WCM Investment Management CA Has $4.67 Million Stake in Virtus Investment Partners Inc (VRTS)

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WCM Investment Management CA trimmed its holdings in shares of Virtus Investment Partners Inc (NASDAQ:VRTS) by 11.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 36,493 shares of the closed-end fund’s stock after selling 4,913 shares during the period. WCM Investment Management CA’s holdings in Virtus Investment Partners were worth $4,669,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in Virtus Investment Partners during the 1st quarter valued at about $206,000. Piedmont Investment Advisors LLC bought a new position in Virtus Investment Partners during the 2nd quarter valued at about $215,000. Aperio Group LLC bought a new position in Virtus Investment Partners during the 2nd quarter valued at about $218,000. Crossmark Global Holdings Inc. bought a new position in Virtus Investment Partners during the 2nd quarter valued at about $239,000. Finally, SG Americas Securities LLC bought a new position in Virtus Investment Partners during the 2nd quarter valued at about $272,000. 97.52% of the stock is owned by institutional investors.

Shares of NASDAQ:VRTS opened at $122.25 on Friday. Virtus Investment Partners Inc has a one year low of $106.55 and a one year high of $138.02. The company has a quick ratio of 27.62, a current ratio of 27.62 and a debt-to-equity ratio of 0.46. The company has a market cap of $870.33 million, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.39 and a beta of 1.49.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings results on Friday, July 27th. The closed-end fund reported $2.97 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.05). Virtus Investment Partners had a return on equity of 17.39% and a net margin of 13.76%. The business had revenue of $132.93 million for the quarter, compared to analyst estimates of $134.07 million. During the same quarter in the prior year, the firm earned $1.61 EPS. The firm’s quarterly revenue was up 41.2% compared to the same quarter last year. equities research analysts forecast that Virtus Investment Partners Inc will post 12.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be given a dividend of $0.55 per share. This is a boost from Virtus Investment Partners’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, October 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.80%. Virtus Investment Partners’s payout ratio is currently 23.44%.

A number of brokerages have weighed in on VRTS. Credit Suisse Group boosted their target price on shares of Virtus Investment Partners from $174.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Barclays boosted their target price on shares of Virtus Investment Partners from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, July 30th. BidaskClub downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Morgan Stanley boosted their target price on shares of Virtus Investment Partners from $137.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 12th. Finally, Sandler O’Neill set a $140.00 target price on shares of Virtus Investment Partners and gave the stock a “hold” rating in a research note on Friday, July 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $142.00.

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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