Virtus Investment Partners (NASDAQ:VRTS) Price Target Raised to $119.00

Virtus Investment Partners (NASDAQ:VRTS) had its price target upped by equities researchers at Morgan Stanley from $112.00 to $119.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the closed-end fund’s stock. Morgan Stanley’s price target would indicate a potential downside of 15.18% from the stock’s previous close.

Several other analysts have also recently commented on the stock. TD Cowen decreased their price target on shares of Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Barclays dropped their price objective on shares of Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Finally, Piper Sandler decreased their price objective on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $136.25.

Virtus Investment Partners Trading Up 1.2%

VRTS opened at $140.29 on Friday. Virtus Investment Partners has a 1-year low of $121.61 and a 1-year high of $215.06. The stock has a market capitalization of $937.42 million, a PE ratio of 8.31 and a beta of 1.38. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $142.43 and a two-hundred day moving average price of $147.13.

Institutional Trading of Virtus Investment Partners

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in Virtus Investment Partners in the first quarter valued at about $26,000. Assetmark Inc. bought a new position in shares of Virtus Investment Partners during the 1st quarter valued at about $36,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Virtus Investment Partners by 269.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund’s stock valued at $50,000 after purchasing an additional 224 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock valued at $57,000 after purchasing an additional 150 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Virtus Investment Partners by 24.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock worth $81,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

About Virtus Investment Partners

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.