Virtus Investment Partners Inc (VRTS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lessened its position in shares of Virtus Investment Partners Inc (NASDAQ:VRTS) by 8.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,839 shares of the closed-end fund’s stock after selling 430 shares during the quarter. Texas Permanent School Fund’s holdings in Virtus Investment Partners were worth $557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRTS. Point72 Asset Management L.P. grew its holdings in Virtus Investment Partners by 2,031.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 74,600 shares of the closed-end fund’s stock valued at $8,657,000 after buying an additional 71,100 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Virtus Investment Partners by 8.3% in the 2nd quarter. BlackRock Inc. now owns 825,955 shares of the closed-end fund’s stock valued at $91,638,000 after purchasing an additional 63,155 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Virtus Investment Partners by 8.6% in the 2nd quarter. Vanguard Group Inc. now owns 703,488 shares of the closed-end fund’s stock valued at $78,051,000 after purchasing an additional 55,871 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Virtus Investment Partners by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 174,866 shares of the closed-end fund’s stock valued at $20,302,000 after purchasing an additional 42,139 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Virtus Investment Partners by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 475,167 shares of the closed-end fund’s stock valued at $55,143,000 after purchasing an additional 23,679 shares during the last quarter. Institutional investors and hedge funds own 96.96% of the company’s stock.

Shares of Virtus Investment Partners Inc (NASDAQ:VRTS) opened at $126.00 on Monday. Virtus Investment Partners Inc has a one year low of $97.60 and a one year high of $134.65. The stock has a market capitalization of $901.91, a P/E ratio of 16.43, a PEG ratio of 0.28 and a beta of 1.79.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings results on Friday, February 2nd. The closed-end fund reported $2.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.42 by $0.18. Virtus Investment Partners had a return on equity of 13.93% and a net margin of 8.70%. The firm had revenue of $128.00 million during the quarter, compared to analyst estimates of $127.09 million. During the same period last year, the company earned $1.75 EPS. Virtus Investment Partners’s quarterly revenue was up 60.2% compared to the same quarter last year. equities analysts predict that Virtus Investment Partners Inc will post 12.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, April 27th. Virtus Investment Partners’s dividend payout ratio is currently 45.57%.

Several equities research analysts have recently issued reports on the company. Morgan Stanley set a $121.00 price objective on Virtus Investment Partners and gave the company a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th. TheStreet lowered Virtus Investment Partners from a “b” rating to a “c+” rating in a research note on Wednesday, February 14th. Barclays raised their price objective on Virtus Investment Partners from $133.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, February 5th. Finally, BidaskClub lowered Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Virtus Investment Partners presently has a consensus rating of “Hold” and an average price target of $139.00.

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

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