Citadel Advisors LLC Sells 58,518 Shares of Virtus Investment Partners Inc (NASDAQ:VRTS)

Citadel Advisors LLC reduced its position in shares of Virtus Investment Partners Inc (NASDAQ:VRTS) by 64.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,894 shares of the closed-end fund’s stock after selling 58,518 shares during the quarter. Citadel Advisors LLC owned about 0.46% of Virtus Investment Partners worth $3,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in VRTS. Vanguard Group Inc. grew its position in shares of Virtus Investment Partners by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 728,642 shares of the closed-end fund’s stock worth $78,257,000 after buying an additional 11,083 shares during the period. WCM Investment Management LLC grew its position in shares of Virtus Investment Partners by 70.0% during the 1st quarter. WCM Investment Management LLC now owns 125,198 shares of the closed-end fund’s stock worth $12,213,000 after buying an additional 51,542 shares during the period. Northern Trust Corp grew its position in shares of Virtus Investment Partners by 4.1% during the 2nd quarter. Northern Trust Corp now owns 101,832 shares of the closed-end fund’s stock worth $10,937,000 after buying an additional 3,982 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Virtus Investment Partners by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,387 shares of the closed-end fund’s stock worth $4,338,000 after buying an additional 691 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Virtus Investment Partners during the 2nd quarter worth about $4,041,000. 90.34% of the stock is owned by hedge funds and other institutional investors.

Shares of VRTS opened at $110.84 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 27.91 and a current ratio of 27.91. The stock has a 50 day simple moving average of $106.49 and a 200 day simple moving average of $108.23. Virtus Investment Partners Inc has a 52-week low of $70.00 and a 52-week high of $126.55. The firm has a market capitalization of $805.75 million, a PE ratio of 9.04, a P/E/G ratio of 1.34 and a beta of 1.60.



Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings data on Friday, July 26th. The closed-end fund reported $3.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.41 by $0.22. Virtus Investment Partners had a return on equity of 21.29% and a net margin of 13.86%. The business had revenue of $140.49 million during the quarter, compared to analyst estimates of $144.92 million. During the same period in the previous year, the firm earned $2.73 EPS. Virtus Investment Partners’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Virtus Investment Partners Inc will post 13.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.67 dividend. The ex-dividend date is Wednesday, October 30th. This is a positive change from Virtus Investment Partners’s previous quarterly dividend of $0.55. This represents a $2.68 annualized dividend and a dividend yield of 2.42%. Virtus Investment Partners’s payout ratio is currently 17.94%.

VRTS has been the subject of several analyst reports. Bank of America restated a “neutral” rating and set a $118.00 target price (down from $130.00) on shares of Virtus Investment Partners in a research report on Thursday, June 6th. BidaskClub lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded Virtus Investment Partners from a “hold” rating to a “strong-buy” rating and set a $122.00 target price for the company in a research report on Saturday, July 13th. Morgan Stanley decreased their target price on Virtus Investment Partners from $118.00 to $108.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Finally, ValuEngine upgraded Virtus Investment Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $108.33.

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.

Further Reading: SEC Filing

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

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