Virtus Investment Partners’s dividend payout ratio is currently 35.02%.

A number of equities research analysts recently issued reports on VRTS shares. Morgan Stanley set a $110.00 target price on shares of Virtus Investment Partners and gave the company a “hold” rating in a report on Monday, July 17th. Credit Suisse Group boosted their price objective on shares of Virtus Investment Partners from $141.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. Barclays PLC began coverage on shares of Virtus Investment Partners in a research note on Friday, September 8th. They set an “equal weight” rating and a $113.00 price objective for the company. BidaskClub upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, ValuEngine downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Virtus Investment Partners currently has a consensus rating of “Hold” and an average target price of $119.83.

COPYRIGHT VIOLATION WARNING: “Marshall Wace North America L.P. Buys New Holdings in Virtus Investment Partners, Inc. (VRTS)” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/09/13/marshall-wace-north-america-l-p-buys-new-holdings-in-virtus-investment-partners-inc-vrts.html.

Virtus Investment Partners 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.

Want to see what other hedge funds are holding VRTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtus Investment Partners, Inc. (NASDAQ:VRTS).

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

Receive News & Ratings for Virtus Investment Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.