Virtus Investment Partners’ (VRTS) Hold Rating Reiterated at Barclays

Share on StockTwits

Virtus Investment Partners (NASDAQ:VRTS)‘s stock had its “hold” rating restated by stock analysts at Barclays in a note issued to investors on Wednesday, AnalystRatings.com reports. They currently have a $114.00 price objective on the closed-end fund’s stock. Barclays‘s price objective would suggest a potential downside of 2.75% from the company’s current price.

A number of other research firms also recently weighed in on VRTS. Bank of America upgraded shares of Virtus Investment Partners from a “neutral” rating to a “buy” rating in a research note on Monday, October 14th. BidaskClub raised shares of Virtus Investment Partners from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Morgan Stanley decreased their target price on shares of Virtus Investment Partners from $108.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. ValuEngine lowered Virtus Investment Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 29th. Finally, Zacks Investment Research upgraded Virtus Investment Partners from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $109.83.

Shares of VRTS opened at $117.22 on Wednesday. The stock’s 50-day moving average price is $113.40 and its 200 day moving average price is $107.60. The firm has a market capitalization of $821.30 million, a price-to-earnings ratio of 9.56, a P/E/G ratio of 1.25 and a beta of 1.60. Virtus Investment Partners has a 12-month low of $70.00 and a 12-month high of $126.55.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, October 25th. The closed-end fund reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.34. The business had revenue of $146.00 million for the quarter, compared to analysts’ expectations of $146.51 million. Virtus Investment Partners had a return on equity of 21.89% and a net margin of 13.49%. Virtus Investment Partners’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.93 earnings per share. On average, equities research analysts expect that Virtus Investment Partners will post 14.37 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in Virtus Investment Partners during the third quarter worth $34,000. Quantamental Technologies LLC bought a new stake in shares of Virtus Investment Partners during the 2nd quarter valued at $34,000. C M Bidwell & Associates Ltd. bought a new position in shares of Virtus Investment Partners in the second quarter worth $64,000. Bank of Montreal Can increased its stake in Virtus Investment Partners by 327.5% in the second quarter. Bank of Montreal Can now owns 731 shares of the closed-end fund’s stock valued at $78,000 after acquiring an additional 560 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Virtus Investment Partners during the third quarter worth $127,000. 88.93% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: What is a CD ladder?

Analyst Recommendations for Virtus Investment Partners (NASDAQ:VRTS)

Receive News & Ratings for Virtus Investment Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

5,300 Shares in AGCO Co.  Acquired by Sciencast Management LP
5,300 Shares in AGCO Co. Acquired by Sciencast Management LP
Sciencast Management LP Invests $406,000 in Stag Industrial Inc
Sciencast Management LP Invests $406,000 in Stag Industrial Inc
Sciencast Management LP Makes New Investment in M/I Homes Inc
Sciencast Management LP Makes New Investment in M/I Homes Inc
Sciencast Management LP Buys Shares of 5,700 Ormat Technologies, Inc.
Sciencast Management LP Buys Shares of 5,700 Ormat Technologies, Inc.
6,273 Shares in AeroVironment, Inc.  Acquired by Sciencast Management LP
6,273 Shares in AeroVironment, Inc. Acquired by Sciencast Management LP
Sciencast Management LP Reduces Position in Vail Resorts, Inc.
Sciencast Management LP Reduces Position in Vail Resorts, Inc.


© 2006-2020 Ticker Report