Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) had its price objective upped by equities research analysts at Morgan Stanley from $149.00 to $152.00 in a research note issued on Tuesday, MarketBeat.com reports. The brokerage currently has an "underweight" rating on the closed-end fund's stock. Morgan Stanley's price objective would indicate a potential downside of 7.88% from the stock's current price.
VRTS has been the subject of a number of other reports. StockNews.com cut shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Piper Sandler cut their price target on Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays set a $150.00 price objective on Virtus Investment Partners and gave the stock an "underweight" rating in a research note on Monday, April 28th. Finally, TD Cowen cut their price objective on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $167.75.
View Our Latest Stock Analysis on VRTS
Virtus Investment Partners Stock Performance
VRTS traded down $1.48 during mid-day trading on Tuesday, reaching $165.01. 41,656 shares of the company traded hands, compared to its average volume of 40,062. The company's fifty day moving average price is $163.35 and its 200-day moving average price is $198.46. The stock has a market capitalization of $1.14 billion, a P/E ratio of 9.76 and a beta of 1.47. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners has a 52-week low of $142.18 and a 52-week high of $252.82.
Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last posted its earnings results on Friday, April 25th. The closed-end fund reported $5.73 earnings per share for the quarter, beating analysts' consensus estimates of $5.68 by $0.05. The company had revenue of $217.93 million for the quarter, compared to the consensus estimate of $201.99 million. Virtus Investment Partners had a return on equity of 21.56% and a net margin of 13.42%. During the same quarter in the prior year, the company earned $5.41 earnings per share. On average, sell-side analysts expect that Virtus Investment Partners will post 27.7 EPS for the current year.
Institutional Trading of Virtus Investment Partners
Large investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its stake in Virtus Investment Partners by 63.6% during the 1st quarter. Deutsche Bank AG now owns 10,086 shares of the closed-end fund's stock worth $1,738,000 after purchasing an additional 3,920 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Virtus Investment Partners by 8.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 299,961 shares of the closed-end fund's stock worth $51,701,000 after purchasing an additional 23,081 shares during the last quarter. R Squared Ltd grew its position in shares of Virtus Investment Partners by 311.8% in the first quarter. R Squared Ltd now owns 1,400 shares of the closed-end fund's stock valued at $241,000 after purchasing an additional 1,060 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Virtus Investment Partners in the first quarter valued at approximately $253,000. Finally, XTX Topco Ltd purchased a new position in Virtus Investment Partners during the first quarter worth approximately $963,000. 80.52% of the stock is owned by hedge funds and other institutional investors.
About Virtus Investment Partners
(
Get Free Report)
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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