Virtus Investment Partners Inc (NASDAQ:VRTS) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in Virtus Investment Partners Inc (NASDAQ:VRTS) by 109.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 39,919 shares of the closed-end fund’s stock after acquiring an additional 20,848 shares during the period. AQR Capital Management LLC owned 0.52% of Virtus Investment Partners worth $3,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Meeder Asset Management Inc. raised its holdings in Virtus Investment Partners by 55.3% in the 1st quarter. Meeder Asset Management Inc. now owns 553 shares of the closed-end fund’s stock valued at $42,000 after acquiring an additional 197 shares during the last quarter. Morgan Stanley grew its stake in shares of Virtus Investment Partners by 66.7% during the 1st quarter. Morgan Stanley now owns 75,107 shares of the closed-end fund’s stock valued at $5,715,000 after buying an additional 30,039 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Virtus Investment Partners by 15.6% during the 1st quarter. Thrivent Financial for Lutherans now owns 6,954 shares of the closed-end fund’s stock valued at $529,000 after buying an additional 937 shares during the period. Geode Capital Management LLC grew its stake in shares of Virtus Investment Partners by 14.3% during the 1st quarter. Geode Capital Management LLC now owns 101,782 shares of the closed-end fund’s stock valued at $7,746,000 after buying an additional 12,740 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Virtus Investment Partners by 68.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,685 shares of the closed-end fund’s stock valued at $280,000 after buying an additional 1,493 shares during the period. Institutional investors own 82.18% of the company’s stock.

Shares of Virtus Investment Partners stock opened at $112.89 on Wednesday. The firm’s 50-day simple moving average is $101.79 and its 200-day simple moving average is $105.30. The firm has a market cap of $868.74 million, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60. Virtus Investment Partners Inc has a 1 year low of $55.37 and a 1 year high of $141.79.

Virtus Investment Partners (NASDAQ:VRTS) last issued its earnings results on Friday, May 1st. The closed-end fund reported $3.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.12 by $0.20. The firm had revenue of $127.11 million during the quarter, compared to analysts’ expectations of $120.39 million. Virtus Investment Partners had a net margin of 12.06% and a return on equity of 22.11%. Equities analysts expect that Virtus Investment Partners Inc will post 13.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.67 dividend. The ex-dividend date is Thursday, July 30th. This represents a $2.68 annualized dividend and a dividend yield of 2.37%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 18.11%.

Several brokerages have recently issued reports on VRTS. TheStreet raised shares of Virtus Investment Partners from a “c+” rating to a “b-” rating in a research note on Tuesday, March 3rd. Zacks Investment Research cut shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Friday, April 10th. Bank of America decreased their price target on shares of Virtus Investment Partners from $103.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. BidaskClub raised shares of Virtus Investment Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Barclays upped their price target on shares of Virtus Investment Partners from $105.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $111.80.

Virtus Investment Partners Profile

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

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