Breaking: Virtus Investment Partners Inc Just Recorded A Sigfniciant Increase

Breaking: Virtus Investment Partners Inc Just Recorded A Sigfniciant Increase

The stock of Virtus Investment Partners Inc (NASDAQ:VRTS) is a huge mover today! The stock increased 19.82% or $18.45 during the last trading session, hitting $111.55. About 338,722 shares traded hands or 357.09% up from the average. Virtus Investment Partners Inc (NASDAQ:VRTS) has risen 21.26% since March 28, 2016 and is uptrending. It has outperformed by 16.54% the S&P500.
The move comes after 9 months positive chart setup for the $834.10M company. It was reported on Oct, 28 by Barchart.com. We have $168.44 PT which if reached, will make NASDAQ:VRTS worth $425.39 million more.

Analysts await Virtus Investment Partners Inc (NASDAQ:VRTS) to report earnings on November, 4. They expect $1.47 earnings per share, down 15.52% or $0.27 from last year’s $1.74 per share. VRTS’s profit will be $10.99 million for 18.97 P/E if the $1.47 EPS becomes a reality. After $1.24 actual earnings per share reported by Virtus Investment Partners Inc for the previous quarter, Wall Street now forecasts 18.55% EPS growth.

Virtus Investment Partners Inc (NASDAQ:VRTS) Ratings Coverage

Out of 5 analysts covering Virtus Investment Partners (NASDAQ:VRTS), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Virtus Investment Partners has been the topic of 10 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Tuesday, September 1, the company rating was downgraded by Sandler O’Neill. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, August 4. The rating was downgraded by Jefferies to “Hold” on Thursday, March 10. The firm has “Hold” rating by Zacks given on Tuesday, September 22. The firm earned “Hold” rating on Monday, November 2 by Sandler O’Neill. Credit Suisse upgraded the shares of VRTS in a report on Friday, July 15 to “Outperform” rating.

According to Zacks Investment Research, “Virtus Investment Partners, Inc., headquartered in Hartford, Connecticut, provides investment management products and services to individuals and institutions in the United States. . It operates a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. Investors have an array of needs and Virtus Investment Partners offers a variety of investment styles and multiple disciplines to meet those needs. The Company provides its products in a number of forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds and separately managed accounts. The Company manages institutional accounts for corporations, multi-employer retirement funds and foundations, endowments, special purpose funds and other types of institutions.”

Insitutional Activity: The institutional sentiment decreased to 0.66 in 2016 Q2. Its down 0.54, from 1.2 in 2016Q1. The ratio turned negative, as 16 funds sold all Virtus Investment Partners Inc shares owned while 42 reduced positions. 9 funds bought stakes while 29 increased positions. They now own 7.73 million shares or 30.15% more from 5.94 million shares in 2016Q1.
Nationwide Fund Advisors has invested 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS). The New York-based Blackrock Incorporated has invested 0% in Virtus Investment Partners Inc (NASDAQ:VRTS). Capwealth Advsr Ltd Com holds 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS) for 13 shares. State Of Tennessee Treasury Department holds 0% or 4,784 shares in its portfolio. Bartlett And Co Ltd Liability holds 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS) for 5 shares. Metropolitan Life Company Ny last reported 0% of its portfolio in the stock. Moreover, Deutsche Bank & Trust Ag has 0% invested in Virtus Investment Partners Inc (NASDAQ:VRTS) for 28,976 shares. The Pennsylvania-based Riggs Asset Managment Commerce has invested 0% in Virtus Investment Partners Inc (NASDAQ:VRTS). The California-based Granite Prns Ltd Llc has invested 0.51% in Virtus Investment Partners Inc (NASDAQ:VRTS). The Arizona-based Arizona State Retirement Sys has invested 0% in Virtus Investment Partners Inc (NASDAQ:VRTS). Royal Fincl Bank Of Canada last reported 0% of its portfolio in the stock. National Bank & Trust Of Montreal Can holds 1.75M shares or 0.14% of its portfolio. Macquarie Gru Ltd holds 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS) for 11,790 shares. Teachers Retirement Of The State Of Kentucky holds 1,900 shares or 0% of its portfolio. Weatherbie Capital Limited Liability Com holds 1.09% or 108,020 shares in its portfolio.

More notable recent Virtus Investment Partners Inc (NASDAQ:VRTS) news were published by: Benzinga.com which released: “20 Biggest Mid-Day Gainers For Friday” on October 28, 2016, also Prnewswire.com with their article: “Virtus Investment Partners Enters New Unsecured Credit Facility” published on October 03, 2016, Prnewswire.com published: “Virtus Investment Partners Announces Self-Tender Offer For Up To $75.0 Million …” on May 09, 2016. More interesting news about Virtus Investment Partners Inc (NASDAQ:VRTS) were released by: Prnewswire.com and their article: “Virtus Investment Partners Announces Final Results of Tender Offer” published on June 14, 2016 as well as Prnewswire.com‘s news article titled: “Virtus Investment Partners Announces Preliminary Results of Tender Offer” with publication date: June 09, 2016.

VRTS Company Profile

Virtus Investment Partners, Inc. (Virtus), incorporated on October 1, 2008, is a well-known provider of investment management and related services to individuals and institutions. The Firm provides investment management and related services to individuals and institutions throughout the United States. The Firm provides its products in various forms and through multiple distribution channels. The Company’s 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. The Company’s open-end mutual funds are distributed through intermediaries. The Company’s closed-end funds trade on the New York Stock Exchange. The Company’s variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high net-worth clients of its affiliated managers.

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