Virtus Investment Partners (NASDAQ:VRTS) Price Target Raised to $274.00

Virtus Investment Partners (NASDAQ:VRTS) had its target price upped by Piper Sandler from $264.00 to $274.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the closed-end fund’s stock.

A number of other brokerages have also commented on VRTS. StockNews.com lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Morgan Stanley lifted their price objective on Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Finally, Barclays assumed coverage on Virtus Investment Partners in a research report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $236.00.

Virtus Investment Partners Stock Performance

Shares of NASDAQ:VRTS opened at $246.97 on Wednesday. Virtus Investment Partners has a twelve month low of $190.42 and a twelve month high of $263.39. The firm has a market cap of $1.73 billion, a PE ratio of 15.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The business has a fifty day moving average of $222.95 and a 200-day moving average of $220.11.

Institutional Investors Weigh In On Virtus Investment Partners

Institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new position in shares of Virtus Investment Partners during the 1st quarter worth approximately $657,000. Quest Partners LLC increased its holdings in shares of Virtus Investment Partners by 183.0% during the 2nd quarter. Quest Partners LLC now owns 8,287 shares of the closed-end fund’s stock worth $1,872,000 after acquiring an additional 5,359 shares during the last quarter. Bailard Inc. acquired a new position in shares of Virtus Investment Partners during the 2nd quarter worth approximately $700,000. Meritage Portfolio Management increased its holdings in shares of Virtus Investment Partners by 36.1% during the 3rd quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund’s stock worth $4,675,000 after acquiring an additional 5,919 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Virtus Investment Partners by 14.6% during the 2nd quarter. Millennium Management LLC now owns 28,113 shares of the closed-end fund’s stock worth $6,349,000 after acquiring an additional 3,589 shares during the last quarter. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Company Profile

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.