MetLife Investment Advisors LLC lowered its stake in shares of Virtus Investment Partners Inc (NASDAQ:VRTS) by 35.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,239 shares of the closed-end fund’s stock after selling 1,808 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Virtus Investment Partners were worth $257,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Neuburgh Advisers LLC increased its holdings in Virtus Investment Partners by 14.8% in the 4th quarter. Neuburgh Advisers LLC now owns 992 shares of the closed-end fund’s stock worth $79,000 after buying an additional 128 shares during the period. Principal Financial Group Inc. increased its holdings in Virtus Investment Partners by 0.3% in the 4th quarter. Principal Financial Group Inc. now owns 58,025 shares of the closed-end fund’s stock worth $4,609,000 after buying an additional 164 shares during the period. Texas Permanent School Fund increased its holdings in Virtus Investment Partners by 3.7% in the 4th quarter. Texas Permanent School Fund now owns 4,677 shares of the closed-end fund’s stock worth $371,000 after buying an additional 168 shares during the period. Penserra Capital Management LLC increased its holdings in Virtus Investment Partners by 29.3% in the 4th quarter. Penserra Capital Management LLC now owns 1,272 shares of the closed-end fund’s stock worth $101,000 after buying an additional 288 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Virtus Investment Partners in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.
Several brokerages recently weighed in on VRTS. BidaskClub upgraded shares of Virtus Investment Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. ValuEngine upgraded shares of Virtus Investment Partners from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Morgan Stanley set a $121.00 price target on shares of Virtus Investment Partners and gave the stock a “hold” rating in a report on Thursday, May 2nd. Bank of America set a $119.00 price target on shares of Virtus Investment Partners and gave the stock a “hold” rating in a report on Tuesday, April 9th. Finally, Zacks Investment Research lowered Virtus Investment Partners from a “hold” rating to a “sell” rating and set a $128.00 price objective on the stock. in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $112.67.
Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, April 26th. The closed-end fund reported $2.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.42. Virtus Investment Partners had a return on equity of 20.19% and a net margin of 13.35%. The business had revenue of $130.70 million for the quarter, compared to analyst estimates of $131.64 million. During the same quarter in the prior year, the firm posted $2.59 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Virtus Investment Partners Inc will post 13.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.55 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.20 annualized dividend and a yield of 1.84%. Virtus Investment Partners’s dividend payout ratio is presently 17.94%.
About Virtus Investment Partners
Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.
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