Virtus Investment Partners, Inc. (VRTS) Shares Sold by Keybank National Association OH

Keybank National Association OH cut its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,775 shares of the closed-end fund’s stock after selling 500 shares during the quarter. Keybank National Association OH owned about 0.15% of Virtus Investment Partners worth $1,250,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VRTS. Vanguard Group Inc. increased its stake in Virtus Investment Partners by 26.5% during the first quarter. Vanguard Group Inc. now owns 647,617 shares of the closed-end fund’s stock worth $68,583,000 after acquiring an additional 135,509 shares during the last quarter. BlackRock Inc. increased its stake in Virtus Investment Partners by 8.3% during the second quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock worth $91,638,000 after acquiring an additional 63,155 shares during the last quarter. Mangrove Partners acquired a new stake in Virtus Investment Partners during the second quarter worth about $4,985,000. Huber Capital Management LLC increased its stake in Virtus Investment Partners by 10.3% during the second quarter. Huber Capital Management LLC now owns 437,985 shares of the closed-end fund’s stock worth $48,594,000 after acquiring an additional 40,924 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its stake in Virtus Investment Partners by 120.9% during the second quarter. Balyasny Asset Management LLC now owns 44,308 shares of the closed-end fund’s stock worth $4,916,000 after acquiring an additional 24,250 shares during the last quarter. Institutional investors own 96.32% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Virtus Investment Partners, Inc. (VRTS) Shares Sold by Keybank National Association OH” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/11/14/virtus-investment-partners-inc-vrts-shares-sold-by-keybank-national-association-oh.html.

Several brokerages have commented on VRTS. Jefferies Group LLC restated a “hold” rating and set a $117.00 price target on shares of Virtus Investment Partners in a research note on Friday, August 18th. Zacks Investment Research upgraded Virtus Investment Partners from a “hold” rating to a “strong-buy” rating and set a $133.00 price target for the company in a research note on Thursday, September 28th. Credit Suisse Group upped their price target on Virtus Investment Partners from $141.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. ValuEngine lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Barclays PLC upped their price target on Virtus Investment Partners from $113.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $130.50.

Shares of Virtus Investment Partners, Inc. (VRTS) opened at $111.20 on Tuesday. Virtus Investment Partners, Inc. has a 1 year low of $97.60 and a 1 year high of $128.10. The firm has a market capitalization of $800.98, a PE ratio of 16.41, a PEG ratio of 0.59 and a beta of 1.86.

Virtus Investment Partners (NASDAQ:VRTS) last issued its earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The company had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $116.85 million. During the same period in the previous year, the company earned $1.64 EPS. Virtus Investment Partners’s quarterly revenue was up 50.3% on a year-over-year basis. analysts predict that Virtus Investment Partners, Inc. will post 7.6 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, October 30th. Virtus Investment Partners’s payout ratio is 33.58%.

About Virtus Investment Partners

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.

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.

Latest News

Leave a Reply