Virtus Investment Partners, Inc. (NASDAQ:VRTS) had its price target hoisted by Credit Suisse Group from $141.00 to $147.00 in a report issued on Tuesday. They currently have a neutral rating on the closed-end fund’s stock.

“attractive,” Credit Suisse Group’s analyst commented.

Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Virtus Investment Partners from a hold rating to a buy rating in a research report on Sunday, July 16th. Morgan Stanley initiated coverage on shares of Virtus Investment Partners in a research report on Thursday, June 1st. They set an equal weight rating and a $105.00 price objective on the stock. Zacks Investment Research downgraded shares of Virtus Investment Partners from a buy rating to a hold rating in a research report on Wednesday, June 14th. Finally, Jefferies Group LLC set a $110.00 price objective on shares of Virtus Investment Partners and gave the company a hold rating in a research report on Sunday, April 30th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Virtus Investment Partners currently has a consensus rating of Hold and a consensus price target of $119.80.

Virtus Investment Partners (NASDAQ:VRTS) traded down 0.22% during midday trading on Tuesday, hitting $111.05. 40,542 shares of the company were exchanged. Virtus Investment Partners has a 1-year low of $87.03 and a 1-year high of $128.10. The stock has a 50 day moving average of $113.71 and a 200-day moving average of $108.72. The stock has a market capitalization of $801.45 million, a price-to-earnings ratio of 21.61 and a beta of 1.72.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings data on Friday, July 28th. The closed-end fund reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.05. The company had revenue of $94.10 million for the quarter, compared to the consensus estimate of $91.78 million. Virtus Investment Partners had a net margin of 12.13% and a return on equity of 11.35%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. Equities analysts expect that Virtus Investment Partners will post $7.58 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.80 dividend on an annualized basis and a yield of 1.62%. Virtus Investment Partners’s dividend payout ratio (DPR) is 35.02%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its position in Virtus Investment Partners by 83.8% in the second quarter. State of Alaska Department of Revenue now owns 1,305 shares of the closed-end fund’s stock valued at $144,000 after buying an additional 595 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Virtus Investment Partners by 14.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 1,470 shares of the closed-end fund’s stock valued at $156,000 after buying an additional 190 shares during the last quarter. Mason Street Advisors LLC increased its position in Virtus Investment Partners by 23.9% in the first quarter. Mason Street Advisors LLC now owns 1,515 shares of the closed-end fund’s stock valued at $160,000 after buying an additional 292 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Virtus Investment Partners by 17.6% in the first quarter. BNP Paribas Arbitrage SA now owns 1,627 shares of the closed-end fund’s stock valued at $172,000 after buying an additional 244 shares during the last quarter. Finally, Koch Industries Inc. acquired a new position in Virtus Investment Partners during the first quarter valued at $203,000. Institutional investors own 98.32% of the company’s stock.

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.

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