TD Cowen Has Lowered Expectations for Virtus Investment Partners (NASDAQ:VRTS) Stock Price

Key Points

• TD Cowen trimmed its target on Virtus from $132 to $131 and kept a "hold" rating—implying about a 3.1% downside—and other analysts have also cut targets, leaving a MarketBeat consensus rating of "Reduce" with an average target of $137.75.
• Shares traded down to $135.18 (‑0.6%) with a market cap of about $903.3M and a P/E of 8.00; the stock's one‑year range is $121.61–$215.06.
• Director W. Howard Morris disclosed an insider purchase of 2,150 shares at $129.34; insiders own 6.4% of the company while institutional investors hold roughly 80.5%.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) had its target price decreased by stock analysts at TD Cowen from $132.00 to $131.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the closed-end fund's stock. TD Cowen's price objective suggests a potential downside of 3.09% from the company's previous close.

Other equities research analysts have also issued reports about the company. Piper Sandler lowered their price objective on Virtus Investment Partners from $181.00 to $170.00 and set an "overweight" rating for the company in a research note on Monday. Zacks Research raised Virtus Investment Partners from a "strong sell" rating to a "hold" rating in a research note on Friday, January 16th. Barclays lowered their price objective on Virtus Investment Partners from $128.00 to $125.00 and set an "underweight" rating for the company in a research note on Monday. Finally, Morgan Stanley lowered their price objective on Virtus Investment Partners from $155.00 to $125.00 and set an "underweight" rating for the company in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $137.75.

Virtus Investment Partners Trading Down 0.6%

Shares of NASDAQ:VRTS traded down $0.82 during trading on Monday, hitting $135.18. The company had a trading volume of 86,390 shares, compared to its average volume of 101,328. The stock has a market cap of $903.27 million, a price-to-earnings ratio of 8.00 and a beta of 1.41. Virtus Investment Partners has a one year low of $121.61 and a one year high of $215.06. The company has a fifty day simple moving average of $136.05 and a two-hundred day simple moving average of $153.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

Insider Buying and Selling at Virtus Investment Partners

In other Virtus Investment Partners news, Director W Howard Morris purchased 2,150 shares of Virtus Investment Partners stock in a transaction dated Thursday, March 12th. The shares were purchased at an average cost of $129.34 per share, for a total transaction of $278,081.00. Following the completion of the acquisition, the director owned 2,000 shares in the company, valued at $258,680. This represents a -1,433.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in Virtus Investment Partners by 0.5% during the 4th quarter. State Street Corp now owns 306,375 shares of the closed-end fund's stock worth $49,985,000 after purchasing an additional 1,586 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Virtus Investment Partners by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 300,098 shares of the closed-end fund's stock valued at $48,961,000 after acquiring an additional 2,917 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Virtus Investment Partners by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 297,128 shares of the closed-end fund's stock valued at $48,477,000 after acquiring an additional 6,885 shares during the period. Victory Capital Management Inc. boosted its position in shares of Virtus Investment Partners by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 245,344 shares of the closed-end fund's stock worth $40,028,000 after purchasing an additional 15,987 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Virtus Investment Partners by 23.8% in the 3rd quarter. American Century Companies Inc. now owns 155,881 shares of the closed-end fund's stock worth $29,622,000 after purchasing an additional 29,919 shares in the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

Virtus Investment Partners Company Profile

Virtus Investment Partners NASDAQ: VRTS is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company's product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.

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